Whether they are high-net-worth individuals (HNWIs) with investable assets of US$1 million+ or ultra-high-net-worth individuals with US$30 million+, the world’s wealthiest invest a significant share of their portfolio in real estate.
Real estate historically appeals to HNWIs as a tangible asset with clear lifestyle benefits. Recently, luxury property values have surged around the world. In the U.S., from Q4 2019 to Q4 2023, luxury home prices increased 65% compared to a 40% gain in the non-luxury market, according to a 2024 report by J.P.