Unprecedented Demand for Second Homes Boosts Interest in Resort Markets
The latest report from Luxury Portfolio International® finds ultra-high-net-worth investing more aggressively
By: Lion & Orb
The Allure of the Second Home reveals that the potential for luxury property has never been bigger. Just in the last four years, personal wealth globally has grown by 15% and the number of high-net-worth-
"Today's affluent second home buyers have more assets than in the past, they are younger, with nearly half under 40 years, and they are experienced with home ownership," said Stephanie Anton, president of Luxury Portfolio International®
Beyond physical and emotional wellness, which most affluent consumers focus on, luxury second home buyers are especially keen to improve their intellectual, social and even spiritual wellness, with 96% taking at least one aspect of wellness seriously. Learn more about how luxury developers are keeping this in mind to differentiate themselves in the full report.
About Luxury Portfolio International ® (LPI)
LPI (http://luxuryportfolio.com) is the luxury marketing division of Leading Real Estate Companies of the World®, the largest global network of premier locally branded firms dominated by many of the world's most powerful, independent luxury brands. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™