India slipped seven places in the price rise, Turkey on top

India has slipped seven places to 54th in the ‘Global House Price Index’ in the July-September quarter in terms of rising prices of residential properties. The same quarter of 2019 he was ranked 47th.

In its latest research, advisory firm Knight Frank has said that India’s index has fallen due to a 2.4 per cent decline in house prices on a yearly basis. India was ranked 54th in the index in the previous quarter as well. The ‘Global House Price Index’ measures fluctuations in the prices of residential properties in 56 countries and regions around the world.

Shishir Baijal, president and MD of Knight Frank India, said real estate developers are changing their marketing policies to combat the adverse economic effects of the epidemic. This includes offering financial benefits, discounts and easy payment options to attract buyers.

Turkey at the top, Morocco at the bottom …

Turkey tops this list. The prices of houses there rose 27.3 per cent year-on-year in the July-September quarter. New Zealand is in second place, with prices rising 15.4 per cent. Prices in Luxembourg have risen 13.4 percent. Morocco’s performance in the index has been the worst. The house prices fell by 3.3 percent. Ireland, Spain, India and Hong Kong have also not performed well.