“Low-interest rates and other demand stimulation measures by the government have fuelled real estate demand. This has led to sales and launches in Q4 2020 witnessed a significant jump compared to the first three quarters of 2020. The pandemic has effectively changed end users’ outlook towards ownership of homes leading many fence sitters to make their purchase decisions,” said Shishir Baijal, Chairman & Managing Director, Knight Frank
“As the vaccine roll out takes place, we expect normality to return, post which the government will have device measures to extend the current sales momentum,” he added.
The Global House Price Index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.
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