KNIGHT FRANK GLOBAL WEALTH ALEX KOCH DE GOOREYND
WEALTH INVESTMENT KEY INVESTMENT CITY INSIGHTS TR EN D S BEH AVIOU R C ON SID ER ATION S
OUR 1,200 20% WORLD, of our clients have over US$125m of Bloomberg Billionaires 2016 are in assets our clients OUR 5.5m 21,900+ 500M CLIENTS Social media reach for Residential properties for sale on pages viewed on our website in International View 2017 knightFrank.com the past five years Direct access to over 4,000 1.2M One of the main things that sets our firm ultra high net worth individuals clients on our global databases apart from others is our commitment to long-term, personal client relationships. Future is digital 60,000 Twitter, 22,000 Instagram & 35,000 Facebook. Visits booked via Linked-In
True Network - London (30), Paris (8) Frankfurt, Quinta, Lisbon
STRATEGY AND MANAGEMENT GLOBAL WEALTH MOSCOW INDIA TEAM Sarah May-Brown Sami Robertson Shishir Baijal Alasdair Katya Marina Shalaeva Pritchard CHINA Zenkovich USA Stuart Cole Yi Cheng Daniel Daggers Alex Foshay MONACO HONG KONG SWITZERLAND Pieter van Edward de Mallet SAUDI Maggie Lee Charles Penny Naeltjwick Morgan Alex Koch de Jacques UAE SINGAPORE Gooreynd Emery Ronny Wong Profiling team One point of contact Stefan Burch Alasdair Pritchard Alex James Moreas Madani Tom Hawkins Sami Robertson Linda Chern Knight Frank 5
A TRUE GLOBAL NETWORK IN ACTION Zur Zurich h Buy Buyer in introduced d to o ou our Tusc uscany Gene Geneva seller seller no now loo lookin ing wit ith h ou our r Lo Londo ndon Mo Mosc scow buy buyer in introdu duced to o the he Vevey office of ice sup super pr prim ime team am team am €18.8m 60 €1,8m London referral for International Fees billed in 2017 the sale of a villa in referrals made per from cross border Cap-Ferrat month referrals
“The impact of private wealth on global property markets” 12 th edition, $1 trillion of private investment Wealth creation & movement, attitudes survey (40 UHNW & 10,000), sentiment affects property performance & luxury assets performance
2012 - 2017 RUSSIA & CIS EUROPE -37% NORTH 10% AMERICA ASIA MIDDLE EAST 31% 37% -3% AFRICA -8% -22% 18% -13% LATIN AMERICA & CARIBBEAN AUSTRALASIA • Global flows, Wealth X • 5yrs, UHNWI - $50m net assets (129,730) • Contrast South America 16/17 + 710 v China 16/17 + 4,590
Future Growth RUSSIA & CIS EUROPE 25% NORTH 34% AMERICA ASIA MIDDLE EAST 36% 55% 27% AFRICA 31% 30% 40% 35% LATIN AMERICA & CARIBBEAN AUSTRALASIA • Next 5yrs - Wealth X • Medium-term growth, continuing trend, not indefinite
The new millionaires US 485,000 China 159,000 4,000 pa. China’s annual $ millionaire production rate equates to Russia’s overall total Despite China’s growth the US is the undoubted wealth creation powerhouse China’s importance is the mobility of its wealth, biggest buyer in London
Money flows increasing 721% - the three-year growth in Chinese funds held overseas Pace of money movement, unique view of global money flows Bank for International Settlements data, $172bn increase in three years to June 2017
Investment activity: allocation changes CHANGE IN ALLOCATION CRYPTO- 21% CURRENCIES 62% 25% 30% 56% 46% 38% 45% Attitudes survey Wealth flooding into hard assets: 150 super yacht completions. 2nd + since 2008 Source: The Wealth Report Attitude Survey Records broken at auction: $23m record for British Car, Paul Newman’s Rolex ($18m), diamond record ($71m)
UHNWIs flows increasing 21% of UHNWIs plan to emigrate Money moving and people moving 24% of Asian UHNWIs have a second passport / nationality, 26% are considering it $3bn purchasing passports / citizenship
European Super Prime Market on the move ? BENAHAVIS Portofino Geneva FLORENCE Cannes COTE D’AZUR All in 2017 After difficult 10 yrs
2017 – The rise of the mega deal 43% Private 20 FENCHURCH STREET THE LEADENHALL BUILDING THE CENTER London London Hong Kong Investors Demand for Trophy $1b of overall investment FO - $1.8 Trillion AUM, 55% RE exposure
Strength of the City markets
Relative Values MONACO (16) NEW YORK (25) LONDON (28) SINGAPORE (39) GENEVA (41) How many square metres PARIS (46) of prime property does VIENNA (47) $1m buy? ZURICH (53) LAUSANNE (63) BEIJING (66) ROME (68) BERLIN (77) MOSCOW (83) DUBLIN (106) AMSTERDAM (108) MADRID (112) LISBON (121) DUBAI (138)
Demand outweighs supply BERLIN BIRMINGHAM 10,000 1,750 Net additional dwellings delivered in Net additional dwellings delivered in 2016-2017 2016-2017 20,000 3,575 Housing need per annum Housing need per annum Berlin deficit of 77,000
Taxation London -9% Tighter monetary policy/Cooling measures, Vancouver 20% in 2016 v 4% Foreigner restrictions in New Zealand, Singapore (+20% stamp) and Australia mortgage ban (Sydney -51%)
Lisbon 2 nd Safest 22% €6,500 Increase in tourism capital in the world Average price per sqm in 2017 €3,3bn 222% Increase in Golden Invested in Golden Visa requests by Visa since 2012 Brazilians since June 2017 5.2% 35,000 Average % rental New start-up yields companies registered in 12 months Accessibility, affordability, culture. 22+m tourists in 2017, Golden visa, No inheritance tax, start up incentives. Beware future AirBNB (18%)
Berlin 11.6% 1.6% 45,000 Vacancy rate Property price increase Newcomers every year in 2017 1st 85% Rental Market According to PWC for overall investment and development prospects 43% €3.01bn Of buyers are Invested in start-ups International during 2017 29 years old, Start up & tech capital, Mercedes innovation center Affordability, culture.
London 4,238 3.3% 19.8 million Gross prime yield in New technology Visitors to London in 2017 prime central companies in 2017 London £2,447 379 UK tier 1 Investor Prime properties main applicant visas average psf granted in 17/18 2nd £468,845 Knight Frank City Average capital value in Wealth Index 2018 wider London 2018 Google 1bn HQ, Apple 1,400 staff in Battersea Source – Knight Frank research, VisitiBritatin Inbound stats, Forbes.com, Home Office and Nationwide
• Schiphol – 6 runways. • Tottenham Crt Rd - +85% in 10 yrs since Crossrail announced
Leading lights: top picks for private investors LOGISTICS AGRICULTURE FLAGSHIPS Amazon Australia – end 2017 Increased Population, climate, water shortages = cropping area 3x size of France by 2030 Retail still imperative - showcase products & brand values, create a destination
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