The global market for second homes has changed significantly over the past ten years, say Savills and HomeAway, with buyers now prioritising rental income over the luxury of buying exclusively for their own use
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"The second home market has changed significantly over the last decade," says Savills. "Once a discretionary purchase primarily for own use, today’s global market is driven by income returns."
There's a new breed of affluent home-buyer, declares Luxury Portfolio after looking at some demographics and research findings on the world's super-rich.