A 2025 report highlights Miami as the top city for second homes among ultra-high-net-worth individuals, with emerging hotspots like Lisbon, Dubai, and Geneva gaining popularity. Many buyers view second homes as multi-purpose assets for lifestyle, wealth protection, and flexibility, not just vacation spots. Cities like Naples, Aspen, and Lisbon have high concentrations of second-home ownership, while London's enduring appeal persists despite increased taxes. Luxury in 2025 emphasizes freedom, intergenerational wealth planning, and seamless movement across borders, reflecting a shift from traditional notions of opulence to functional and strategic assets.

Tea-tree-scented steam from her husband’s morning shower still lingered in the air when Ashley Bugge’s phone rang.Bugge was getting her two toddlers ready for a grocery store run. Six months pregnant, she moved slowly as she sifted through the jumble of keys, snacks and plastic toys in her ba...