Delhi 7th globally in prime property price rise, Mumbai 31st: Knight Frank

Annual average prime price growth stands at 1.3% across 45 global cities

The looming threat of a global trade war, uncertainty around Brexit and International Monetary Fund's (IMF's) projection of slowdown for 70 per cent of the world's economies has led to luxury residential prices register the lowest annual growth since the first quarter (Q1) of 2009. 

According to data released by international property consultant Knight Frank as part of its Prime Global Cities Index for Q1 of calendar year 2019, rise in prime property prices across 45 cities, globally, has slowed down from 4.3 per cent two years ago to 1.3 per cent at present. 

Among Indian cities, Delhi, which secured