According to Knight Frank’s latest global housing price index for the second quarter of calendar year 2011, In India, Residential prices saw the second highest annual growth among 50 countries of the world.
Knight Frank’s Index, housing prices in India grew by 21.3% in the first quarter of 2011 over the same period last year.
India ranked second to Hong Kong, which saw the strongest price growth of 26.5% on year-on-year basis.
India was followed by Taiwan, Estonia and Israel.
Highlights:
* On a global level the housing market has been the weakest since 2009.
* Worldwide mainstream house prices marginally avoided falling into negative territory, with prices rising on an average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
* Region wise, Asian countries continues to outperform all other world regions as the prices rose on an average by 8% in the last 12 months.
* North America and Europe remain the weakest performing world regions, here prices declined by 0.9% and 0.1% respectively in the last 12 months.
* Housing prices in China grew by 6.5% annually.
* United Kingdom the housing prices declined 1.2% and in the United States it declined by 5.9%annually.
* Annual housing prices dropped most in Ireland (12.9%) followed by Russia (12.1%), Ukraine (7.8%), Cyprus (7.7%), Bulgaria (6.4%) and the United States.
Knight Frank’s Index, housing prices in India grew by 21.3% in the first quarter of 2011 over the same period last year.
India ranked second to Hong Kong, which saw the strongest price growth of 26.5% on year-on-year basis.
India was followed by Taiwan, Estonia and Israel.
Highlights:
* On a global level the housing market has been the weakest since 2009.
* Worldwide mainstream house prices marginally avoided falling into negative territory, with prices rising on an average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
* Region wise, Asian countries continues to outperform all other world regions as the prices rose on an average by 8% in the last 12 months.
* North America and Europe remain the weakest performing world regions, here prices declined by 0.9% and 0.1% respectively in the last 12 months.
* Housing prices in China grew by 6.5% annually.
* United Kingdom the housing prices declined 1.2% and in the United States it declined by 5.9%annually.
* Annual housing prices dropped most in Ireland (12.9%) followed by Russia (12.1%), Ukraine (7.8%), Cyprus (7.7%), Bulgaria (6.4%) and the United States.
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