Prices of luxury homes in Mumbai likely to dip 5% in CY19: Knight Frank

Luxury homes in Mumbai could cost less by the end of the calendar year 2019 (CY19). A recent report by Knight Frank on real estate trends titled ‘Global Outlook 2019’ suggests growth in prices of luxury homes across the globe is slowing. 

The proliferation of property market regulations, the rising cost of finance, uncertainty surrounding Brexit and in some markets and a high volume of new prime supply are the factors, it says, that are weighing on prime prices. More muted growth is the main story for 2019 forecast, the Knight Frank report says.

However, Knight Frank does not foresee