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September 14, 2016updated 26 Sep 2016 10:31am

Most popular city for second home

By Spear's

For millionaires seeking second homes in another country, the U.S. is the most popular place to establish another residence, but London is the top draw for second-home owners from around the world.

WealthInsight conducted research into the top 5 cities where the rich buy a second residence and found that 3 are in the U.S.: New York, Los Angeles and Miami. Monaco rounds out the list of the top 5.

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