Bengaluru 26th fastest-growing residential market globally in Q2: Report

The premium micro-markets of the city recorded a rise of 0.6 per cent in annual capital value change in Q2-2020 on YoY to an average price of Rs 19,727 per sq. ft

The onset of Covid-19 pandemic brought economic activity to a standstill across the globe, especially in the second quarter of calendar year 2020 (Q2CY20) / April – June 2020 quarter (June 2020 quarter), had an impact on residential property prices across major global cities during this period on year-on-year (YoY basis).

Knight Frank's Prime Global Cities index, an unweighted average of the change in prices across 45 cities, hit its lowest rate of annual growth since October – December 2009 quarter (Q4-2009) when the world was in the grip of the global financial crisis (GFC). It expects the index to