India Placed 51st in Global House Price Index Q4 2021, Turkey Tops: Knight Frank

International property consultancy Knight Frank in its latest research report – Global House Price Index – Q4 2021 cited that India climbed up 5 spots in the global home price index to 51st rank in Q4 2021 against 56th rank in Q4 2020. The price increase of 2.1% YoY in the fourth quarter, makes it the best quarter in the year 2021. India witnessed 2.1 percent annual appreciation in housing price rates during the October-December quarter of the 2021 against Q4 of 2020.

Turkey saw the highest annual price growth rate by 59.6 percent in Q4 2021. New Zealand (22.6 per cent), Czech Republic (22.1 per cent), Slovakia (22.1 per cent) and Australia (21.8 per cent) are among top 5 countries respectively in the latest research report. Knight Frank’s Global House Price Index tracks the movement in mainstream residential prices across 56 countries and territories using official statistics.