London nonetheless prime metropolis for HNW way of life regardless of tax considerations

Lifestyle is turning into a defining think about the place (U)HNW people select to reside, with London rating because the world’s prime metropolis for retail, eating, hospitality and cultural experiences, in line with a brand new report from Savills.

The Spotlight on Wealth Trends research, launched as we speak, discovered that high quality of life more and more shapes world wealth migration, and that London stays a draw for the rich regardless of latest considerations over tax reforms within the Autumn Budget.

Findings place a transparent emphasis ‘on lifestyle rather than quick returns,’ mentioned Savills World Research affiliate director, Kelcie Sellers. ‘Location remains critical. It is a lifestyle shift comparable to the expansion of air travel in the 1960s and 1970s, but driven today by the digital world rather than affordability,’ she added.

The report consists of the Savills HNW Individuals Hotspot Index, which analyses the highest locations for the world’s rich based mostly on 5 key pillars: enterprise surroundings, household surroundings, legacy, way of life, and privateness and safety.

Across the 100 locations included within the rating, London obtained the very best ‘index score’ for way of life at 7.02 (in comparison with 6.26 for Tokyo, 6.10 for New York and 4.72 for Dubai), ‘for its depth of offering across shopping, dining, hospitality, members’ golf equipment and high quality of life,’ the report says – which ranks it tenth throughout all classes within the checklist.

[See also: How Budget 2025 could affect your wealth: what the UK’s top advisers are saying]

The deal with London as the highest vacation spot for HNW way of life comes because the UK prepares for tax reforms anticipated to be introduced within the 26 November Budget, with consultants warning that adjustments to LLPs, inheritance tax, earnings tax and capital features tax may have important monetary and private penalties for HNW Britons.

The rise of lifestyle-driven locations

This shift in the direction of way of life as a precedence can be driving a broader reordering of wealth hotspots. According to the report, coastal and ski locations are evolving from seasonal retreats into everlasting residences, due to a robust high quality of life, family-friendly facilities, improved connectivity and engaging residency schemes.

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Aspen, Monaco, and Miami, for instance, all rank among the many prime ten hotspots for HNWs globally, competing with main cities and established wealth hubs.

[See also: Miami is here to stay, says Douglas Elliman boss]

The report additionally exhibits that wealth is more and more spreading past the town, as countryside and ski locations akin to Tuscany (ranked twenty second), Zermatt (fifteenth) and Jackson (twenty eighth) are being embraced as everlasting properties, reflecting ‘a growing preference for year-round leisure, wellness and connectivity,’ the report says.

When taking all of the elements into consideration, Dubai, New York City, Singapore, Hong Kong and Abu Dhabi stay the highest locations for HNW people, the Savills report discovered.

Still, even inside these established hubs, way of life elements stay vital. Dubai, for instance, leads in worldwide college provision, with 168 listed within the Savills report, adopted by Madrid, Hong Kong, Mumbai, and Abu Dhabi, every with greater than 70 faculties.

[See also: The Spear’s Schools Index 2025: the definitive guide to the 100 leading private schools in the world]

‘The new map of wealth is more fluid, decentralised and globally distributed than ever before,’ Sellers mentioned.

‘In this new era, the next hotspot may be less about legacy and more about agility, vision and the ability to attract the globally mobile.’