Property prices have appreciated over longer terms, even as short-term growth has been sluggish. The long-term trend in home prices is encouraging for investors.
Getty ImagesMumbai, Delhi, Lucknow, Kanpur and Kochi have outperformed the national 5-year average.
The RBI House Price Index shows that home prices have risen steadily over the years. The data shows that quarterly price movements have been quite volatile. Here are other findings.
Home prices have risen steadily over the years Property prices have appreciated over longer terms, even as short-term growth has been sluggish.
All India index is a weighted average of city indices. Weights are based on the city population. India House Price Index is based on transactions in 10 major cities. Third quarter 2018-19 figures represent provisional indexes which will be finalised by next quarter. Source: RBI
Kochi saw the highest q-o-q price rise in the third quarter- 8.5%. Jaipur fared poorly as growth fell 3.1%.
Kochi also saw the highest annual price appreciation- 28.8%. Kanpur ranked the lowest as prices fell 6.5% over the past year.
Realty prices in Mumbai rose in the third quarter of 2018-19 compared to the previous quarters.
Mumbai, Delhi, Lucknow, Kanpur and Kochi have outperformed the national 5-year average.
While Bengaluru witnessed a marginal q-o-q fall (1.1%) in the third quarter, its one-year price rise (7.8%) was better than the all-India growth (4.7%).
On an y-o-y basis, all-India HPI recorded marginally slower growth of 4.66% in the third quarter of 2018-19, as against 5.7% in the second quarter.
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