India ranks 47th in house price appreciation during July-September: Report
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