Global Property Handbook 2024

In 2023, widespread inflation, higher interest rates and the spike in commodity prices have added complexity to an already difficult economic and geopolitical context. In an uncertain global context, luxury real estate has once again confirmed its status as a safe-haven value thanks to the premium placed on excellence, prime locations and quality. The UHNWI clientele, primarily composed of entrepreneurs, is now more mobile than ever, working from anywhere in the world. Two phenomena seem to have taken hold on a long-term basis: growing UHNWI wealth fuelled by multiple economic crises, and growth in the number of digital nomads. Against this backdrop, luxury real estate acts as a stabilising factor for wealthy investors.