Monday, April 02, 2012

The wealth report 2012 - Knight Frank

 Leading international agent Knight Frank has just published its 2012 edition of "The Wealth Report" and it's more than worthwhile grabbing a coffee and reading through it when you have time.

You can download the report from here.

The report highlights locations that are important to the "super rich" as well as talking about prime residential and commercial hotspots.  My favourite section is where experts predict the world's leading city in 2050 (although rather predictably most go for Shanghai).

It comes on the back of a BBC story with the headline "Chinese buy their favourite Bordeaux by the vineyard", a story about Chinese investors buying the Chateau Latour-Laguens vineyard in 2009: 

"Chateau Latour-Laguens was the first estate in Bordeaux to be bought by Chinese investors three years ago, but at least five others are now also Chinese-owned" says the author.

Last year I too was mandated to find a chateau and vineyard around Bordeaux and a couple of years ago I helped a local agent find a buyer for a big chateau on the edge of Cognac.

Such transactions are definitely not "the norm" in the Charente but we have our fair share of luxury chateaux, vineyards and glorious estates and it seems that despite the global recession the super rich are still ready and eager to buy premium estates in prime locations.

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