Where the rich are placing their housing bets
The super-wealthy are discovering a new crop of property hotspots in city, sun and ski belts across the globe, with Cape Town jostling for position
02 May 2024 - 05:02
The sharp uptick in global interest rates may have curbed wealthy investors’ appetite for second homes in recent years, but owning a pied-à-terre on the French Riviera or a ski chalet on the slopes of Colorado’s Aspen Mountain remains very much in vogue.
In fact, real estate experts expect demand for trophy homes to increase notably over the next 12 months as central banks across the globe start cutting rates. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.