Just read another decent bit of research from the Global Briefing team at Knight Frank - "Where the wealthy want to buy their second homes" - you can see the whole paper here.
In terms of countries, France was the most popular second-home choice, accounting for almost a quarter of the properties in the survey respondents' portfolios. This popularity can be explained by the country's many second-home options across all location types. France was the most popular or second-most popular choice in all categories.
Rank | City | Coastal | Rural | Ski |
1 | UK | France | UK | France |
2 | France | Spain | France | Switzerland |
3 | US | US | Italy | US |
4 | Switzerland | Italy | US | Italy |
5 | Italy | Caribbean | Ireland | Canada |
They say that when investing in property you should always go for the best location you can afford and with an average property price outside Paris of €163,000 it looks like that location isn't just for the uber-wealthy clients of Knight Frank.
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