Latest news with #GlobalHousePriceIndex
Economic Times
4 days ago
- Business
- Economic Times
India's housing prices rise 7.7% annually, ranks 15th globally in Q1
Synopsis India's housing market demonstrates robust growth, securing 15th position globally with a 7.7% nominal price increase in Q1 2025. Strong domestic demand, rising incomes, and investor confidence fuel this positive momentum. Experts anticipate continued resilience throughout 2025, driven by economic expansion and stable interest rates. IANS India has emerged among the world's strongest housing markets, recording annual residential price growth of 7.7% in nominal terms and 4.2% in real terms in the first quarter of 2025. The country ranked 15th out of 55 markets tracked, ahead of the US, UK, and Australia. On a quarterly basis, Indian home prices rose 2.9%, underscoring sustained buyer confidence amid steady demand and a gradually improving borrowing environment, according to Knight Frank's Global House Price Index. 'India's residential market continues to benefit from strong end-user demand, rising incomes, and renewed investor interest. The positive price momentum reflects the strength of our housing sector, even in the face of global economic uncertainty. As interest rates stabilize further, we expect demand to remain healthy, particularly in mid- and premium housing segments,' said Shishir Baijal, CMD, Knight Frank annual price growth across the 55 markets in Knight Frank's basket rose to 2.3% in the first quarter of 2025 from 1.7% in Q4 2024, though still below the long-term average of 5.1%. The improvement reflects early signs of a turnaround in the housing cycle following policy rate cuts in several North Macedonia, and Portugal led global rankings with double-digit annual growth, while Mainland China and Hong Kong SAR saw the steepest declines, the report showed. 'Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend,' said Liam Bailey, Knight Frank's Global Head of report notes that 87% of markets recorded positive annual growth in the quarter, a sharp improvement from recent years when higher borrowing costs had cooled demand in several regions. However, affordability challenges persist in many major cities worldwide, limiting the scope for a broad-based recovery without further monetary rise in the global rankings reflects the continued resilience of its residential market, a trend that market observers expect to hold through 2025, with domestic demand and economic growth remaining strong.
Time of India
4 days ago
- Business
- Time of India
India's housing prices rise 7.7% annually, ranks 15th globally in Q1
India has emerged among the world's strongest housing markets, recording annual residential price growth of 7.7% in nominal terms and 4.2% in real terms in the first quarter of 2025. The country ranked 15th out of 55 markets tracked, ahead of the US, UK, and Australia. On a quarterly basis, Indian home prices rose 2.9%, underscoring sustained buyer confidence amid steady demand and a gradually improving borrowing environment, according to Knight Frank's Global House Price Index. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program 'India's residential market continues to benefit from strong end-user demand, rising incomes, and renewed investor interest. The positive price momentum reflects the strength of our housing sector, even in the face of global economic uncertainty. As interest rates stabilize further, we expect demand to remain healthy, particularly in mid- and premium housing segments,' said Shishir Baijal, CMD, Knight Frank India . Globally, annual price growth across the 55 markets in Knight Frank's basket rose to 2.3% in the first quarter of 2025 from 1.7% in Q4 2024, though still below the long-term average of 5.1%. The improvement reflects early signs of a turnaround in the housing cycle following policy rate cuts in several economies. Turkey, North Macedonia, and Portugal led global rankings with double-digit annual growth, while Mainland China and Hong Kong SAR saw the steepest declines, the report showed. Live Events 'Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend,' said Liam Bailey, Knight Frank's Global Head of Research. The report notes that 87% of markets recorded positive annual growth in the quarter, a sharp improvement from recent years when higher borrowing costs had cooled demand in several regions. However, affordability challenges persist in many major cities worldwide, limiting the scope for a broad-based recovery without further monetary easing. India's rise in the global rankings reflects the continued resilience of its residential market, a trend that market observers expect to hold through 2025, with domestic demand and economic growth remaining strong.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Home prices surge 7.7% annually: India beats US, UK, Australia, ranks 15th
India's housing market is proving to be a bright spot in the global real estate landscape, with Knight Frank's latest Global House Price Index (Q1 2025) ranking the country 15th out of 55 markets worldwide. Residential prices rose 7.7% in nominal terms and 4.2% in real terms year-on-year, outpacing major economies such as the US, UK, and Australia. On a quarterly basis, prices climbed 2.9%, signalling steady buyer confidence despite global economic headwinds. The growth comes on the back of robust end-user demand, improving macroeconomic conditions, and early signs of borrowing cost moderation. 'India's residential market continues to benefit from strong end-user demand, rising incomes, and renewed investor interest. As interest rates stabilize further, we expect demand to remain healthy, particularly in mid- and premium housing segments,' said Shishir Baijal, Chairman & Managing Director, Knight Frank India. Knight Frank Global House Price Index In Q1 2025, the weighted average annual price growth across our basket of 55 global housing markets picked up to 2.3%, up from 1.7% in Q4 2024, although the rate sits below the long-run trend rate of 5.1%. Global Context Across the 55 tracked markets, 87% saw positive annual growth. Turkey led the rankings with a 32.2% surge, followed by North Macedonia (22.6%) and Portugal (16.9%). At the other end, Mainland China and Hong Kong SAR saw the steepest price drops. The index showed global house price growth averaging 2.3%, up from 1.7% in Q4 2024, driven largely by early policy rate cuts. However, Knight Frank warns that affordability pressures remain elevated, and further easing measures may be necessary to sustain momentum through 2025. 'Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend' said Liam Bailey, Knight Frank's Global Head of Research. For Indian homebuyers, the data points to a resilient and appreciating asset class, especially in mid- to premium segments. For investors, the sustained momentum—despite global uncertainty—signals that India remains an attractive real estate market, offering both stability and growth potential.
