The 4th Quarter Global Residential Cities Index was released by Knight Frank this week showing that by the end of 2015 a large majority of house prices in cities either rose or stayed flat. The Chinese city of Shenzhen leads the rankings with price growth of 47.5% recorded in 2015. Of the twenty US cities included in the index, Portland (11.4%) and San Francisco(10.4%) were the strongest performers with Washington DC the weakest (1.7%). Although none of the US cities saw prices decline, no single city could compete with Vancouver which proved North America’s top performer, with prices rising 11.9% on an annual basis.
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