{"id":1269,"date":"2016-03-17T08:55:31","date_gmt":"2016-03-17T15:55:31","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1269"},"modified":"2016-03-16T09:10:45","modified_gmt":"2016-03-16T16:10:45","slug":"vancouver-high-end-housing-most-desired-worldwide","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/03\/vancouver-high-end-housing-most-desired-worldwide\/","title":{"rendered":"Vancouver High-End Housing Most Desired Worldwide"},"content":{"rendered":"<p style=\"text-align: justify;\">The latest report by a U.K. property consultancy revealed that Vancouver high-end housing is the most sought after in the world, besting other heavyweights such as Monaco, Shanghai, Sydney and San Francisco.<\/p>\n<p style=\"text-align: justify;\">Average prices of Vancouver prime real estate\u2014defined in The Wealth Report released by Knight Frank as the \u201cmost desirable, and normally most expensive, property in a defined location\u201d\u2014grew by an astounding 24.5% in 2015.<\/p>\n<p style=\"text-align: justify;\">Unprecedented levels of overseas demand and generous exchange rates have been identified as the crucial ingredients that have fuelled Vancouver\u2019s rise to the top.<\/p>\n<p style=\"text-align: justify;\">The report noted, however, that one notable missing factor in this development was the influence of the rich.<\/p>\n<p style=\"text-align: justify;\">\u201cThere is no direct correlation between the locations where the wealthy are normally resident and the locations their advisors view as being most important to them,\u201d Knight Frank global head of research Liam Bailey wrote in the report, as quoted by CBC News.<\/p>\n<p style=\"text-align: justify;\">\u201cThis reflects the itinerant nature of many UHNWIs [ultra high net worth individuals] who increasingly educate their children overseas while working and living in multiple international locations,\u201d Bailey explained.<\/p>\n<p style=\"text-align: justify;\">The report added that policy changes such as measures that exert greater pressure on foreign investors would see greater currency this year.<\/p>\n<p style=\"text-align: justify;\">\u201cThere is increased attention being paid by governments on the impact rising investor demand for residential property is having on affordability in key urban markets,\u201d Bailey said.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/vancouver-highend-housing-most-desired-worldwide-204522.aspx\" target=\"_blank\">Vancouver High-End Housing Most Desired Worldwide<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest report by a U.K. property consultancy revealed that Vancouver high-end housing is the most sought after in the world, besting other heavyweights such as Monaco, Shanghai, Sydney and &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/03\/vancouver-high-end-housing-most-desired-worldwide\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1269","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vancouver High-End Housing Most Desired Worldwide &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/03\/vancouver-high-end-housing-most-desired-worldwide\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver High-End Housing Most Desired Worldwide &#8226; 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