It is a well rehearsed fact that, since the downturn, the rich are getting richer. According to a recent report by Merrill Lynch and Capgemini, the number of millionaires across the globe grew by 8.3 per cent to 10.9m in 2010. The total wealth of these individuals rose to $42,700bn, up from $40,700bn in 2007. Which makes high-end, prime-location property more attractive than ever as a secure investment.
However, buying prime property is fraught with problems from “silent listings” – property which is never advertised – to vendors reluctant to sell to anyone who appears wealthier than themselves.
Enter the high-end buying agent: property professionals who have the well-honed skills to secure a home despite the secrecy and jealousy.
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