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The most popular cities to buy real estate from tycoons

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The most popular cities to buy real estate from tycoons

OUR NY This is the most popular destination for tycoons looking to buy property, according to a new report from Altrata.

A total of 21,714 ultra-high net worth (UHNW) people — worth more than $30 million — own either primary or secondary residence in the Big Apple, the report said.

London and Hong Kong follow with 15,907 and 15,175 super-rich properties respectively.

The most popular cities for buying real estate from magnates-1
Top 10 cities to buy real estate from tycoons

Residents of Monaco are likely to have a very wealthy neighbor: one in 39 UHNWs owns a residence in the principality.

In the United States, Aspen has the highest concentration of super-wealthy real estate, with 1 in 67 invested there, and in the mountain resort of Colorado, the population density of the super-rich is almost 15 times that of New York City.

The list of top destinations to live in is dominated by American cities, with just 14 out of 20. According to the report, this reflects, among other things, the geographic and business diversity that the country offers.

“These qualities provide significant flexibility for wealthy people who are looking for a second home to stay in the country rather than looking abroad. And this reflects a broader trend in the United States in recent years towards migration to small towns.

Source: Bloomberg.

Author: newsroom

Source: Kathimerini

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