It's time for the West to look East. Cities in Brazil, Russia, India and China are challenging the dominance of western cities.
Although New York and London are seen by high net worth individuals as the world's leading hubs over the next 10 years, emerging nation centres are fast catching up.
Mumbai's prominence as a future city increases by 118 per cent, Shanghai by 91 per cent, and Sao Paolo by 66 per cent, states the Knight Frank Global Cities Survey.
The three biggest winners point to a rebalancing within the Brazil, Russia, India and China (BRIC) grouping, with the main cities to watch being Mumbai, Moscow and Sao Paulo. They look set for a dramatic upswing in their status, with each expected to climb by between six and eight places over the next decade.