Concrete Analysis | Capital continues to flow into real estate, with fresh strength in commercial sector
Hong Kong is rated among the top four global cities over the next 10 years, as Shanghai and Beijing grow in prominence
We are still only in the early part of 2014, but the global real estate market is already in overdrive. The constantly changing and diverse global economic environment is what makes the prospects particularly exciting.
The United States is recovering, Britain and much of Europe are gradually coming out of recession, and credit markets are opening up.
Yet there are increasing fears about the Asian economies, where the rate of growth has slowed considerably, and then we have got Australia, which was virtually immune from the global financial crisis, but is now feeling the effects of slowing commodity trading.
What is clear is that the funds behind most sovereign wealth institutions are accumulating hand in hand with high-net-worth individuals, increasing their wealth and their number.
The established residential markets will still rise in value, but the pace in growth will slow
Our recently published Wealth Report 2014 reflects the attitudes of more than 23,000 ultra-high-net-worth individuals worth on average US$68 million and with a combined wealth of US$1.5 trillion.