India at 14th spot in housing cost rise in Jul-Sep with 5.9% growth: Report Business Standard Press Trust of India | New Delhi
India jumped 18 places to 14th rank in home price appreciation globally in September quarter, with nearly 6 per cent price rise year-on-year, according to Knight Frank India.
Real estate consultant Knight Frank's Global House Price Index tracks nominal and real price growth across 56 countries in local currencies.
Turkiye is at number one position with an annual 89.2 per cent appreciation, followed by Croatia (13.7 per cent), Greece 11.9 per cent, Colombia 11.2 per cent and North Macedonia 11 per cent.
"Annual global house prices continue to rise despite central banks' efforts to combat inflation through higher interest rates. Average annual price growth stands at 3.5 per cent, closely approaching the pre-pandemic ten-year average of 3.7 per cent," Knight Frank said.
