Helping to answer the question, three-quarters of respondents to Knight Frank’s Attitudes Survey said the net worth of their clients increased in 2013.
Global investment in commercial property rose 17% in 2013 to $533bn, according to data in The Wealth Report 2014.
According to the results of Knight Frank’s Attitudes Survey, 28% of an UHNWI’s net worth is accounted for by their main house and any second homes, of which, on average, they own 2.4.
Last year prices fell in 39% of locations, compared with almost half in 2012.
Continued growth in the value of classic cars helped to push the Knight Frank Luxury Index up by 8% in the 12 months to the end of Q3 2013.
The number of ultra-wealthy individuals across the globe rose by 3% last year, despite continued economic turbulence and uncertainty in many countries.
Renewed concerns over the world economy are demanding new approaches to wealth preservation.
Economic turbulence failed to curb the rise in the number of ultra-wealthy individuals last year, according to figures produced exclusively for The Wealth Report.
Wealthy individuals searching for tangible investments are increasingly turning to prime commercial property.