India records 3.3% gains in Residential Market: Report

Ranchi, Bhubaneshwar, Coimbatore, Nashik and Kanpur lead the house price growth; recording gains of 16%, 14%, 13%, 13% and 12% respectively

By Accommodation Times Bureau

CHANDIGARH

Knight Frank, the independent global property consultancy, launched the Global House Price Index for Q1 2018. The index tracks the movement in mainstream residential prices on a national basis across 57 markets using data from official sources such as Central Banks and National Statistics Offices. The index allows investors and developers to compare the performance of mainstream residential markets around the world. Compiled on a quarterly basis using official government statistics or central bank data the index’s overall performance is weighted by the Gross Domestic Product (GDP) on a Purchasing Power Parity basis and the latest quarter’s data is provisional pending the release of all the countries’ results.

Results for Q1 2018:





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