For high-net-worth individuals, travel is an important part of life. Whether it’s for work or pleasure, seeing the world is one of the many benefits of having wealth and can be a great way to spend your time.
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While staying in hotels or with friends is always an option, sometimes it’s useful to have a property in a city or area that you visit regularly. If you own a home there, you can keep everything you need in the property and come back to a relaxing space that’s tailored to your tastes after a busy day.
It might become a primary residence, or it could simply be a home away from home for when you need it. Whatever your decision and however you use your property, the location is the most important factor to consider.
After all, you can change almost every other aspect of the property except for its location. So, the first and most important choice you have to make is where to look for a new home.
If you’re thinking about expanding your property portfolio, then here are some of the best cities around the world that high-net-worth individuals looking to buy a new home should consider.
New York
The Big Apple is the bustling hub of North America, featuring some of the world’s leading sports teams, greatest artists, leading business minds and more. So, if you want to be where the action is, then owning a property in New York could be the ideal solution.
The city is primarily made up of apartments or brownstone houses and has some incredible buildings, so you can find one that will suit your needs and be a breathtakingly beautiful addition to your property collection.
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Luxury real estate: Las Vegas
Las Vegas is a stunning city that’s full of incredible entertainment venues and unique experiences. For high-net-worth individuals looking for a new home, Vegas can be a perfect destination for either a permanent home or a unique second home.
If you’re considering buying a property in or around this exhilarating city, then you’ll need to find an experienced Las Vegas Realtor. The Robert Little Group has extensive experience selling a wide range of homes in and around Vegas, so they could be the ideal choice to help you find your dream property.
London
One of the leading banking and financial hubs in the UK, London is a diverse and innovative city that makes for the perfect base for anyone who wants to spend time in England. The city’s a great place to shop, learn and generally spend time, with amazing museums, shops and galleries.
With a direct train line to Paris and several airports, London is also ideal for those who want to stay connected with mainland Europe and the rest of the world. Real estate in the city is expensive, especially if you choose a central location, but proximity to so many incredible experiences is definitely worth the price.
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Luxury real estate: Zurich
Zurich is one of the top cities in the world for high-net-worth individuals, thanks to its world-class education facilities, extensive business hubs and amazing luxurious boutiques and eateries.
The city is also a stunning place to spend time in and contains a wide range of luxury properties. With ski resorts and mountains nearby, as well as all the modern amenities you could ever need, there’s something for everyone in Zurich.
Photo by Henrique Ferreira on Unsplash
Luxury real estate: Paris
Paris is often thought of as the epitome of luxury, and with good reason. The city is home to some of the world’s leading luxury fashion houses and has always been a byword for style. So, if you love dressing well and enjoying the finer things in life, then Paris is a great place to spend time.
Set in the heart of France and with great transport throughout Europe, Paris is an ideal location for those who want to enjoy luxury and travel when needed.
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Dubai
A stunning desert oasis, Dubai is home to some of the largest and most spectacular architecture in the world. It is also a hub for billionaires who want to enjoy the high-tech, ultra-modern amenities and luxury experience that the city has to offer.
If you’re a fan of high-specification living and need to stay connected at all times, then you should definitely explore the properties on offer in Dubai.
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Rome
For anyone who loves history, architecture and art, Rome is a dream holiday destination. If you enjoy visiting the city regularly, then you could consider buying a property in or around Rome.
Rome is a sumptuous city filled with classic architecture that was built to last by one of the world’s greatest civilisations, so you know if you decide to buy a property in the city, you’ll be buying a slice of European history.
Photo by Carlos Ibáñez on Unsplash
Luxury real estate: Singapore
Asia is a rapidly growing business market, so for entrepreneurs and investors, having a base in Singapore can be an ideal solution for when they need to do business in the region. Singapore is one of the most expensive cities to live in worldwide, but the city also boasts stunning properties and an incredible nightlife.
So, if you want to spend time in a thriving business community, and don’t mind spending plenty of money for the privilege, then owning a property in Singapore could be a perfect choice.
Photo by Swapnil Bapat on Unsplash
Summary
For high-net-worth individuals, finding the right property where you can make the most of your money and enjoy the life you’ve always wanted requires extensive planning. Start your journey to finding your next luxury home by using this list to narrow down your search and choose your dream location. Once you’ve found the perfect city to live in or near, you can start to explore properties and choose the perfect option that meets your needs.
The type of property and city you choose depends on whether you want it to be your primary residence or a second home for fun family getaways and city breaks. Whatever you need, this list should help you to find the perfect city for you.
Top photo by Florian Wehde on Unsplash
I am a 50-something Torontonian who loves everything about my city. It’s been my home, my playground, for my entire life. I went to school here. I met my wife here. I own real estate here. I love writing about the transformation of my city on the world stage, which hasn’t been anything short of dramatic. That continues on, as I write this. I write on the real estate scene. I write on travel and fashion. I like following the world of luxury watches.
But I love writing about cars – check that, luxury cars, a level of superior, engineering sophistication, high performance and style, that transports you not just from one destination to another but also out of whatever you are going through on a particular day, whatever mood you are in, all to another head space. It’s complete and total exhilaration, head to toe.
Check out my stories, and email me direct at mkeast@regardingluxury.com
