财富报告2025（英）-Knight Frank

19th edition2025The global perspective on prime property and investmentknightfrank.com/researchEDITORLiam BaileyMANAGING EDITORSunny CreativeMARKETINGSally IngramPUBLIC RELATIONSEmma CottonDESIGN & DIRECTIONWinkreativeQuiddity MediaFRONT COVERBirch Creative LtdPRINTOptichromeALL KNIGHT FRANK CONTACTSfirstname. familyname@ knightfrank.comHNWIHigh-net-worth individual – someone with a net worth of US$1 million or more. In our Wealth Sizing Model (page 14), we define HNWIs as those with a net worth of at least US$10 million.UHNWIUltra-high-net-worth individual – someone with a net worth of US$30 million or more. In our Wealth Sizing Model (page 14), we define UHNWIs as those with a net worth of at least US$100 million. PRIME PROPERTYThe most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value. Prime markets often have a significant international bias in terms of buyer profile.THE PIRI 100Now in its 18th year, the Knight Frank Prime International Residential Index tracks movements in luxury prices across the world’s top residential markets. The index, compiled using data from our research teams around the world, covers major financial centres, gateway cities and second-home hotspots – both coastal and rural – as well as leading luxury ski resorts.THE KNIGHT FRANK WEALTH SIZING MODELThe model, created by our data engineering team, measures the size of wealth cohorts globally.19th editionDefinitions and dataHow we chose our coverImportant notice© 2025. All rights reserved.This publication is produced for general outline information only, it is not definitive and it is not to be relied upon in any way. Although we believe that high standards have been used in the preparation of the information, analysis and views presented, no responsibility or liability whatsoever can be accepted by Knight Frank for any errors or loss or damage resultant from the use of or reference to the contents of this publication. We make no express or implied warranty or guarantee of the accuracy of any of the contents. This publication does not necessarily reflect the view of Knight Frank in any respect. Information may have been provided by others without verification. Readers should not take or omit to take any action as a result of information in this publication.In preparing this publication, Knight Frank does not imply or establish any client, advisory, financial or professional relationship, nor is Knight Frank or any other person providing advisory, financial or other services. In particular, Knight Frank LLP is not authorised by the Financial Conduct Authority to undertake regulated activities (other than limited insurance intermediation activity in connection with property management).No part of this publication shall be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission fr