By Emma Reynolds, Senior Contributor.
Luxury homeowners are treating second, third and fourth homes as extensions of their primary residences, and buyers are remapping where they invest in real estate. Guided by remote work flexibility, lifestyle-driven priorities, favorable tax structures and long-term investment potential, a new generation of buyers looks beyond legacy markets like Aspen, Miami and the Hamptons. Second-home purchases now account for 28% of luxury real estate transactions globally, according to Sotheby’s International Realty’s 2026 Luxury Outlook Report.

