India slips 12 spots to 55th position in Global Home Price Index

India has moved down 12 spots in the global home price index to 55th rank in Q1 2021 against 43rd rank in Q1 2020, with a decline of 1.6 per cent year-on-year (YoY) in home prices, Knight Frank, in its latest research report “Global House Price Index” – Q1 2021.

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Global Home Price Index is prepared by the London-based Knight Frank, which monitors housing prices in 56 countries. Turkey continues to lead the annual rankings with prices up by 32 per cent YoY, followed by New Zealand. 

Important takeaways for all competitive exams:

  • Knight Frank Established: 1896;
  • Knight Frank Headquarters: London, United Kingdom.

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