Mumbai expected to see a fall in property prices this year and next
Knight Frank analysed 20 cities globally to ascertain price movement in these cities in 2020 and 2021 based on projections for demand and supply, the impact of covid-19 in the different markets, and the varying government stimulus measures announced
India’s most expensive city in terms of capital value is expected to witness a fall in property price this year, as well as in 2021. According to a research report—Prime Global Residential Forecast— released today by Knight Frank, a real estate consultant, “Prime residential market of Mumbai is expected to see a price fall of 5% in the year 2020. For the year 2021, Mumbai’s prime residential market is expected to witness a price decline of 3%."