The tech industry is driving luxury real estate prices in cities such as San Francisco, although even expensive U.S. markets remain a bargain by global standards -- particularly China.
Tag Archive: Hong Kong
January 25, 2017 • Posted in Market Conditions
While the Bay Area's housing affordability crunch is all too familiar for local home shoppers, a recent report brings a global perspective to the situation, with San Jose and San Francisco ranking among the planet's least affordable housing markets.
May 18, 2016 • Posted in Market Conditions
Sales activity for luxury properties slowed both globally and here in the Bay Area in 2015, but high-end real estate remains a greatly desirable investment for the world's wealthiest individuals.
July 13, 2015 • Posted in Weekly Real Estate News Roundups
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that property values in San Mateo County have reached a new peak. Also, second-quarter rental rates in San Jose were up 7.2 percent from a year earlier, while San Francisco rents rose 6.8 percent.
June 18, 2015 • Posted in Real Estate Trends
Buyers from China have been steadily increasing in ranks over the past five years, leading the country to overtake Canada as the largest foreign investor in U.S. real estate. Here in the Golden State, more than half of international sales involve a buyer from Asia.
Wealthy homebuyers from China are playing an increasingly key role in the Bay Area's luxury housing markets, particularly in San Francisco and Silicon Valley.
Although $1 million-plus homes in San Francisco saw double-digit price jumps last year, the city is still relatively affordable when compared with other top international destinations, according to Christie's International Real Estate's just-released Luxury Defined report.
Strong demand from international buyers is fueling much of the growth in many of the world's top destinations, according to a luxury home sales report from Christie’s International Real Estate.
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