1、20th edition2026The global perspective on prime property and WEALTH REPORT 2026THE WEALTH REPORT 2026THE WEALTH REPORTWelcome1WelcomeIt is my pleasure to introduce the 20th edition of The Wealth Report.In last years report,we highlighted the resilience of private capital amid shifting interest rates
2、.This year,even as the global economy adjusts to renewed geopolitical uncertainty,we report on the continued creation of wealth,anchored firmly by the US,despite intense technological competition from China and other markets,and on the expanding role of private wealth across real estate and other as
3、set classes.Despite this momentum,the year ahead presents complex challenges.The Iran war has unsettled financial markets,feeding through to higher energy prices and renewed inflationary pressures,and complicating the outlook for central bank interest rate setting.In this years edition,our exclusive
4、 2026 Family Office Survey,drawing on interviews across major global hubs,provides clear evidence of evolving investment strategies.Driven by a desire for agility and longterm performance,private investors are professionalising their operations,actively pursuing coinvestment opportunities,and target
5、ing valueadd and operational real estate with increasing conviction.A key theme to emerge from this years report is the relentless rise in the mobility of both capital and people.We explore how tax,risk,investment and lifestyledriven moves are reshaping more than 100 prime residential markets,as wel
6、l as commercial real estate.We also examine changing luxury consumer requirements and their implications for property owners and investors.Alongside this,we take the pulse of passion investments,from fine wine to art,and explore how the emerging RORY PENNHEAD OF LONDON RESIDENTIAL SALES AND CHAIR OF