India ranks 47th out of 56 countries in housing price appreciation: Report

The report ranked India at the 47th spot among the 56 countries/territories tracked, in terms of appreciation in residential real estate prices, with a marginal 0.6 per cent year-on-year (YoY) rise in home prices. Knight Frank released its latest report — Global House Price Index Q3 2019 — that tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.

The report ranked India at the 47th spot among the 56 countries/territories tracked, in terms of appreciation in residential real estate prices, with a marginal 0.6 per cent year-on-year (YoY) rise in home prices. “Slow sales, high inventory and lack of liquidity with developers have restricted rise in home prices,” the report said.
The regulations imposed by the government to ensure accountability in the system such as the Real Estate (Regulations and Development) Act, 2016, Goods and Services Tax Act and the Benami Transactions (Prohibition) Amendment Act, 2016 have laid the foundation for a healthy end-user market.