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Global Property Price Index 2024: Mumbai Ranks 2nd Delhi 3rd

Mumbai on 2nd rank leads the Prime Global Cities Index with a 13% annual price increase, while New Delhi on 3rd and Bangalore maintain 15th position respectively.

Indian Cities' Performance in Knight Frank’s Prime Global Cities Index

Mumbai ranks 2nd globally with 13% annual price increase
New Delhi jumps to 3rd position with 10.6% price growth
Bengaluru maintains 15th rank with 3.7% price rise
Indian cities show strong performance compared to global average
Ranks comparison between 44 cities globally.
Some cities (Madrid, Dubai, New Zealand) experiencing growth slowdown

Global Overview and Top Performers

Manila tops the index with 26% annual price increase
Los Angeles (4th), Miami (5th), and Nairobi (6th) follow Indian cities
Overall global price growth slows to 2.6% across 44 markets
European cities show momentum, led by Stockholm
Dubai experiences slight moderation after 124% increase since 2020

Factors Influencing Price Growth

Premium segment driving sales growth in Indian markets
Increasing affluence and demand for lifestyle-oriented properties
Strong economic outlook sustaining market momentum
Central banks' decisions on interest rates crucial for future growth
Lack of further stimulus from rate cuts affecting global market pricing

Top 10 Cities List of Global Property Price Index 2024

Rank	City	Annual Price Growth %
1	Manila (Philippines)	26.0
2	Mumbai (India)	13.0
3	Delhi (India)	10.6
4	Los Angeles (US)	8.9
5	Miami (US)	7.1
6	Nairobi (Kenya)	6.6
7	Madrid (Spain)	6.4
8	Lisbon (Portugal)	4.7
9	Seoul (South Korea)	4.6
10	San Francisco (US)	4.5

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