2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the rank of India in the “Global House Price Index” released by Knight Frank?
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55th
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43rd
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61st
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72nd
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Explanation:
Detailed explanation-1: -India ranks 51st in global list of annual rise in housing prices: Report.
Detailed explanation-2: -The rankings on the price movement have been accounted, basis the nominal price growth change. Globally, house prices increased by 10.3 percent on average in 2021. Turkey led the index with the highest annual price growth rate of 59.6 percent in the year to Q4 2021 in nominal terms.
Detailed explanation-3: -A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
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