2024 Knight Frank Wealth Report

This year’s cover provides a stark illustration of a critical change in the private client investmentstory. The shift to higher interest rates in 2023 represented a massive break with the pattern of ever-lower debt costs that shaped the previous two decades. While rates are likely to be cut through 2024, they will remain substantiallyabove their recent ultra-low levels. This, together with a global election boom, an ever more tangled geopolitical web and a perfect storm of disruption for real estate, means the old rulebook no longer applies. For investors, it’s time to turn to the Next Chapter.