where does bangalore rank as a global city

This can be attributed to a strong buyer appetite for residential due to extended time spent indoors, appreciation for larger homes and low-interest rates regime followed by central banks globally,” as per IANS report. Knight Frank India Chairman and Managing Director Shishir Baijal said: “Despite the on-going Covid-19 pandemic situation, the residential segments globally have outperformed when compared to the corresponding period of Q2 2020.Some of the world’s top Asian cities were Shanghai (21 per cent), Guangzhou (20 per cent) and Seoul (20 per cent).According to the report, 22 per cent of the global cities registered flat or decline in price growth, while Toronto recorded the strongest performing world region in the year to Q2 2021 with 27 per cent, Bangkok was the weakest performing market with (-) 6.4 per cent. The average annual increase in prime prices was 16 per cent across the six North American cities tracked by the index.Technology is a significant driver of momentum in the. Prime prices across 46 cities increased at an average rate of 8.2 per cent in the year to June 2021, up from 4.6 per cent in March. Bangalore, Indias primary technology hub, claimed the number one ranking for the first time this year. Around 13 cities registered double-digit priced growth up from just one a year ago. According to Knight Frank’s research analysis, 35 cities witnessed a rise in prime residential prices in Q2 2021 (YoY).The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across more than 45 cities worldwide using Knight Frank’s global research network.Prime residential property is defined as the most desirable and most expensive property in a given location, generally defined as the top 5 per cent of each market by value.

Where does bangalore rank as a global city