The global response to the financial crisis continues to boost property markets in many parts of the world. The latest results from the Prime International Residential Index (PIRI) confirm that Asian markets, led by Jakarta,still lead in terms of price growth. Locations that were hardest hit by the downturn,like Dubai, Dublin and now Madrid, are also bouncing back strongly.Continued global wealth creation, particularly in emerging markets,has been a key driver for prime property markets. This trend looks set to continue with a
forecast increase of 28% in the total number of UHNWIs around the world by 2023. Shifts in wealth distribution contribute to changing fortunes in our Global Cities Survey, which measures the most important cities to the world’s UHNWI community.
