Mumbai Ranks 4th On Prime Global Cities Index, Manila Replaces Dubai To Grab Top Spot: Report
Manila overtook Dubai and was ranked 1st in the index, with prime residential prices rising by 21.2% YoY in Q3 2023
Source: news18.com
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Mumbai ranks 4th in global residential price rise
The average rise in annual prime residential prices was recorded at 2.1 per cent across the 46 markets in the 12-month period ending September 2023. This is the strongest growth rate recorded since Q3 2022 and reflects 67 per cent of cities seeing growth on an annual basis, it said.
Source: indianexpress.com
Manila's Luxury Homeowners See Some of the Biggest Price Gains Globally
The capital of the Philippines ranked No. 1 in the third quarter, while U.S. metros saw lackluster performance in high-end home values
Source: mansionglobal.com
Prime Global Cities: Mumbai ranks 4th among key global cities' price rise tally in July-September
Mumbai saw a 6.5% year-on-year growth in prime residential prices, moving up 18 places to the fourth position in global rankings. New Delhi and Bengaluru also recorded increased rankings in the Knight Frank Prime Global Cities Index, reflecting the robust performance of the upper-end real estate market.
Source: indiatimes.com
Mumbai ranks 4th in global housing price rise
Shishir Baijal, Chairman and MD, Knight Frank India said, “The robust price trend in the upper end of the market coupled with strong sales momentum has elevated Mumbai’s position in this global ranking scale. Sales momentum is significantly stronger in the higher ticket sizes today, than it has been in the past five years.”
Source: indianexpress.com