Global luxury property rates register lowest growth since Q4 2009


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International Property Consultant Knight Frank has recently released its Prime Global Cities Index that tracks the movement in luxury residential prices across 45 cities globally. The said index highlights the fact that the prices of luxury residential properties have registered the lowest rate of annual growth since the final quarter of 2009. While the prime property prices were increasing at an average rate of 4.3 percent per annum two years ago, the pace has been slowed down to 1.3 percent at present. However, Delhi secured a spot in the list of top 10 cities globally. The prime property rates across the city increased by 5.8 percent on YoY basis and 4.4 percent on QoQ basis.

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