Knight Frank Global Head of Research Liam Bailey joins Wealth! to break down why luxury properties are still a popular investment among the wealthy.
But the biggest shift we're seeing is the fact that the office market has split into two. There is a huge demand for best in class offices. So if you run a professional services firm, 10% of your cost is your office space. Most of your cost is your people. You're in the people business, you want to attract talent. And the best way to do that actually is a fantastic headquarters building somewhere where actually you've got training facilities, entertaining facilities, and so on.
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