Current Context: The Global Residential Cities Index for Q2 2023 tracks mainstream residential prices on a city-by-city basis. The index is updated quarterly and tracks the performance of house prices across 150 cities worldwide.
- According to the Q2 2023 report, the average annual price growth has slowed across world cities, falling to 1.7% from 3.2% in Q1. However, more timely quarterly price change data reveals the beginnings of a revival in some key global markets.
Here are some specific details for Indian cities:
- Mumbai: 6.00% annual change, Global Rank: 19
- Bengaluru: 5.30% annual change, Global Rank: 22
- Delhi: 4.50% annual change, Global Rank: 25
- These figures indicate a gain for Mumbai, Bangalore, and Delhi in the global residential market. While considerable headwinds remain, it is anticipated that a growing number of cities will transition from falling to stable prices over the next two quarters.
Question :
Q.1 According to the Global Residential Cities Index for Q2 2023, which Indian city had the highest annual change in residential prices?
a. Mumbai
b. Bengaluru
c. Delhi
a. Mumbai
b. Bengaluru
c. Delhi
d. None of these
