Dear Agents, As part of our ongoing e orts to provide you with relevant and important market information, please find an update from Knight Frank. Millionaires on the move More millionaires will likely relocate this year than ever. The drivers vary. Changes in economic conditions, tax incentives, visa options, and lifestyle improvements all play a role, as do new hybrid working models and a rise in early or semi-retirement among those in their fifties. Investment migration consultancy Henley & Partners reckons millionaire relocations will hit 128,000 by the end of December, up from a record 120,000 last year. London's most a luent are a point of focus, given the Labour government's tax proposals, but this is a global trend. This generation of wealthy individuals is both better connected, and more mobile, than any that has come before it (see p.18 of The Wealth Report 2024 for more).
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