When you think of the cities with the hottest Luxury Real Estate markets in the world, what do you think of? Toronto? Hong Kong, perhaps? Maybe Vancouver, B.C., Sydney, Australia, or San Francisco come to mind. Most likely, few people think of Portland, Oregon. That’s right, Portland!

Every year, Christie’s International publishes a comprehensive report analyzing the top luxury real estate markets worldwide. The newest edition of this report, the 2017 edition, ranked Portland, Oregon in the Top 10 Hottest Luxury Real Estate markets in the world. This is the second year in a row that Portland has been included in this list. For all intensive purposes, luxury real estate is considered to be real estate prices over $1 Million.

One of the interesting things noted in the report for Portland is the influx of wealthy millennial buyers that is contributing to the luxury real estate segment of Portland real estate. Another interesting statistic of note is that Portland ranks in the Top 5 luxury markets worldwide with respect to the amount of the largest increase in luxury home buyers from overseas. People from China account for the highest number of people buying luxury real estate in Portland.

This is exciting news to say the least as it continues to demonstrate the strength of real estate, particularly here in Portland, Oregon. At Real Estate Investments Northwest, we strive to participate in all real estate price segments, however we do have a large percentage of our portfolio in rehabilitated housing at the upper price range of Portland. Reports like this continue to support that we are producing rehabilitated homes that are in high demand.

Portland truly is an incredible city, and people all over the world are taking note!