A press release discussing wealthy population home ownership reads, "Some of the main hubs for luxury residential real estate are New York City, London and Hong Kong, but niche locations – such as Lugano, the Hamptons outside New York City, and rural areas around the world – are gaining in popularity.
'We know that some secondary markets have become a primary focus for many savvy overseas investors – they target and help to create the next global cities,' says Dean Jones, President and CEO of Seattle-based Realogics Sotheby’s International Realty. 'The Seattle/Bellevue metro area has gained favor as a destination for UHNW, especially those from Mainland China. They prefer the close proximity to Asia, relative affordability compared with other top-tier cities and a high quality of life without a state income tax.'”