Shared Splendor: Pacaso’s Survey Reveals the Mainstreaming of Co-Owned Luxury Homes in America The American dream of owning a second home is undergoing a profound evolution. Once the preserve of the ultra-wealthy—or of families willing to shoulder decades of debt and the never-ending hassle of upkeep—vacation home ownership is now being redefined for the modern … Read more
Location is the most important factor in the purchasing decision for second homeowners (67%) and aspiring homeowners (70%) when buying a second home. 64% of Buyers Desire to Travel Four Hours or Less to Their Second Home. 71% of buyers plan to visit their second home less than 7x per year. Pacaso, a technology-enabled real … Read more
The Concept of the ‘Second Home’ is Undergoing a Rapid Transformation. Pandemic lockdowns, dramatically reduced travel, changing work requirements—as well as a renewed focus on the value of ‘home’ – prompted many HNWIs to review their real estate priorities over the past 18 months. As a result, the concept of the ‘second home’ is undergoing … Read more
Investing in a second home is only the beginning. After acquiring the house, you have to think about when you will use it, whether you want to earn residual income by renting it out, and the kind of growth in value that you want in return for the investment. More importantly, you must maintain the … Read more
The 500,000 sqm luxury development will be located in Bosnia within a stunning forest just 30 minutes from the country’s capital, Sarajevo. Named Sidra, meaning life among the forests, the 500,000 sqm development will be surrounded by 20,000 native trees and is the largest single real estate project in Bosnia. It will offer a … Read more
The Jersey Shore, Bend, OR, Cape Cod and other vacation destinations are heating up as the coronavirus drives New Yorkers and San Franciscans to relocate. Resort Towns Are Becoming Permanent Destinations for Homebuyers Fleeing Big Cities During the Pandemic Popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and … Read more