India ranks 51st in global list of annual rise in housing prices

India ranks 51st in global list of annual rise in housing prices

Daily Current Affairs   /   India ranks 51st in global list of annual rise in housing prices

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Category : Miscellaneous Published on: March 24 2022

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  • India has improved its rank by five spots to be placed at 51st position in the ‘Global House Price Index Q4 2021’ released by property consultant Knight Frank. 
  • India was placed at 56th position in Q4 of 2020.
  • Turkey witnessed the highest annual price growth rate by 59.6 per cent in the year to Q4 2021, followed by New Zealand (22.6 per cent), Czech Republic (22.1 per cent), Slovakia (22.1 per cent) and Australia (21.8 per cent).
  • Knight Frank’s Global House Price Index tracks the movement in mainstream residential prices across 56 countries and territories using official statistics.
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