KEY FINDINGS FROM THE KNIGHT FRANK WEALTH REPORT 2021
According to the Knight Frank Wealth Report, Switzerland ranked fifth in the top 10 countries which saw the biggest increase in their ultra-high net worth population in 2020. The only other two countries from Europe in the top ten were Sweden and Germany. Much of this is was due to the value of assets increasing in the wake of the pandemic.
With lower interest rates and more fiscal stimulus, asset prices in many markets have surged, driving the worlds UHNWI population 2.4% higher over the past 12 months to more than 520,000. This was seen predominantly in North America and Europe, with Asia however pushing 12% growth. The expansion of wealth though was not all encompassing, with a fall in the number of UHNWIs in Latin America, Russia and the Middle East due to changes in currency rates and unstable local economies.
Stability is extremely important when considering investing in an asset, especially where property is concerned. The Residences at the Hard Rock Hotel Davos however, provides a sensible investment option, in a stable and steady local economy, making it a highly recommended option for investors. Situated in an enviable loocation in the breathtaking Swiss Alps with amazing views and a range of activities available throughout the year the Residences are fully furnished apartments which gives owners access to bespoke Hard Rock Hotel services. It is a unique property investment in health and wealth, to be enjoyed without the restriction of foreign ownership.
Through the of peak Covid-19, the Hard Rock Hotel Davos saw fuly occupancy rates throughout the summer, providing prospective investors with the confidence in knowing that the Hard Rock brand and overall legendary services are still drawing in tourists and visitors. Davos as a destination is hard to beat and becoming ever more popular. This makes for strong rental yields, where comparatively across Europe, Swiss rental returns have remained steady and at a good level. The Swiss economy has proved to remain safe and firm, even in the midst of crisis – which creates a secure environment for sustainable yields, compared to other markets which are at times more volatile.
To find out more about the Residences, call +41 44 551 41 28. Alternatively you can email a member of our team: apartments@hrhdavos.com