For UHNWIs, traditional homes are out

UHNWIs
UHNWIs

Ever sit at home eating peanut butter directly out of the jar with your finger pondering what type of home you’d want to buy if you had a zillion dollars? Wonder no more!

A new survey that sought to get into the minds of “ultra high net worth individuals” (lovingly referred to as “UHNWIs”) by Wealth-X and Sotheby’s International Realty can answer all of your most probing questions. The study questioned 211,000 fat cats with at least $30 million in net assets. Town and Country reports “shocking” findings:

– If one is good, many are better: Seventy-nine percent of one-percenters own multiple properties.

An eco-friendly home
An eco-friendly home

– The United States is the most popular destination for second home purchases followed by the United Kingdom and Switzerland.

A Swiss chalet
A Swiss chalet

– They like feeling special: UNHWI tend to have non-traditional home preferences such as, environmentally-friendly homes, high-tech homes, serviced apartments or private islands.

A high-tech home built into a hillside in Wotton-under-Edge. It is known as Swinhay House
A high-tech home built into a hillside in Wotton-under-Edge. It is known as Swinhay House

– The favorite areas for private island acquisitions are the Caribbean and Mediterranean, but many UHNWIs are cool with slumming it in Southeast Asia, Belize, the U.K. and even Canada.

A private island
A private island

– They are fine with going off the beaten path and straying from huge hubs like New York City, London and Hong Kong, with many forging to such “non-mainstream” places as Miami, Geneva, and true renegades, to Long Island!

A mansion on Long Island
A mansion on Long Island

The study points out that the average UHNW multi-homer is 63 years old, has a net worth of $165 million and is married.

The entire survey is available here.