zzz - Lorea Thomson
| Realtor
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Wealth-X, the world’s leading “ultra-high net worth (UHNW defined as having a net worth of over $30 million) intelligence and prospecting firm with the largest collection of curated research” for the mega rich, noted in the recently released  “Global Luxury Residential Real Estate Report 2015” that nearly $3 trillion of the world’s private wealth is held in owner occupied residential properties.  The report also forecasts “an ongoing shift in the wealth creation cycle from the West to the East.”  Main hubs of luxury real estate are New York City, London and Hong Kong.

Luxury residential real estate is a core component of the high net worth market.  Lifestyle and investment are affected by location.  According to Forbes annual list of richest Americans, plenty of ultra-high net worth property owners live in South Florida.  What’s better than being uber-rich?  Being rich and living in South Florida on the water!

The following are other key findings from the 2015 report:

  • The value of UHNW-owned residential real estate assets increased by 8% globally in 2014.
  • On average, “ultra high net worth” 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 fewer than 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 “ultra high net worth” residences.
  • Over 6% of the world's UHNW population have 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.

Waterfront Properties and Club Communities are the industry leaders of South Florida waterfront residences, with a history of high-level client service and discretion.  Waterfront Properties powerful global network, marketing and superior technology have elevated the level of client satisfaction. To discuss current market conditions in South Florida, please contact Rob Thomson, Managing Partner, Waterfront Properties and Club Communities by sending an email to or call 561-746-7272. 

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