Report: Portland among hottest luxury real estate markets in the - KPTV - FOX 12

Report: Portland among hottest luxury real estate markets in the world

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Source: KPTV Source: KPTV
Source: KPTV Source: KPTV
PORTLAND, OR (KPTV) -

Portland has the eighth hottest real estate market in the world, according to a new report from Christie's International Real Estate.

Auckland, New Zealand, tops the list.           

Two U.S. cites are ranked higher than the Rose City.

San Francisco sits at number five and Jackson Hole, Wyoming, is ranked sixth.

Sales of properties for $2 million or more in the Portland area began increasing two years ago, said Terry Sprague, the CEO of Luxe Platinum Properties and a Christie’s International Real Estate affiliate.

The study said an influx of affluent tech buyers are fueling sales in Portland.

Sprague said many home buyers came from California, especially the Silicon Valley.

He’s also seen an increase in international buyers, especially from China and Taiwan.

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