More Millionaires Are Renting: Why? And How to Take Advantage of it
In recent years, a trend has emerged that has intrigued the real estate market: an increasing number of millionaires are choosing to rent rather than buy. This phenomenon has been observed in the United States, especially in cities such as New York, San Francisco, and Los Angeles1.
At Nest Seekers Mexico, we researched the reasons behind this trend and analyzed the opportunities it presents for investing in ultra-luxury properties in Mexico. Keep reading to find out more.
Why Rent Instead of Buying?
A report by a U.S. real estate platform revealed that, between 2019 and 2023, the number of millionaire tenants in the country tripled2. And, while this privileged sector continues to be homeowners, luxury rentals have become a more convenient option for many.
Among the main reasons millionaires choose to rent are liquidity and flexibility2. A rental allows you to easily relocate for job opportunities, without going through the challenges of selling or renting your property. For the same reason, their lifestyle is freed from the financial responsibilities of homeowning.
Another reason is that high-profile investors prioritize investing their capital in other types of assets.
The Opportunity with Mexico's Ultra-Luxury
When renting, millionaires are also seeking premium amenities and services that provide an elite lifestyle. The city in which they rent also adds to their lifestyle expectations. With the destinations and residences available at Nest Seekers Mexico, you can take advantage of the trend of millionaires who prefer to rent.
At Nest Seekers, we have properties in the best parts of the country, including Mexico City, Valle de Bravo, Los Cabos, the Riviera Maya, and Merida. Investing in ultra-luxury in Mexico will significantly contribute to your wealth, and you can maximize your investment by renting to a high-profile domestic and international market.
We invite you to discover the ultra-luxury properties we have for sale, including apartments with stunning sea views, grand ranches on vast land, and luxurious mansions equipped with top-notch amenities and services tailored to the most sophisticated lifestyles.
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