effectakp.blogg.se - Global city index bangalore

The average annual increase in prime prices was 16 per cent across the six North American cities tracked by the index.Prime prices across 46 cities increased at an average rate of 8.2 per cent in the year to June 2021, up from 4.6 per cent in March.

Around 13 cities registered double-digit priced growth up from just one a year ago.

According to Knight Frank’s research analysis, 35 cities witnessed a rise in prime residential prices in Q2 2021 (YoY).

The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across more than 45 cities worldwide using Knight Frank’s global research network.

Prime residential property is defined as the most desirable and most expensive property in a given location, generally defined as the top 5 per cent of each market by value.