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February 4, 2014updated 04 Apr 2017 2:32pm

Booming number of Asian super rich flock to invest in Monaco real estate

Asian ultra-high net worth individuals show keen interest in investing in Monaco property, as the Principality remains one of the safest places for wealth storage.

By Verdict Staff

Asian ultra-high net worth individuals show keen interest in investing in Monaco property, as the Principality remains one of the safest places for wealth storage.

Free Report
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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Today Asia has a climbing number of uber-rich individuals, whose assets are expected to significantly increase in value over the next couple of years.

As the 2013 Asia-Pacific Wealth Report shows, HNWI with over US$1 million in investable assets will see their wealth rise to US$15.9 trillion by 2015. With so much money to invest, the attention of the wealthy is directed abroad.

According to the 2013 China Private Wealth Report, 56% of respondents from a HNWI group have either started the process of emigration from China or consider doing that in the near future. The reasons for that are vast: from ecological pollution to a stressful business environment in China.

As a result, a large proportion of their wealth gets directed towards top locations for luxury residential investment, such as London, Switzerland or Monaco.

Michael Silverstein of Boston Consulting Group, said: "These are the consumers for whom money is no object and they spend on every kind of luxury goods and service."

Although rich Asian individuals spend their cash on a variety of luxury products, such as yachts or private jets, according to recent figures nearly 28% of their wealth is invested in real estate. Europeans, for example, have 8% of their wealth held in real estate.

This opens incredible opportunities for luxury real estate markets, such as the one of Monaco. The Principality with its clean environment, pleasant climate, jet set society and sumptuous Monte-Carlo property for sale can successfully use this window of opportunity, which Asian investors now present. Asian HNWI no longer look for traditional luxury; their tastes have gone up a notch.

Christine Lu, founder of Affinity China, said: "You’ve got a Chinese demographic with a lot of money now. That’s not entirely new. They’ve had money for a while. But their tastes are changing."

Property for sale in Monaco is of the highest caliber of luxury. Yet, it is limited and, thus, for the best offers a reputed real estate agent is a must.

La Costa Properties Monaco represents the finest Monaco properties throughout the Principality and in the neighbouring French Riviera. Clients seeking to buy or rent Monaco apartments, offices, villas, penthouses, or other real-estate investments, can be sure of receiving professional guidance from qualified and experienced brokers.

La Costa Properties Monaco provides serious and competent management of all assets and necessary advice in legal and accounting matters.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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