3 Places That Will Be Hotspots for Luxury Homebuyers in 2025

Gabrielle Olya
·3-min read
DieterMeyrl / Getty Images
DieterMeyrl / Getty Images

While many people are seeking out places with affordable housing, the ultra-wealthy have different priorities when looking for a place to call home (or second home). According to the Coldwell Banker Global Luxury 2025 Trend Report, high-net-worth individuals (HNWs) are looking to relocate to places that offer lower taxes, economic opportunity, a desirable lifestyle and culture, pleasant climate and value for the money.

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“The trend cities we identified point to a modern, ethnically diverse, multi-generational group of HNWs, spanning a broad range of wealth tiers,” said Winston Chesterfield, founder of the luxury consulting firm Barton, in the report. “Most of these individuals are highly mobile and have their choice of locations. The greater their wealth, the more likely that they are not bound to one location.

“They desire greater personal freedom and have less tolerance for government interference,” he continued. “They wish to live their best lives now and make the best use of their wealth in more dynamic ways, not having it consumed by unnecessary costs of living or taxes. They also have a strong consideration for how comfortable and leisurely their lives, and the lives of those they love, can be.”

Based on these priorities, these are the top places expected to be hotspots for luxury homebuyers in 2025.

Dubai

Luxury homebuyers will be flocking to Dubai because it is a “stable yet dynamic economy.”

“Locations with business-friendly policies, transparent regulations and robust infrastructure create environments where wealth can flourish,” the report states. “Cities like Dubai illustrate this, offering a pro-business environment with minimal bureaucracy, cutting-edge infrastructure, and an ecosystem that supports entrepreneurship and innovation.”

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Miami

Miami checks nearly all the boxes that wealthy individuals are looking for — it has low taxes, safety and freedom, economic opportunity, a desirable lifestyle and culture, and a pleasant climate.

“Miami attracts global elites with events like Art Basel, a diverse culinary scene and a cosmopolitan population,” the report states.

Singapore

Singapore boasts low taxes, safety and freedom, economic opportunity, and thriving lifestyle and cultural options.

“Singapore offers access to the rapidly growing Asia-Pacific and Middle Eastern markets, and enables individuals to leverage robust trade networks and region-specific investment opportunities,” the report states.

Other Luxury Hotspots

According to the report, there are a few other markets that the rich will likely be flocking to in 2025: Lisbon, Portugal; Melbourne, Australia; Austin, Texas; West Palm Beach, Florida; Scottsdale, Arizona; and Houston.

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This article originally appeared on GOBankingRates.com: 3 Places That Will Be Hotspots for Luxury Homebuyers in 2025

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