With the rich still getting richer around the world, the boom in second home ownership over the past decade will be “nothing compared with the growth we will see over the next decade,” a new study concludes.

A widely-read industry bellwether, the 2008 Annual Wealth Report, produced by global property company Knight Frank and Citi Private Bank, predicts “over the medium and long term, super prime and prime markets will outperform as wealth accumulates around the world.” Antigua

Last year, despite the woes in many markets, the capital values of prime property on a global basis increased 11 percent from the end of 2006 to the end of 2007, the study found.

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