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BRIC affluent buy 12pc of secondary homes abroad: report

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

 

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.