Throughout the past few years, property prices in cities across the world have greatly escalated. Realizing the vast potential of international real estate markets, wealthy buyers are flocking to metropolitan cities to grab their share of lucrative investments. In order to determine the most thriving real estate markets, real estate developer Solly Assa analyzed the average price of more than 50,000 listings across the globe and came up with the following data.
Prices in South China have jumped by almost 50%, which is more than anywhere else in the world. House prices in Shenzhen, the heart of the technology manufacturing hub of China, near Hong Kong – also known as the “Chinese Silicon Valley” – jumped by 70% last year, which is the highest rise in real estate prices ever recorded.
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