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24/7 Wall St.: Most Popular Cities for the Ultra-Rich

6. Miami, United States

- Estimated rank in 10 years: N/A
- Avg. prime property price: $600/sq. ft. (53rd most)
- Population: 5,749,900 (46th most)

Miami’s inclusion on this list is largely because many Latin American high-net-worth individuals consider it one of the world’s most important cities. Miami is becoming an increasingly important center for South Americans doing business in North America. Miami has seen a major influx of money from overseas, which has pushed prime property values way up. From the third quarter of 2010 to the third quarter of 2011, prime property values increased more than 19% — one of the world’s largest increases. The city, however, is the only one on this list that is expected to drop in importance in 10 years and to be replaced by Sao Paulo.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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