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Price Growth in Luxury Housing
March 8 , 2023
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- Property consultant Knight Frank virtually released ‘The Wealth Report 2023’.
- Mumbai's rank has improved to 37th from 92nd in a global list of movement in prices of luxury homes.
- Mumbai’s prime property market has seen a 6.4 percent price increase globally.
- In Bengaluru, prime property prices rose 3 percent and ranked 62nd.
- Delhi increased by 1.2 percent, moving it up to 77th from 93rd in 2021.
- This report tracks the movement in luxury house prices across the world increased by 5.2 percent YoY (year-on-year) in 2022.
- As per the report, the prime residential prices in Dubai rose 44.2 percent in 2022 and ranked first.
- Colorado’s Aspen ranks 2nd with 27.6 percent growth in prices, followed by Riyadh Riyadh (25 percent).
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