It will come as no surprise that the rich are getting even richer. However, knowing where they are located, and in what numbers, tells an important story about the state of the world — its technological, economic and social advances. We take a look at the findings of Knight Frank’s annual wealth report, published last week, in three graphics.
Prices in the world’s “prime” markets — defined as the top 5 per cent most expensive properties in each market — rose most in the developing world in 2023, particularly in Manila (26.3 per cent) and the Bahamas (15 per cent) as well as the boom emirate of Dubai (15.9 per cent).
Manila’s luxury property market benefited from a GDP growth double that of Britain, at