Property investors to use space travel

The world’s wealthiest people may start using suborbital space travel — pioneered by investors such as Richard Branson — to cut travel times and expand their property empires, according to Knight Frank.

More than 70 individuals with a combined wealth of $200bn (€145bn) are investing in space projects including travel, Knight Frank said ahead of its release of The Wealth Report 2014 on Wednesday.

A suborbital trip from London to Sydney will take about two hours and 12 minutes or one-tenth the time of flying by plane.