India has improved its rank by five spots to be placed at 51st position in the ‘Global House Price Index Q4 2021’ released by property consultant Knight Frank. India was placed at 56th position in Q4 of 2020. India witnessed a 2.1 per cent annual appreciation in housing price rates during the October-December quarter of 2021 against Q4 of 2020.
- Turkey saw the highest annual price growth rate by 59.6 per cent in Q4 2021.
- New Zealand (22.6 per cent), Czech Republic (22.1 per cent), Slovakia (22.1 per cent) and Australia (21.8 per cent) are among the top 5 countries respectively in the latest research report.
- Malaysia, Malta and Morocco markets recorded a decline in housing prices by 0.7 per cent, 3.1 per cent and 6.3 per cent, respectively, in the year 2021.
About the Knight Frank’s Global House Price Index :
Global House Price Index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics. The index tracks nominal and real price growth in local currencies. The rankings on the price movement have been accounted basis the nominal price growth change.