HIGH-END RESIDENTIAL, THE TREND: FROM LUXURY TO EXCELLENCE!

In 2020, the capitalization of the wealthy withstood the blow of the pandemic. In 2021 it increased significantly with particular prominence in the real estate segment. The growth rate of the richest population sees the United States in first place, followed by the UK, France, Japan and mainland China. The approximately 130,000 new billionaires in the last 2 years are under 40 years old and more than 95 percent are self-made with very different tastes and habits if compared to the “traditional” super rich. Their concepts of investing in real estate are multi-geographical, meaning investments in different geographical areas of the world. Special attention to the amenities that different areas can offer, appreciation for large open areas suitable for socialization, sports, integration of nature and urbanization. High propensity for redevelopment of properties and their spaces. In all this, the so-called Luxury segment of real estate is not expected to go downhill even for the next two or three years as the authoritative experts at Knight Frank estimate,…