India has moved down 13 spots in the latest global home price index to finish last at 56th rank in the quarter ending December 2020. Against its 43rd rank a year ago, India saw a decline of 3.6% year-on-year (YoY) in home prices, leading to the drop in global position, showed Knight Frank’s Global House Price Index. India was the weakest-performing country during the fourth quarter of 2020, with a decline of 3.6% in home prices, followed by Morocco with a drop of 3.3%.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
According to the report, markets like New Zealand (19%), Russia (14%), the US (10%), Canada and UK (both 9%) have recorded accelerated growth in rankings in the last three months due to a growth in housing demand.
The index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics. In the 12-month percentage change for the period Q4 2019 – Q4 2020, Turkey continues to lead the annual rankings with prices up by 30.3% on-year, followed by New Zealand at 18.6% and Slovakia at 16.0%.
As travelers seek inspiration for their next adventure, the world offers a plethora of stunning…
Himachal Pradesh, nestled in the lap of the majestic Himalayas, is a paradise for nature…
The Defence Research and Development Organisation (DRDO) has achieved a significant milestone in enhancing India's…
Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an…
The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded…
The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a…