TNPSC Thervupettagam

Price Growth in Luxury Housing

March 8 , 2023 473 days 505 0
  • Property consultant Knight Frank virtually released ‘The Wealth Report 2023’.
  • Mumbai's rank has improved to 37th from 92nd in a global list of movement in prices of luxury homes.
  • Mumbai’s prime property market has seen a 6.4 percent price increase globally.
  • In Bengaluru, prime property prices rose 3 percent and ranked 62nd.
  • Delhi increased by 1.2 percent, moving it up to 77th from 93rd in 2021.
  • This report tracks the movement in luxury house prices across the world increased by 5.2 percent YoY (year-on-year) in 2022.
  • As per the report, the prime residential prices in Dubai rose 44.2 percent in 2022 and ranked first.
  • Colorado’s Aspen ranks 2nd with 27.6 percent growth in prices, followed by Riyadh Riyadh (25 percent).

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