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The recent downturn in global property prices is mostly over with average home prices in major markets now expected to fall less than anticipated at the start of the year and rise into 2024, according...
Major cities around the globe, including London and Singapore, also saw a spike in rental prices.
The return to major cities following the height of the pandemic has caused high-end rents to soar in London and Singapore, too
Mumbai Real Estate: Mumbai along with Auckland, forecasted to witness highest annual increase in prime residential price on the Global index in 2024
At 5 per cent, Mumbai is likely to witness the highest rise in residential prices in 2024, a report released on Wednesday said. New Zealand's Auckland will also see a price rise of 5 per cent. According to real estate consultancy Knight Frank's 'Prime Global Cities Index', improving gross domestic product (GDP) figures, Mumbai's relative value and investment in infrastructure will be the prime influencers in pushing prices higher for the luxury housing market in the city.