This segment comprises the richest people in the world that control a disproportionate amount of global wealth. Ultra high net worth is generally quoted in terms of liquid assets over a certain figure. The exact amount differs by financial institution and region. The majority of UHNWs, or 49%, reside in the United States. Why is that? A recent article in The Huffington Post says the answer is simple. America is really, really good at creating wealthy individuals. Whether you are a UHNWI or not, you might be interested in learning some surprising statistics surrounding this elite group of individuals when it comes to real estate:
- 72% prefer the real estate as their preferred “safe” investment. This is up 30% from five years ago.
- Many seek a garden oasis complete with outdoor fireplaces and separate guest houses
- It’s all about the view.
- They prefer to purchase properties before they hit the market.
- They expect something extraordinary.
- They relish privacy.
- The world’s wealthy wants the absolute best and they are willing to pay for it.
- They want someone of their own caliber representing them on their sale or purchase.
Read my previous blog regarding the record number of millionaires in the US. If you are a UHNW, or a millionaire looking for the perfect investment in Napa Valley, be sure to take a look at my comprehensive website. I can be reached at 415.516.3939 or via email at Ginger@GingerMartin.com. Meantime, please LIKE me on FaceBook!