Breakfast in Mayfair could easily be followed by lunch overlooking Sydney Opera House, It doesn’t take much imagination to see the dramatic impact this innovation could have on global luxury property markets.
The report emphasises the importance of pricing – if tickets are affordable by the very rich rather than only a handful of billionaires, then there could be a significant knock-on effect.
Take second homes in Europe,”Right now, demand is mainly restricted to European investors who try to limit their travel to less than two hours. In future, that same time limit could allow Chinese or Indian investors to pop over for the weekend to visit their Tuscan farmhouse. As all the global hubs become dramatically more accessible, the criteria for choosing a second home may become more about the location itself, and much less about the convenience of travel.