Tuesday
October 21, 2014

Where Rich Americans Have Their Eye on Real Estate

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Where Rich Americans Have Their Eye on Real Estate

Home values internationally climbed 8.4 percent last year, marking the highest annual gain since 1995, according to the Knight Frank Global House Price Index. 

With more high-net-worth individuals in the United States viewing foreign property as wise investments, Alexa Luxe Living determined the 20 hottest real estate destinations across the globe. The top destinations are:

  1. Monaco
    The penthouse in the Tour Odéon Monaco — the most expensive tower in the world — could be priced at more than $350 million.
  2. Anguilla
    Villas in the Viceroy are priced as high as $6.5 million.
  3. Antigua
    Estate homes in Jumby Bay range from $7 million to $30 million.
  4. Argentina
    Undeveloped ranches in Patagonia start at $1 million.
  5. Tel Aviv
    A penthouse in Meier on Rothschild sells for $51.5 million.
  6. Zambia
    Farms and lodges sell for $130 to $2,500 per acre.
  7. London
    Units in One Hyde Park go for $10 million to $33 million. 

Other luxury international locales on the list include San Miguel, Tuscany, Paris, St. Barts, the Bahamas, Dubai, Singapore, and Panama. Several U.S. markets also made the list:

  1. Charleston, S.C.
    Where prices exceed $10 million
  2. Vail, Colo.
    Where units in the Ritz-Carlton Residences go for $2.3 million to $9.5 million
  3. Kauai
    Where units in the Kukui’ula development range from $2.5 million to $8 million
  4. Los Angeles
    Where units in the Ritz-Carlton Residences can be had for up to $4 million
  5. Jackson Hole, Wyo.
    Where homes in the Snake River Sporting Club sell for as much as $6.5 million

Source: "The 20 Hottest Real Estate Spots in the World," New York Post (April 8, 2014)

Copyright © 2014 Information Inc.

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