The 2012 edition of the Wealth Report contains some interesting information regarding global economic and wealth trends, in relation to cities. For those interested in African cities, some of the findings might be surprising.
For example, Nairobi tops the list of all cities in terms of average property price change in 2011, with an increase of 25%. The report promises to be a valuable source of information for all those interested in the positions occupied by African cities within emerging city ‘hierarchies’ and global economic changes.
An extract from the report’s introduction:
Never before have wealth creation, economic risk and politics been so closely intertwined with the performance of prime residential and commercial property markets. Drawing on insight from Knight Frank, Citi Private Bank and other leading commentators, The Wealth Report 2012 pulls together all these strands and explains their connections and likely implications.
Using exclusive data and survey results, we uncover how the wealth being generated by the world’s fastest growing economies is an integral part of the equation, but also discover on page 16 that economic growth alone is not enough to create cities considered genuinely important by the world’s wealthiest people.
Please CLICK HERE to download the report (pdf format).
