AsiaNet 89751

LONDON, May 27, 2021 /PRNewswire=KYODO JBN/ --

A comprehensive study of the world's most affluent households by Luxury

Portfolio International(TM)[ https://luxuryportfolio.com/ ] (LPI), the luxury

arm of Leading Real Estate Companies of the World(TM),[

https://www.leadingre.com/ ] the largest global network of residential real

estate firms, reveals Hawaii is the top destination among international luxury

homebuyers, with one in five (20%) seeking a residence in the tropical Aloha

State.

Contemporary Kauai Estate, represented by Hawaii Life Real Estate Brokers, a

member of Luxury Portfolio International, luxuryportfolio.com, MLS 640219

It is the most popular destination, with the continental United States (8%),

France (6%), China (6%), New Zealand (5%), Mexico (4%), Greece (3%) and Canada

(3%) completing the top destinations globally.

From a regional standpoint, with Hawaii as exponentially the most desired

destination, the U.S./Americas & Caribbean account for 37% of the interest from

international buyers, followed by Europe and the Middle East at 29%, and Asia

at 18%.

Mickey Alam Khan, President of Luxury Portfolio International commented,

"Hawaii tops the list for international property purchases. Our report shows

affluent buyers are interested in regions which provide for their needs - great

entertainment as well as investment opportunity and lifestyle enrichment.''

The new study showed the median projected spend of luxury buyers for their next

home is $2.75 million, with 28% spending U.S. $5 million-plus. The primary

reason for purchasing overseas is a better quality of life (75%), followed by

the investment potential from owning in the chosen country (69%). More than

half (58%) are opting for locations which offer flexibility they may not

currently enjoy, such as land ownership or a second passport.  

The research revealed proximity to city or town neighborhoods is less important

for international luxury homebuyers. These consumers are most interested in

homes close to nature, by the ocean, or in a resort community, with a lake or

river view considered the most attractive.

International luxury home buyers' wish list for their new home matches modern

needs for working, living and playing at home, heightened by the pandemic over

last 12 months. Top of the list is excellent broadband speed and plenty of

space as well as good quality leisure and entertainment facilities.

Investment properties are among the most popular reasons for purchasing a home

(27%) as well as a holiday residence. Buyers have also indicated they are most

interested in a single-family residence which is relatively new - preferably

built within the past five years.

Full press release here: https://www.luxuryportfolio.com/press

Full report here:  https://www.luxuryportfolio.com/reports

Photo - https://mma.prnewswire.com/media/1519252/Kauai_Estate.jpg

Source: Luxury Portfolio International (LPI)