India slips 13 spots on global home price index due to Covid: Knight Frank

India finished last at 56th rank in the quarter ending December 2020, according to the international property consultancy

India has slipped down 13 spots in the latest global home price index, finishing last at 56th rank in the quarter ended December 2020, according to a Knight Frank report. Overall India saw a decline of 3.6 per cent in home prices year-on-year leading to the drop in global position. It was ranked 43 on the Global House Price Index in the fourth quarter of 2019.

According to the report, about 89 per cent of countries and territories saw increase in prices last year. 

India finished last on the table owing to conditions created by the pandemic. Last year, the