Silicon Valley Raises House Prices in San Francisco :: Investor.bg

<img src = "https://www.investor.bg/images/photos/0264/0000264316-article3.jpg" alt = "The average price of homes in San Francisco has increased by $ 205,000 in the first half of 2018, which is the largest a six-month rise in history, the local real estate agency Paragon reports, referring to MLS data

The average house price in the city is now $ 1.62 million in apartment prices increased from $ 71,000 to $ 1.21 million

Rising prices are a direct result of the current Silicon Valley boom showing no signs of slowing down, CNBC reports: Housing prices in San Francisco slowed down in 2015 and 2016, then rose sharply last year.

The Softbank Vision Fund with $ 100 billion worth of badets, put in place in 2017, have invested huge sums in the Silk Valley Valley pitchers.After the inon Capital Market by Softbank, traditional venture capital funds such as Sequoia have injected huge sums of money

In addition, IPOs of technology companies are enjoying their best year in a long time , especially with software publishers. , which emerged as a result of the current boom, like Dropbox (created in 2007) and Zuora (2006)

Giants of local technology are doing better than ever. Apple, Alphabet, Facebook, Netflix, Salesforce and others continue to increase their income, share prices and the number of employees. The lag of the investors did not take longer.

Other factors also contributed to rising housing prices in San Francisco, such as the under-supply of new housing and lack of foreign investment. But since the technology industry continues to run the entire US economy, it is normal for its capital to become a more and more desirable place to live