Sunday 23 April 2023

The 27 most popular places around the world where the ultra-wealthy are snapping up second homes

Cannes, France
Cannes in France is in 15th place on our list.
  • Over 700 "centi-millionaires" live in Miami and The Hamptons during peak holiday months. 
  • That's according to Henley & Partners' latest report measuring the world's wealthiest cities. 
  • From South Africa to Italy, see 27 places around the world attracting affluent seasonal residents.

During peak holiday months, coastal and mountain towns around the world are flooded with hundreds of wealthy residents who own second homes. 

There's no better example than The Hamptons, a collection of seaside villages popular among affluent New Yorkers.

Year-round, the community is home to 25 residents worth more than $100 million each. Come summertime, that number skyrockets to over 700, according to the latest wealth report from London-based consulting firm Henley & Partners.

In its report, the consulting firm also found that there are now 9,630 "centi-millionaires" living in the United States.

Using data from global intelligence firm New World Wealth, the report ranks 27 seasonal hotspots worldwide with the most "centi-millionaire" residents, defined as individuals with investable wealth of $100 million or more.

The data compares the number of primary residents to seasonal homeowners during peak holiday months, which varies by location.

From beach towns in California and Portugal to mountain retreats in Switzerland and Colorado, these are the world's top 27 seasonal destinations where millionaires are snapping up second homes.

1. Miami, Florida
Miami Beach Florida beach white sand ocean

Number of primary centi-millionaire residents: 160

Number of centi-millionaire residents during peak holiday months: 800+

2. The Hamptons, New York
Birds eye view of Hamptons house

Number of primary centi-millionaire residents: 25

Number of centi-millionaire residents during peak holiday months: 700+

3. West Palm Beach, Florida
West Palm Beach Aerial Beach Florida

Number of primary centi-millionaire residents: 64

Number of centi-millionaire residents during peak holiday months: 400+

4. Paris, France
The Eiffel Tower, lit up against the night sky

Number of primary centi-millionaire residents: 126

Number of centi-millionaire residents during peak holiday months: 300+

5. Santa Barbara & Montecito, California
Santa Barbara

Number of primary centi-millionaire residents: 82

Number of centi-millionaire residents during peak holiday months: 200+

6. San Diego, California
Marine Street Beach, San Diego

Number of primary centi-millionaire residents: 70

Number of centi-millionaire residents during peak holiday months: 200+

7. Nice, France
Nice, France

Number of primary centi-millionaire residents: 60 

Number of centi-millionaire residents during peak holiday months: 200+

8. Napa, California
Napa, california

Number of primary centi-millionaire residents: 28

Number of centi-millionaire residents during peak holiday months: 200+

9. Golden Triangle (Algarve), Portugal
Algarve, Portugal

Number of primary centi-millionaire residents: 20

Number of centi-millionaire residents during peak holiday months: 200+

10. Aspen, Colorado
A view of Aspen, Colorado.

Number of primary centi-millionaire residents: 6

Number of centi-millionaire residents during peak holiday months: 200+

11. Carmel-by-the-Sea, California
Carmel by the sea, California

Number of primary centi-millionaire residents: 40

Number of centi-millionaire residents during peak holiday months: 150+

12. Boca Raton, Florida
Boca Raton, Florida

Number of primary centi-millionaire residents: 38

Number of centi-millionaire residents during peak holiday months: 150+

13. Lisbon, Portugal
Lisbon

Number of primary centi-millionaire residents: 35

Number of centi-millionaire residents during peak holiday months: 150+

14. Lugano, Switzerland
Lugano, Switzerland

Number of primary centi-millionaire residents: 30

Number of centi-millionaire residents during peak holiday months: 150+

15. Cannes, France
Cannes, France

Number of primary centi-millionaire residents: 20

Number of centi-millionaire residents during peak holiday months: 150+

16. Antibes, France
Antibes, France

Number of primary centi-millionaire residents: 18

Number of centi-millionaire residents during peak holiday months: 150+

17. Jackson Hole, Wyoming
Jackson Hole, Welcome sign

Number of primary centi-millionaire residents: 10

Number of centi-millionaire residents during peak holiday months: 150+

18. Cape Town, South Africa
Cape Town, South Africa

Number of primary centi-millionaire residents: 26

Number of centi-millionaire residents during peak holiday months: 100+

19. Naples, Florida
Naples, Florida

Number of primary centi-millionaire residents: 24

Number of centi-millionaire residents during peak holiday months: 100+

20. Lake Como, Italy
Coast of Lake Como, Italy.

Number of primary centi-millionaire residents: 15

Number of centi-millionaire residents during peak holiday months: 100+

21. Villefranche-sur-Mer, France
Villefranche-sur-Mer, France

Number of primary centi-millionaire residents: 14

Number of centi-millionaire residents during peak holiday months: 100+

22. Saint-Jean-Cap-Ferrat, France
Saint Jean Cap Ferrat, France

Number of primary centi-millionaire residents: 12

Number of centi-millionaire residents during peak holiday months: 100+

23. Saint Tropez, France
Saint Tropez, France

Number of primary centi-millionaire residents: 11

Number of centi-millionaire residents during peak holiday months: 100+

24. Sanremo, Italy
Sanremo, Italy

Number of primary centi-millionaire residents: 8

Number of centi-millionaire residents during peak holiday months: 100+

25. Park City, Utah
Park City, Utah

Number of primary centi-millionaire residents: 8

Number of centi-millionaire residents during peak holiday months: 100+

26. Porto Cervo, Italy
Porto Cervo, Italy

Number of primary centi-millionaire residents: 6

Number of centi-millionaire residents during peak holiday months: 100+

27. Vail, Colorado
Downtown Vail Colorado at dusk

Number of primary centi-millionaire residents: 3

Number of centi-millionaire residents during peak holiday months: 100+

Read the original article on Business Insider


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