Millionaires of India preferring to buy second home in global financial centres
India’s multi-millionaires prefer to buy their second homes in leading global financial centres, including London, New York and Singapore, says a report. According to a report by New World Wealth, the bulk of London’s second home buyers come from the rest of the UK and Europe and a substantial number also came from China, India, Russia and the Middle East.
As many as 22,300 multi-millionaires own a second home in London. This is in addition to the 9,700 resident multi-millionaires living there. New York City is in second place with 17,400 multi millionaires owing a second home.
According to the report, there are currently just over 13 million dollar millionaires in the world (as of June 2014) and round 495,000 of these individuals can be classified as multi-millionaires. Other notable hotspots with 1,000 or more multi -millionaires with second homes include Las Vegas (USA), Lake Como (Italy), Aspen (USA), Pebble Beach, Monterey (USA), San Diego (USA), Cannes (France) and St Tropez (France).
Meanwhile, the top 30 cities in the world for resident multi-millionaires is topped by Hong Kong (15,400) followed by New York City (14,300) and London (9,700) respectively. Mumbai is the only city on the list which was ranked in the 24th position and is home to 2,700 multi-millionaires.
Source: Zee News
