More UHNIs planning to purchase a brand new dwelling in 2021, says report

The pandemic has made individuals search for greater homes and away from crowded areas. Ultra-high-net-worth people (UHNIs) are additionally taking a look at upgrading their homes or shopping for new vacation properties, as per Knight Frank’s wealth report 2021.

According to the Attitudes Survey carried out by the corporate as a part of its wealth report 2021, one out of 5 UHNIs in India plan to purchase a brand new home in 2021 in comparison with one out of 10 in 2020.
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The most popular places are largely concentrated in India, adopted by preferences in worldwide markets such because the US, UK, Singapore and the UAE, as per the report.
UHNI means an individual with a internet price of $30 million and above, as per the report.
In India, the popular places are coastal and resort areas equivalent to Goa and Alibag.
Indian UHNIs have 17% of their wealth allotted to property investments, in comparison with 21% globally.
Factors equivalent to transport hyperlinks, web connectivity and leisure services inside the dwelling or growth shut by are among the attributes that Indian UHNIs are taking a look at whereas shopping for a home.

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