May 8, 2015
Favorite Cities Of The Super Rich
By Kenneth Rapoza
Multi-millionaires have their pick of the litter. They can live in the world’s most expensive cities, like Monte Carlo, and have a second home in Miami. It’s almost too easy. For real estate investors looking to tap into the hottest real estate markets in the world, luxury real estate consultancy Knight Frank says these are the cities of choice for the Gatsby in us all.
No. 6 Miami
Miami is being bought up by foreigners even as the general American population in and around the city are recovering from foreclosure. Miami will fall off the list in 10 years, replaced by Asian cities. But it will still be a favorite among rich Latin Americans who consider it second only to New York as the world’s most important city. Viva el Gatsby Latino!