{"id":1400,"date":"2018-10-18T19:03:00","date_gmt":"2018-10-18T19:03:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2018\/10\/18\/high-net-worth-individuals-top-wealth-indicator\/"},"modified":"2025-03-13T02:22:10","modified_gmt":"2025-03-13T02:22:10","slug":"high-net-worth-individuals-top-wealth-indicator","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2018\/10\/18\/high-net-worth-individuals-top-wealth-indicator\/","title":{"rendered":"High-Net-Worth Individuals View Real Estate as a Top Wealth Indicator"},"content":{"rendered":"

What Matters Most To Today\u2019s Global Elite, Shows Continued Interest in Real Estate as a Wealth Builder and Deep Emotional Investment<\/h2>\n

The latest report from Luxury Portfolio International\u00ae, Luxury Real Estate<\/strong><\/em><\/p>\n

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The value of real estate as a means to building wealth, signifying attainment and improving quality of life is highly relevant to high-net-worth individuals (HNWIs) around the world. The latest report from Luxury Portfolio International\u00ae, Luxury Real Estate: What Matters Most To Today\u2019s Global Elite<\/em>, available for download now at luxuryportfolio.com\/whitepaper<\/a>, shows that 35 percent of HNWIs view real estate as the most obvious indicator of wealth. The research, which includes data from YouGov, shows that this is a powerful indicator globally, with Europeans (44 percent) and buyers in the Middle East (38 percent) each expressing a strong association between wealth and real estate. Among all the individuals surveyed, 38 percent are looking to buy luxury real estate within the next three years.<\/p>\n

Also driving this interest in luxury real estate is the strong emotional connection to a home. Globally, 37 percent of HNWIs said that an emotional tie was the top reason they purchased their current primary residence. Only in North America did luxury homeowners<\/a> state that the lot, location and size of the home was a bigger concern. \u201cDespite this emotional connection, 85 percent of wealthy buyers consider the purchase of real estate a rational choice,\u201d said Stephanie Anton, president of Luxury Portfolio International\u00ae. \u201cReal estate signifies success for these buyers, both internally and externally to their peers.\u201d<\/p>\n

At 23 percent, the interest in selling within the next three years is smaller, pointing to a continuation of a seller\u2019s market in the high-end, with fewer sellers than buyers expected and potential for inventory challenges to grow or persist in places already struggling with having enough homes to meet interest and demand. The difference between buying and selling is most dramatic in Asia where just 18 percent of luxury consumers are looking to sell vs 68 percent looking to buy. In both the Middle East and Asia, potential buyers overwhelmingly seek out urban locations for their next home.<\/p>\n

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\u201cWe are pleased to see that as we watch wealth grow among the top 10% of consumers globally, so too do we see continued interest in, and appetite for, luxury real estate both as a financial as well as an emotional investment,\u201d stated Anton.<\/p>\n<\/blockquote>\n

Additional findings from this report:<\/strong><\/p>\n