In the Knight Frank’s Global Residential Cities Index Q3 (Quarter) 2019, Hyderabad has ranked 14th among 150 cities in the World with an appreciation of 9% in residential prices on a YoY (Year-over-Year) basis.Key Points:
i.In this index ,Budapest in Hungary is at the first place with the highest annual growth rate of 24%, followed by Xi’an and Wuhan in China at 15.9% and 14.9%.
ii.According to the report, Indian cities that have seen an appreciation in home prices are New Delhi at the 73rd rank globally with a 3.2% rise, Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% growth.
iii.Indian cities which have seen de-growth in home prices are Kolkata at the 130th rank with a decline of 2%, Mumbai at the 135th rank with a de-growth of 3% and Chennai at the 136th rank with a fall of 3%.
iv.Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices.
v.The Global Residential Cities Index tracks mainstream residential prices on a city-by-city basis which are updated quarterly. The index tracks the performance of house prices across 150 cities worldwide
About Knight Frank:
Headquarters- London, United Kingdom (UK); Chairman– Alistair Elliott
Top 3 cities in the index:
|1||Budapest in Hungary|
|2||Xi’an in China|
|3||Wuhan in China|
|130||Kolkata, West Bengal|
|136||Chennai, Tamil Nadu|