As property price in the country declined amid the pandemic, India moved down 12 spots in the global home price index to 55th rank in Q1 2021, according to
With respect to 6-month (Q3 2020 – Q1 2021) and 3-month (Q4 2020 – Q1 2021) changes, residential prices in India witnessed a growth of 0.6% and 1.4%, respectively. The report highlighted that the United States witnessed the highest annual price growth rate since 2005, with a 13.2% on-year increase.
India slips to 55th rank globally in home price movement
Thu, Jun 10 2021 12:38:50 PM
Mumbai, Jun 10 (IANS): As property price in the country declined amid the pandemic, India moved down 12 spots in the global home price index to 55th rank in Q1 2021, according to Knight Frank s Global House Price Index - Q1 2021.
During Q1 2020, India was in the 43rd rank in terms of property prices.
Home prices in India declined 1.6 per cent on a year-on-year basis, said a Knight Frank statement.
However, in terms of 6-month (Q3 2020-Q1 2021) and 3-month (Q4 2020-Q1 2021) changes, residential prices in India witnessed a growth of 0.6 per cent and 1.4 per cent, respectively.
India moved down 12 spots in the global home price index to the 55th rank in Q1 2021 against the 43rd rank in Q1 2020, with a decline of 1.6% YoY in home prices.
India moved down 12 spots in Knight Frank global home price index to 55th rank in Q1 2021 against 43rd rank in Q1 2020 with a decline of 1.6 per cent year-on-