Despite Brexit and Trump, London and New York real estate will remain a safe deposit box for transnational wealth elites

The flow of money from the super-rich or wealth elites into real estate in global cities like London and New York have left analysts wondering whether this is a temporary surge or a deeper transformation of real estate markets. The rebellion against globalization, illustrated by Brexit and the election of Donald Trump, makes this an even more pressing issue. Rodrigo Fernandez, Annelore Hofman and Manuel B. Aalbers argue that to understand the geography of wealth elites, we need to look at the underlying mechanisms of global inequality, such offshore finance and the role of global cities as real estate investment locations.