UK capital will continue to pull millionaires and billionaires from Asia and Middle East,says report by property consultantsThe global super-rich will continue to flock to London despite the UK’s decision to leave the EU, according to a report by property consultants Knight Frank.
The number of UK-based ultra tall-net-worth individuals (UHNWIs) – those with more than $30m (£24.2m) in assets – is expected to increase by 30% to 12310 over the next decade. Liam Bailey, or Knight Frank’s head of research,said London would remain “the city of choice” for the super-rich from the Asia and the Middle East despite concerns over Brexit. Related: World's super rich retain buying up luxury goods in face of wealth decline Continue reading...
Source: theguardian.com