Vancouver #1 Fastest Growing Luxury Market In The World
According to the Prime Residential Index in Knight Frank’s 2016 Wealth Report, prices grew 25% in Vancouver’s luxury home market in 2015, beating out Sydney and Shanghai for the top spot. From the article: “The report notes low supply, high demand commanded by foreign investors, and a weak Canadian dollar have all contributed to the astronomical – even record-breaking – growth […] The post Vancouver #1 Fastest Growing Luxury Market In The World appeared first on Andy Schildhorn, PREC.
According to the Prime Residential Index in Knight Frank’s 2016 Wealth Report , prices grew 25% in Vancouver’s luxury home market in 2015, beating out Sydney and Shanghai for the top spot. From the article:
“The report notes low supply, high demand commanded by foreign investors, and a weak Canadian dollar have all contributed to the astronomical – even record-breaking – growth in prices of Vancouver’s luxury homes. Cities that are normally associated with wealth saw moderate or even low gains comparitively. New York’s luxury home market grew just 2.4%, while London’s grew just 1%. Berlin saw 9% growth thanks to an investment boom.”
The post Vancouver #1 Fastest Growing Luxury Market In The World appeared first on Andy Schildhorn, PREC.
