The ultra-wealthy love the US for second homes

  • Miami is well beyond a vacation community, and both locals and international buyers are steering toward the city
  • The US is the most popular market for second homes for the very well-heeled.
  • The report singles out Miami as popular market for multi-homers, especially for Latin Americans.

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In taking a look at what ultra-high net worth (UHNW) individuals look for in a second home, the Wealth-X and Sotheby’s International Realty UHNW Luxury Real Estate: Multi-Homers Report found that this high-class class of buyers look at properties with an eye to what many of the rest of us do. They want a fit with their personal and family needs, yet also look for environmental sustainability.