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Don't be afraid to explore the side streets of downtown Santa Barbara, that's where you will find some of the best stores and restaurants. It's no surprise that so many people get married in Santa Barbara. This California beach town is a lovers' paradise.

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Which takes us back to Montecito. The ultimate jewel in the box is Venice for its rarity appeal of having a villa you approach by gondola.

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Beyond the prime markets of London and New York, there are the smaller communities of wealth that often go under the radar. Opinion Show more Opinion.

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Such wealthy enclaves invariably come at a high price. Personal Finance Show more Personal Finance.

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Despite their prestige and lack of stock, such markets have not been immune to the global downturn. US Show more US. Companies Show more Companies. Florida updates. Reuse this content opens in new window Comments Jump to comments section.

Dream of living in santa barbara? here are 10 things to know about life in this coastal paradise

We use cookies for a of reasons, such as keeping FT Sites reliable and secure, personalising content andproviding social media features and to analyse how our Sites are used. A coastal or riverside setting and rich cultural or historical heritage are common traits. The four-bedroom house has been recently renovated and there are extensive landscaped gardens, an orchard and a pool. Manage cookies. Close drawer menu Financial Times International Edition.

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Promoted Content. Zoe Dare Hall. Social networking is also crucial to the appeal of these wealthy enclaves. The mountain resort is as attractive for its fiscal breaks residents are exempt from paying almost every income and property tax as its bucolic lifestyle, which has attracted the likes of Microsoft co-founder Paul Allen and Hollywood actor Harrison Ford.

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Search the FT Search. Sylt is one exception, with locals complaining that rising prices triggered by wealthy holiday-home buyers are forcing them to leave the island, but similar enclaves typically saw prices fall by 20 to 40 per cent after Perhaps what is most appealing about these places is that they are discreetly upmarket. Knight Frank is selling an estate in Morcote, near Lugano, with a six-bedroom house overlooking the lake that comes with a pool and boathouse, for SFr The benefits of being part of such a community are low crime rates and no paparazzi, litter or public drunkenness.

The island has a 15,strong population that is regularly boosted by wealthy second-home owners who commute from Hamburg or Bremen, and is home to a handful of Michelin-starred restaurants and golf courses. As is typical of such places, where new-build property is strictly limited and homes are often handed down rather than sold, Jackson Hole has a shortage of stock thanks to its long-established reputation.

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