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“They now realise, Let’s really prepare an emergency plan. That is why we have seen a surge now, not only in the investigation but also in families who actually register and say, ‘Let’s start the process’,” said Dominic Volek of Henley and Partners to Bloomberg.
Nadine Goldfoot, Managing Partner at Fragomen, told Bloomberg that the pandemic has encouraged HNWis to take swift action. Other countries, such as Portugal, are also popular because the real estate market is fairly stable, and Americans are creating a safe zone where insecurities can be managed.