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13.12 - 07:27
New Delhi moves down one spot in Global Prime Residential Index in Q3
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Prime prices in global cities continue to rise. With travel starting to normalise, the prospect of tighter monetary policy on the horizon, as well as higher taxes and cooling measures, evidence suggests prime markets had a busy third quarter, according to Knight Frank’s research analysis.
In fact, 39 cities witnessed a rise in prime residential prices between Q2 and Q3 – 2021. Fifteen cities registered double-digit priced growth. The Prime Global Cities Index, based on the average price performance of 46 cities, surged by 9.5% in the year to September 2021, up from 8.3% in June.
According to the report, some 85% of cities saw prices rise on an annual basis, up from 76% last quarter and 16 cities (35%) saw prices increase by more than 10%
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