The Wealth Report is an annual publication prepared by Knight Frank and Citibank Private Bank. Charles Douglas Solicitors contributed to the article.
Charles Douglas, a London-based property lawyer specialising in transactions for HNWIs, says issues like the Arab Spring and this year’s Russian elections are classic examples, with popular uprisings on the one hand and overweening government power on the other.
“The wealthy are considering their options, and these include where they buy property and invest their wealth. Look at London – the angst in the wealth and property industry over higher tax rates and new levies on property has been almost entirely misplaced. The reality is that tax is only part of the picture for the super-rich: what they really value is the lifestyle that comes with an open, cosmopolitan environment, excellent education for their children and both personal and property security,” Mr Douglas says.