As our global luxury real estate market continues to develop and grow, key locations have begun to stand out as hubs for the Ultra High Net Worth (UHNW). As reported in the key findings of the Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report, “New York, London, Hong Kong, Singapore and Paris are the most important international hubs for UHNW residential real estate.” With Los Angeles, San Francisco, Washington D.C., Dallas and Mumbai rounding out the top ten, it’s not surprising that some of the world’s most notable and famous cities are featured here. Explore homes below in cities that show particular clustering of the UHNW.
According to the report, “New York City is one of the biggest financial hubs in the world, attracting investors and real estate developers as well as individuals who want to profit from the market and have significant business interests or personal and family ties to the city.”
$82,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage
This architectural tour de force is a quintessential New York City apartment. The four-bedroom penthouse features unrivaled panoramic views of Central Park, captivating sunlight in every room, state-of-the-art design, stainless steel chef’s kitchen and a spacious library among others. A testament to both great design and exemplary craftsmanship, this in an ideal residence for refined entertaining and sophisticated living offering the ultimate New York City experience.
Key findings in the report show that London is not just, “one of the most important cities for luxury residential real estate,” but that “foreign investors view London as a ‘safe haven’ for prime property investments.”
£12,950,000 GBP | London, England | London Sotheby’s International Realty
Abundant in elegance, this recently restored, gated estate offers a blend of modern design with enduring architecture. Tile floors, dark wood detailing, skylights, and a walk out to the exquisite west-facing garden make this home inviting and sophisticated. Just south of the Thames and London’s city center, this exquisite home is a private and inviting piece of London living.Read More by Erik Weinbrecht