27.05.2021 – 12:11
Luxury Portfolio International (LPI)
London (ots/PRNewswire)
A comprehensive study of the world’s wealthiest households by Luxury Portfolio International® (LPI), the luxury arm of Leading Real Estate Companies of the World®, the largest global network of residential real estate companies, shows Hawaii is the top destination among international luxury home buyers is, with one in five (20%) seeking a residence in tropical Aloha State.
It is the most popular travel destination, being the continental United States (8%), France (6%), China (6%), New Zealand (5%), Mexico (4%), Greece (3%) and Canada (3% ) complete the top destinations worldwide.
From a regional perspective, with Hawaii exponentially the most sought-after travel destination, the US / America & Caribbean account for 37% of the interest from international buyers, followed by Europe and the Middle East with 29% and Asia with 18%.
Mickey Alam Khan, President of Luxury Portfolio International, commented, “Hawaii tops the list for international property purchases. Our report shows wealthy buyers are looking for regions that meet their needs – good entertainment, investment opportunities and lifestyle enrichment. ”
The new study showed that the median planned spend by luxury buyers on their next home is $ 2.75 million, with 28% of buyers spending $ 5 million and up. The main reason for buying abroad is the better quality of life (75%), followed by the investment potential of owning in the chosen country (69%). More than half (58%) choose locations that offer them flexibility that they may not currently enjoy, such as B. Real estate or a second passport.
The research found that proximity to city or suburbs is less important for international buyers of luxury real estate. These consumers are most interested in homes close to nature, by the sea, or in a vacation resort, with a lake or river view being considered the most attractive.
The wish list of the international buyers of luxury real estate for their new home corresponds to the modern needs for working, living and playing at home, which were exacerbated by the pandemic of the last 12 months. At the top of the list are excellent broadband speeds and space, as well as quality leisure and entertainment facilities.
Investment properties are one of the most popular reasons to buy a home (27%), as is a vacation home. Buyers have also indicated that they are most interested in a single family home that is relatively new – preferably built within the last five years.
The full press release can be found here: https://www.luxuryportfolio.com/press
The detailed report here: https://www.luxuryportfolio.com/reports
Photo – https://mma.prnewswire.com/media/1519252/Kauai_Estate.jpg
Press contact:
EMEA: Fiona Harris
Manager
Relevance International
[email protected]
+44 7774 678338. North and South AmericaIsrael Kreps
President & CEO
Kreps PR & [email protected]
786.374.3434. Caroline Underwood
Senior Vice President
Kreps PR & [email protected]
305.588.7108
Original content from: Luxury Portfolio International (LPI), transmitted by news aktuell
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