Pursuits
Chinese Luxury Homes in Demand as Cities Post World's Best Gains
- Shanghai, Beijing, Guangzhou prices each climb more than 26%
- Australia, New Zealand top region as Russia, Mid-East decline
This article is for subscribers only.
China’s luxury homes posted the world’s biggest price gains last year, with three of the nation’s cities catapulting to the top of a ranking tracking 100 locations globally.
Shanghai, Beijing and Guangzhou rose to the top three slots in Knight Frank’s Prime International Residential Index, all posting price gains of more than 26 percent in 2016. Shanghai climbed two spots to displace Vancouver as the city with the biggest annual gain in prime home values.