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