The Real Deal New York

Where do Hamptons buyers come from?

Property Shark crunched the numbers

September 13, 2012 02:30PM

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The Hamptons may be increasingly popular with year-round inhabitants, but it’s still a very popular destination for buyers of second homes. And where do these buyers come from? PropertyShark recently took a look, finding that 35 percent of all Hamptons vacation homes are owned by Manhattanites (see findings below).

All told, current Manhattan residents have poured about $20.8 billion into second homes in the Hamptons — paying about $100 million in property taxes in 2011, PropertyShark found. (To get the totals, the online data provider cross-referenced residential purchases with the buyers’ addresses.)

And overseas buyers own about 100 vacation homes in the area, with three quarters of those owners hailing from Britain, the data show. — Leigh Kamping-Carder

Source: PropertyShark

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