The French Riviera hasn't lost its cachet, topping the list of prime residential enclaves for the ultra-wealthy, according to research from Savills.
Cote d'Azur ranks highest on the Prime Enclave Index, ranking properties on average prices of luxury properties and hotels as well as exclusivity and global draw, according to research produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management.
"This sought-after region is the ultimate and most expensive leisure enclave for home transactions among the ultra-wealthy, attracting buyers from across Europe, North America and most actively at present, from the Middle East and Russia," the report said.
A typical five-bedroom luxury property there costs around $28.5 million, outstripping nearby Monaco, which ranked fifth on the list with a $25.0 million price tag on a similar property, the report said.
Rounding out the top twenty places the ultra-rich want their next home are many of the usual haunts, such as Aspen in the U.S., St. Barts in the Caribbean and Italy's Venice as well as a few off the beaten path, such as the Seychelles, the Maldives and Emirates Hills in Dubai.