![Stable home loan interest rates keep house purchase affordability supportive in H1 2024: Knight Frank India](https://propertyworldglobal.com/wp-content/uploads/2024/07/kf.jpg)
Stable home loan interest rates keep house purchase affordability supportive in H1 2024: Knight Frank India
Ahmedabad, Pune and Kolkata are the most affordable markets
Mumbai is the only city above the affordability threshold
Mumbai, August 07, 2024: Knight Frank India, in its proprietary report, Affordability Index, cited that home affordability has remained stable in H1 2024 (January to June 2024) as interest rates have stayed steady since the end of 2023. According to the Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 21%, followed by Pune and Kolkata at 24% each. Mumbai was the only city that remained marginally higher than the threshold at 51%.
Knight Frank India's Affordability Index, which tracks the EMI (Equated Monthly Instalment) to income ratio for an average household, witnessed steady improvement from 201...