Property Prices in key Global Cities up by 4.3%

• Property Prices in key Global Cities up by 4.3%

Prime property prices in leading cities around the world increased by 4.3 per cent in the 12 months to March 2017, led by Chinese cities, the latest global index shows.

According to Propertywire.com, the strongest growth was in Guangzhou where prices were 36.2 per cent higher than March 2016 and the Knight Frank index also shows that prices in the world’s tech hubs are outperforming the world’s financial centres.

Beijing and Shanghai also saw strong growth, averaging 26.3 per cent but the index report says that prices in Guangzhou are rising from a lower base and the availability of stock is tighter.