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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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