4. Second Homes
Forbes Global Properties: Year-End Market Perspectives
Sea View Villa in Benicassim, Castellon, Spain. Rimontgo.
as HNWIs began to prioritize lifestyle over location. “Living in the mountains for short or even longer stays is becoming increasingly popular among people living in cities and denser areas,” observed Quentin Epiney of FGP Swiss & Alps in Switzerland. “Some of them have purchased a second home in the Swiss Alps, opting to either split time at or use the snow-covered peaks as their main residence.” “Young families wanted to invest in a year-round mountain lifestyle: remote work and distance learning made that possible,” concurred Jeff Brown of Tahoe Mountain Realty in Lake Tahoe, California. “2020 was an extraordinary year in which waves of consumers moved to Tahoe on a primary basis,” he said, adding that 2021 saw a slight regression as schools and offices have opened back up. “Now that many can work from anywhere, buyers are leaving their metropolitan lifestyles for mountain town living, a place where they can spend time outdoors and meet their needs a little closer to home,”
concurred Matt Fitzgerald of Slifer Smith & Frampton Real Estate in the Colorado mountain resort area of Vail. “Many of these purchases would have once been considered “second homes’’ but are now becoming primary residences and people move here semi-full time.”
“Many of these purchases would have once been considered ‘second homes’ but are now becoming primary residences.” –Matt Fitzgerald of Slifer Smith & Frampton Real Estate
In warmer weather regions like the Bahamas: “The rise of Covid-19 compelled many second or third home buyers to consider moving to our islands permanently,” said Ryan Knowles of Maison Bahamas, adding that the bulk of these buyers came from the Northeastern parts of the U.S. and Canada. Similarly, in Hawai’i: “We’re seeing many high-networth individuals purchasing homes intending
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