London among the most expensive cities for the super-rich

The UK has overtaken Hong Kong and is now the second most expensive city in the world for ultra-net worth individuals after Singapore, according to an annual ranking by Julius Baer. Researchers from the Swiss bank said that London has managed to “hold its position as one of the most appealing global cities for the wealthy,” despite the Government introducing tax raids including the abolition of non-domiciled residency status and changes to inheritance tax.