Trend that has accelerated due to the Pandemic: a mobile lifestyle among second homebuyers and owners. The rise of the digital nomad, an idea once confined to a younger demographic, has shifted to co-opt that mid-50 professional. Home exchanges are exploding in popularity. Affluent homeowners that used to enjoy the status of hanging out at the local country club in the 80s and 90s, are now preferring lifestyle experiences in multi-dimensional locales over a single static residence.
Elite Alliance has built an exchange network of 130 upscale resort properties around the world. A vacation homeowner can place their home into the portfolio and gain access to iconic destinations in stunning resorts: Cabo, Italy, Telluride, Bermuda, Florida Keys, Morocco, Greece and more – thus maximizing the utility of their vacation property. Developers are using this concept and offering real estate with a membership to access the network of Elite Alliance properties when an investor buys a vacation home. “Affluent vacation homeowners are much more comfortable sharing their residence today than when we first started the luxury exchange program 15 years ago.