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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. To read more of this report please download the PDF below. IRG is a member of Leading Real Estate Companies of the World which means we can help you invest around the globe not just here in Cayman. To find out more please contact us at info@irg.ky
