Friday, February 20, 2015

The big spenders in real estate

The rich and super rich like to invest in real estate. They have normally more than four properties and at least two of them are vacation retreats. A very interesting point is that the primary residence of these superrich are not the biggest and most expensive that they own. Their vacation hideaways are often more luxurious and bigger and also more expensive.

These vacation homes are sitting on huge lots and often have twice the size of the primary residence. The most important decision-making point for these mansions is their hobby or a specific passion.

The superrich who reside outside the United States prefer to buy properties in the United States, the United Kingdom, Switzerland and France. Only one third of the United States superrich people purchase property abroad. In case they do so they choose countries like the United Kingdom, Switzerland, Australia and France.

Florida with its exquisite and luxurious mansions is also a preferred location for this property owner segment.
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