Shenzhen luxury home price growth beats Hong Kong, London, New York and Paris as China’s post Covid-19 economic surge continues

Mainland China’s tech hub of Shenzhen recorded the fastest growth in luxury home prices in the world in the first quarter, up by 18.9 per cent over the same period a year ago and beating traditional prime property markets such as Hong Kong, London, New York and Paris, according to property consultancy Knight Frank.Chinese cities Shanghai and Guangzhou also came second and third in the list of 46 cities, registering price growth of 16.3 per cent and 16.2 per cent respectively. Shenzhen and…

Read the original article at South China Morning Post