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The successful summer luxury mansion market

Show light - BARNES Agency, luxury real estate in Barcelona

It is estimated that there are more than 20 million millionaires worldwide; more than 200,000 people with a wealth over 30 million dollars and more than 2,200 billionaires who, when the summer comes, also need a rest under the sun. Enjoying their art collections or vintage car collection, or a dinner with friends. And what better place to celebrate all these events than in their summer luxury mansions.

According to recent studies, the number of big fortunes worldwide will grow by 22% over the next five years. Europe is the region that concentrates the largest number of millionaires in the world, although forecasts suggest that it will soon be surpassed by China. All this shows the good health of the luxury sector in general, and the summer luxury mansion market in particular.

Germany, the United Kingdom, France and Switzerland are the countries with the greatest number of large fortunes that usually opt for the French Riviera, the Italian Riviera and the Mediterranean islands to buy their summer house. Middle East millionaires, who love to moor their yachts in exclusive marinas, choose especially west of the Mediterranean or in front of the famous French beaches.

North Americans often opt for the Caribbean islands of Bahamas, Turks and Caicos or Barbados, in addition to the Hamptons, a destination that, just two hours from Manhattan, becomes a summer meeting point for the New York jet set. In the Mediterranean, the most exclusive destination for a second residence for prime asset prices is the French Riviera.