Miami emerged as the top city for ultra-high-net-worth individuals purchasing second homes in 2025, with notable growth in interest for Lisbon, Dubai, and Naples. The Altrata report ranks cities based on the number of buyers with net worths of at least $30 million. The findings highlight a shift where second homes are viewed as strategic assets for legal, tax, and investment purposes rather than just vacation properties. This trend reflects a diversification in property locations and intended uses among the ultrawealthy.
The Altrata report revealed how the rich use second homes for security, strategy, and mobility.
Increasingly, ultra-high-net-worth individuals are using real estate as a leveraged asset to gain legal footholds in key jurisdictions.
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