Wealth-X and REALM’s spotlight on the world’s leading markets for the wealthy: residential real estate 2021 delivers an insider’s look into where these individuals own and are acquiring primary and secondary properties. According to the report during 2020 priorities changed for the very-high net-worth (VHNW $5 million to $30 million) and ultra-high net worth (UHNW $30 million-plus) individuals.
“At REALM we’ve found that the most fascinating aspect of 2020 was that the entire world experienced a disruption beyond anything we could have anticipated. There has been a global psychological shift that has resulted,” notes REALM’s founder and CEO Julie Faupel. “We would have expected the nexus for the wealthy to have been a bit more widely distributed and reflective of a departure from some of the more high-density environments. That said, it is more likely that UHNW homeowners are not exiting their primary urban markets but diversifying and expanding their real estate footprints into other markets that suit various aspects of their lives. “