[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Hyaemin Park staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
NEW DELHI: India ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 per cent during July-September quarter over the year-ago period on slow demand, global property consultant Knight Frank said.
India stood at 11th position in the April-June quarter of 2019 with a 7.7 per cent year-on-year rise in home prices.
Knight Frank released its latest report -- Global House Price Index Q3 2019 -- that tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.
The report ranked India at the 47th spot among the 56 countries/territories tracked, in terms of appreciation in residential real estate prices, with a marginal 0.6 per cent year-on-year (YoY) rise in home prices.
"Slow sales, high inventory and lack of liquidity with developers have restricted rise in home prices," the report said.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/india-ranks-47th-out-of-56-countries-in-housing-price-appreciation-report/articleshow/72992538.cms
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