Top Cities for Ultra-Wealthy Second Home Purchases

For individuals with a net worth of $30 million or more, the choice of a second home is evolving. Traditional luxury hotspots like Monaco and Saint-Tropez are facing competition from cities offering a blend of luxury, investment potential, and strategic advantages. According to Altrata's wealth analysis, the trend is shifting towards new destinations.

The study, based on data from Altrata's Wealth-X and RelSci databases, examined property records and networks of approximately 480,000 ultra-high-net-worth individuals worldwide. The data, current as of July 2025, focuses on privately owned secondary residences, excluding corporate holdings or primary homes. These second homes are seen as versatile assets, combining an upscale lifestyle with wealth preservation, tax diversification, and geopolitical flexibility.

Within the United States, Miami, New York, and Los Angeles lead the way as preferred destinations. Globally, London tops the list outside the US, followed by Beijing and Hong Kong. Dubai ranks in the top 10, attracting the ultra-wealthy due to its tax-friendly policies and residency programs.

Other notable cities include Naples, Florida, known for its high concentration of luxury secondary residences, and Lisbon, which has gained popularity among US buyers due to its cosmopolitan appeal and relatively affordable luxury housing. These locations offer a blend of lifestyle benefits and investment opportunities for the world's wealthiest individuals.