Super-rich will flock to London – report

Super-rich will flock to London – report

The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank.

The number of ultra-wealthy people — those with $30 million or more who private banks such as UBS and Citigroup love to court — living in the UK capital is expected to climb by 30 percent to 6,058 over the next decade, the report showed.

That may ease doubts about the city’s appeal stemming from an 80 percent slump in applications for investor visas last year, following the introduction of anti-money laundering checks in 2014. Only 215 wealthy people were granted such visas, according to data published last week by the U.K. government.  PHOTO: Eaton Square (Rightmove)  READ MORE:


Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.