Where do the ultra rich live?

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This Sotheby’s International Realty  Top cities for the ultra rich report looked at the property (ies) owned by ultra high net worth individuals, defined as those with a net worth of at least $30 million.

Where do they live? New York, London and Hong Kong are the top three.

According to SIR: “good security, transparent legal systems and access to high-quality educational institutions are among the primary factors driving UHNW individuals’ real-estate decisions.”

Clearly such buyers are not influenced by the success of their local sports teams. If they were, Boston would have to be top of the list, not New York.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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