Mumbai outperformed Bengaluru and Delhi on the list of global prime cities index with an increase in average annual prices in Q1 2023, a report by real estate consulting firm Knight Frank said.

The first quarter of 2023 saw annual price change in the world’s luxury housing markets turn negative for the first time since the Global Financial Crisis.

Knight Frank Prime Global Cities Index Q1 2023

Dubai

annual growth percentage 44.2%

1

Miami

annual growth percentage 11%

2

Zurich

annual growth percentage 9.4%

3

Berlin

annual growth percentage 5.7%

4

Singapore

annual growth percentage 5.5%

5

Mumbai

annual growth percentage 5.5%

6

Edinburgh

annual growth percentage 5.1%

7

Shanghai

annual growth percentage 5.1%

8

Lisbon

annual growth percentage 4.6%

9

Nairobi

annual growth percentage 4.5%

10

Bengaluru

annual growth percentage 3%

16

Delhi

annual growth percentage 1.2%

22