Monday, September 19, 2011

France - where the wealthy want to buy second homes


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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