India slips 12 spots to 55th position in global home price movement: Report

Data released by international property consultancy Knight Frank suggests that India has slipped 12 spots to 55th position global home price index.

India has moved down 12 spots in the global home price index to 55th position in Q1 2021 against 43rd rank in the same period late year, according to the latest report released by leading international property consultancy Knight Frank. On a year-on-year basis, there has been a 1.6 per cent decline in home prices. However, India has gained a spot in comparison to last quarter (Q4FY20) when the country ranked last globally amongst 56 countries tracked by Knight Frank’s Global House Price Index. 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 per cent and 1.4 per cent, respectively.