The Global Luxury Residential Real Estate Report 2015 – See how UHNW individuals invest their money

Results form the Global Luxury Residential Real Estate Report

Many interesting trends were unveiled in the recently released Global Luxury Real Estate Report 2015. This informative report, created by Sotheby’s and Wealth-X, utilizes Wealth-X’s proprietary wealth intelligence derived from the company’s 170 global researchers that manually research and curate dossiers on ultra high net worth (UHNW) individuals (defined as those with US$30 million or above in assets).

Here are some key findings from the report

  • The value of UHNW-owned residential real estate assets increased by 8% globally in 2014.
  • On average, UHNW individuals own 2.7 owner-occupied residences.
  • As of 2014, over 7% of the world’s UHNW population made their wealth through real estate, up from 5% in 2013.
  • Ultra affluent women value real estate assets more than their male counterparts, holding 16% of the net worth in such assets, on average, compared to less than 10% for men.
  • Luxury residential real estate is an asset class typically favored by UHNW individuals with inherited wealth: these individuals hold 17% of their net worth in such assets, compared to just under 9% for self-made UHNW individuals.
  • UHNW individuals with net worth between US$30 million and US$50 million typically keep their primary residences for over 15 years and their secondary residences for over 10 years.
  • Billionaires change one of their four properties, on average, once every three years.
  • Secondary residences are typically 45% more valuable than primary residences; twice the square footage and have 10 acres of land.
  • At 83%, Monaco has the highest density of foreign-owned UHNW residences.
  • More than 6% of the world’s UHNW population has relocated their primary residence to a different country from which they were born – these individuals often keep a secondary residence in their home countries, and India is the leading country in this respect.

I hope you find the information I gathered from the Global Luxury Residential Real Estate Report 2015 interesting. If you are searching for a private estate, winery or vineyard in Napa Valley or Sonoma please contact me at 707-738-4820 or email [email protected]. As a top producing Realtor® in Napa Valley, I have access to some extraordinary wineries, vineyards, estates and homes in Napa, Yountville, Saint Helena and Calistoga that are not on the open market, as well as a deep knowledge of some exceptional overlooked on-market offerings. The off market inventory is extraordinary right now and each and every property has spectacular views. I look forward to helping you buy or sell your property in this beautiful part of the world.