Mumbai has moved from 92nd to 37th position in the global list in terms of appreciation in prices of luxury homes. Knight Frank India has given this information.
Property advisor company Knight Frank released its ‘Property Report-2023’ in a virtual conference on Wednesday. According to this, in the last calendar year (2022), the prices of houses in Mumbai registered an increase of 6.4 percent.
Knight Frank said, “The leading international housing index (PIRI 100) has grown by 5.2 percent on an annual basis globally last year. This index tracks the movement of luxury home prices.
In this report, Knight Frank has analyzed property prices in 100 major cities in the world. Luxury property prices in 85 of these 100 locations have been positive or stable.
Globally, the prices of luxury homes in Mumbai have increased by 6.4 per cent. With this, it has reached the 37th position in the PIRI 100 list. Mumbai was at 92nd position in 2021.
The report states that the prices of luxury properties in Mumbai are estimated to increase by three per cent in 2023. Luxury property prices in Bengaluru increased by three per cent, taking it to 63rd position in 2022. It was ranked 91st in 2021.
Knight Frank said that the prices of luxury properties in the city of Delhi have increased by 1.2 per cent and it has moved from 93rd to 77th position in this list.
According to this report, prices of prime residential properties in Dubai are set to increase by 44.2 per cent in 2022 and continue to top the PIRI 100. Aspen ranks second on the list with a 27.6 percent increase in prices.
It was followed by Riyadh (25 percent), Tokyo (22.8 percent), Miami (21.6 percent), Prague (16.3 percent), the Algarve (15.3 percent), the Bahamas (15 percent), Athens 13 percent and Porto (12.7 percent). Is.
