India has moved down 13 spots within the newest international dwelling value index to complete final at 56th rank within the quarter ending December 2020. Against its forty third rank a yr in the past, India noticed a decline of 3.6% year-on-year (YoY) in dwelling costs, resulting in the drop in international place, confirmed Knight Frank’s Global House Price Index. India was the weakest-performing nation in the course of the fourth quarter of 2020, with a decline of three.6% in dwelling costs, adopted by Morocco with a drop of three.3%.
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According to the report, markets like New Zealand (19%), Russia (14%), the US (10%), Canada and UK (each 9%) have recorded accelerated development in rankings within the final three months as a consequence of a development in housing demand.
The index tracks the motion in mainstream residential costs throughout 56 international locations and territories worldwide utilizing official statistics. In the 12-month share change for the interval This autumn 2019 – This autumn 2020, Turkey continues to steer the annual rankings with costs up by 30.3% on-year, adopted by New Zealand at 18.6% and Slovakia at 16.0%.
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