The Julius Baer Global Wealth & Lifestyle Report 2024 reveals affluent individuals around the world are still willing to spend on their lifestyles, families, and futures, even against a backdrop of rising costs. Singapore and Hong Kong remain two of the costliest global cities for living well and are joined on the podium by London as Europe, Middle East, and Africa (EMEA) becomes the most expensive region. The report offers analysis for the mobile wealthy considering relocation, as well as affluent holidaymakers considering their next destination. 

Inflation, rising living costs, and increased geopolitical tensions have been omnipresent in the news for the last few years, but the wealthy have had enough of the doom and gloom, according to Julius Baer?s Global Wealth & Lifestyle Report 2024. By analysing the relative changes in cost of a basket of goods and services, the report tracks the price of ?living well? in 25 prime global cities. This allows for two things: for residents of those cities to compare the respective lifestyle expenses, and for travellers to evaluate the affordability of various destinations.
This year?s principal finding is that, despite continued price increases, the wealthy are indulging in a new lifestyle boom as demand for leisure travel, fine dining, and luxury hotels across all regions featured surged in 2023, despite rising costs. As inflation rates have normalised over the past 12 months, the overall average price of the index ...