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Research

BRIC affluent buy 12pc of secondary homes abroad: report

August 13, 2015

Properties adjacent to New York's Central Park; image courtesy of Sotheby's Properties adjacent to New York's Central Park; image courtesy of Sotheby's

 

By Sarah Jones

Most ultra-high-net-worth consumers make investments in residential real estate, with 79 percent owning at least two homes, but for those in emerging markets, these property purchases are often for more than pleasure, according to a new report from Wealth-X and Sotheby’s International Realty.

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  1. David Yurman selects finalists for inaugural $50K design grant
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  3. Ralph Lauren turns to TV to spotlight Olympic fashion
  4. Italy’s Pratesi seeks return to old splendor as linens purveyor to the affluent
  5. Armani faces $4M fine from Italian Competition Authority
  6. The rising risk of ‘superfakes’ and strategies to protect luxury brands
  7. Perigold, Olivia Palermo announce design partnership
  8. Cartier expands Clash collection
  9. Qatar Airways, Art Basel kick off partnership in Doha
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