London is top spot for ultra-wealthy despite looming Brexit

Annual Wealth Report by Knight Frank

Ultra high net worth investors will continue to see London as the top spot for investment and connectivity despite Brexit fears, according to a report by property broker Knight Frank.

The UK capital has beaten the likes of New York, Hong Kong and Shanghai as the most important global city for the super-wealthy and is the only European city in the top ten. The number of ultra high net worth investors (UHNWIs), identified as those with $30m or more, living in London is expected to rise by 30% to 6,058 over the next decade, the report revealed. This shows the city remains attractive even as the UK makes headway in its plans to leave the European Union (EU) and despite an 80% slump in applications for investor visas last year as the government introduced anti-money lau...