‎“Knight Frank”: Wealthy people, real estate, currency trading, ‎market timing are best investment opportunities ‎

Real estate, currency trading and market timing were among the main ways in which the world’s richest people grew their net worth last year, Knight Frank, a global real estate consultancy, said. It was a 12-month period marred by difficult economic conditions.

According to a survey of more than 500 wealth industry experts, private bankers, wealth advisors and family offices conducted in November, the real estate advisory firm concluded that four out of 10 ultra-high net worth individuals – those with a net worth of more than $30 million – Their wealth grew during the year 2022, although it witnessed a permanent crisis

Flora Harley, of Knight Frank, said that according to a significant percentage of 46% of respondents, real estate was the best investment opportunity, whether “for its properties as an inflation hedge or because of the benefits of diversification.”

According to the study, a third of the respondents chose stocks and the technology sector

On the other hand, individuals whose wealth shrank in the past year attributed to financial markets and interest rate movements.

While Knight Frank said, it is expected that in 2023, real estate will remain the best opportunity for ultra-high net worth individuals to build and grow their wealth, as is the case in the technology sector and stock markets.

In the context, Liam Bailey, global head of research at Knight Frank, said that with 68% of [ultra-high net worth people] expecting wealth to grow in 2023 – we expect a significant shift in portfolio strategy.

Also, in light of the search for valuable opportunities in the real estate sector, which plays a much larger role than it has in recent years.