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Article: Architectural Digest / Sotheby's International Realty Report Finds Luxury Homeowners Are Looking to Purchase Additional Residences in the Next Two Years.
- Article from:
- PR Newswire
- Article date:
- October 24, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK and PARSIPPANY, N.J., Oct. 24 /PRNewswire/ -- In its latest consumer-trend study, Architectural Digest has united with Sotheby's International Realty Affiliates, Inc. to find that affluent homeowners are planning to acquire additional residences in the near future. The study, "Seeking a Luxury Lifestyle," discovers that one in three Architectural Digest subscribers (36%) intend to acquire a secondary/additional home in the next two years. The study further reveals:
* Of those Architectural Digest subscribers who already own three or more
homes, 49% percent plan to acquire an additional home within two years;
* Of those who already own a second ...