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Women Increasingly a Buying Force Behind Second Homes

Written by Halogen Guides Staff 07/18/2007
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Herald tribune articleAnyone who thinks that it’s just wealthy housewives deciding what to do with their husbands’ money should consider this fact: more and more, it’s younger and single women who are leading the trend of second home ownership, according to an article by Andrea Vaucher in the International Herald Tribune.

A Sense of Adventure and Sensibility

According to Vaucher this demographic seeks more adventurous choices in second homes, towards destinations with compelling outdoor activities or in more exotic cultural destinations. Private residence clubs in Tuscany like Palazzo Tornabuoni in Florence and Castello di Casole outside Siena have attracted independent female buyers keen on taking in la dolce vita of Italy.

Private residence clubs like the Cliffs in the Carolina Blue Ridge Mountains and the Residences at the Chateaux in Deer Valley have additionally wooed buyers with the promise of an active sporting life. The fractional model has played a part in this boom of younger, independent female buyers, who can afford to buy into exclusive real estate.

For an in depth analysis of private residence clubs, download Helium Report’s comprehensive guide to the industry. For a complete listing of over 150 fractional real estate options sorted by geographic region, search Helium Report’s directory of private residence clubs.

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