May 10, 2017

Global Tech-Hub Home Prices Growing More Than Twice as Fast as Financial Centers

Guangzhou, China Is the World's Fastest-Appreciating Real Estate Market

The tech industry is driving luxury real estate prices in cities such as San Francisco, although even expensive U.S. cities remain a bargain by global standards — particularly China.

That’s according to Knight Frank’s latest Prime Global Cities Index, which tracks luxury real estate price changes across 41 international cities. Overall, the index increased by 4.3 percent year over year in March, slightly higher growth than recorded in the fourth quarter of 2016. Twenty-seven of those cities recorded some rate of annual appreciation, one saw no price growth, and 13 experienced losses.

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(Image: iStock/Pinkypills)


About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the ninth largest residential real estate brokerage in the U.S. based on 2015 sales volume of $8.22 billion. Pacific Union merged with Los Angeles-based brokerage John Aaroe Group in December 2016. This strategic business collaboration links three of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $10.1 billion by 1,161 real estate professionals in 38 offices throughout California. The Mark Company benefits from an enriched leadership team, innovative technology and added global reach through its affiliation with Christie’s International. For more information, please visit www.themarkcompany.com.