NEW DELHI: India has climbed up five spots in the global home price index to the 51st rank in the fourth quarter of 2021 against 56th rank in Q4 2020.
The price increase of 2.1% YoY in the fourth quarter makes it the best quarter in the year 2021, according to Knight Frank. The Global House Price Index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics. The index tracks nominal and real price growth in local currencies. The rankings on the price movement have been accounted basis the nominal price growth change.