Mansions travel to private islands, supercars… A way of living that has been increasingly more attractive nowadays. Luxury is everywhere and people are getting even more used to it than before. The movement of private wealth worldwide is integral in driving the performance of asset markets and, in particular, property.
According to a consumer report by Deloitte, the world’s 100 largest luxury goods companies accumulated sales of US$212 billion in 2015, with the average luxury goods annual sales for a Top 100 company now being US$2.1 billion. The strength of this industry is clear and the influence on the markets worldwide is an interesting one to consider.
From home and beyond
“In a world where business is becoming increasingly global, having your children make friends with people from lots of different nationalities is considered very attractive.”
Industry on the rise
“Despite London’s property market cooling over the past year, it’s no surprise that the capital’s most exclusive boroughs continue to dominate the list. This is partly thanks to some incredibly luxurious properties benefiting from unbeatable locations near the heart of the city.”