Guangzhou in China was first in the global list of 41 cities with a 36.2% price growth. The small base size and limited residential inventory could have catapult Guangzhou to the top of the table with a whopping price growth of 36.2%, the report added. Likewise, from a staggering year to year growth of 13.6% in 2015, Bengaluru recorded negative growth for the first time in five years,” said Das. Das added that Mumbai, is holding to a positive price growth albeit, in a declining trend. Globally financial hubs such as Zurich (-7.0%), London (-6.4%) and Milan (-0.9%) have recorded negative growth.

Source: dna May 17, 2017 02:15 UTC