![]() ![]() Mumbai ranked 39th with a marginal -0.1 percent annual change for the period Q3 2020 – Q3 2021. Delhi is ranked 38th with a stable price level for the period Q3 2020 – Q3 2021. Mumbai, Delhi and Bengaluru’s prime residential market is witnessing price stability on a QoQ basis. Mumbai moved up to the 39th position in Q3 2021, against its 40th rank in the previous quarter, as prices fell marginally by 0.1 percent YOY. Bengaluru moved down one spot up against the previous quarter in the index as the quarter registered a 1.1 percent YOY price fall in the prime markets. With travel restrictions in place across much of the world this demand remains primarily domestic in nature.New Delhi is ranked 38, Mumbai 39 and Bengaluru 42 in Knight Frank’s Prime Global Cities Index Q3 2021. It is perhaps not surprising that traditional safe havens, countries that are considered to have handled the pandemic efficiently or applied a lighter touch, plus those markets that are already witnessing an economic rebound have moved higher in the rankings. Nonetheless, the percentage of cities registering annual price declines is creeping up, from 23% at the end of 2019 to 38% in Q3 2020.Īuckland (13%) leads the index, but what is notable is the resilience of a number of cities including Manila (10%), Seoul (7%), the Swiss cities of Zurich (7%) and Geneva (6%), Stockholm (5%) as well as the recovery of Chinese cities such as Shenzhen (9%) and Shanghai (6%). ![]() The index increased by 1.6% in the year to Q3 2020 with 62% of cities continuing to see prime prices increase year-on-year. Categories: Property Sector Residential Sales World Regions Europe Portugal Switzerland GlobalĪ surge in demand post-lockdown as luxury homeowners re-evaluate where they want to be and the type of property they want to live in has boosted sales and supported luxury prices across several key markets. ![]()
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