Did you know that 6% of the global Ultra High Net Worth population is expatriated? The Ultra Wealthy are on the move and Sotheby’s International Realty dutifully set out to trace their footsteps and find out more about their preferred locations and explain their movements. After putting the pieces together, we found out that Malta might stand to gain.
During the last EMEA event held in Rome, in a presentation given to those attending, it was revealed that the UNHW population is on the move due to various reasons, prominent amongst which are the internationalisation of business holdings, educational institutions stimulating foreign demand, ease of travel and an increase in required travel as well as the rise of global citizenship investor programmes.
All this is seeing the UHNW crowd moving to locations where such opportunities are centred. Interestingly, 12 of the top 40 most important cities to UHNWI are European. The European cities of London, Paris and Zurich even feature in the top 10, followed by others such as Geneva, Frankfurt, Madrid, Vienna and Milan.
During the EMEA event in Rome, where new offices in Rome and Poland were inaugurated, president and CEO of Sotheby’s International Realty Affiliates, LLC Philip White stated that,
“Expansion across Europe continues our commitment to providing access to the network’s exclusive real estate services in key cities around the world.”
Sotheby’s International Realty is further strengthening its European network in order to capitalise on its growing potential.
This is good news for Malta. Our island has already been featured as a location of choice as well as a lifestyle and tax haven for foreign investors. Having recently embarked on its own citizenship investor programme, Malta is much more ideally placed and likely to attract the UHNW profile.
Malta Sotheby’s International Realty was represented in Rome by Joint Owner and Director Michael J Zammit and Director Roger Strickland who highlighted the fact that the exceptional opportunities for the Maltese market brought about by SIR globally was limitless. The EMEA event enabled Malta SIR to strengthen and grow its network in Europe and the Mediterranean region, expanding its prospects of promoting Malta and attracting new investment in luxury property to our shores.
Malta SIR remains committed to fully servicing the high-end real estate market and living up to the global brand’s mission of providing extraordinary properties that meet the lifestyle and preferences of their tenants.
For further information about listing your property with Malta SIR or enquiries about our property listings and other services, do not hesitate to visit our website or direct your request to firstname.lastname@example.org.