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One of the important factors spurring Bengaluru's growth was heavy state government investment (and its environment) in Bangalore's public sector industries which is what makes it so developed and rich. According to the Bangalore Innovation Report, with projected GDP growth of 8.5%, Bangalore will be the world's fastest growing city until 2035. [9]
India has growing data centre industry. Data centres are used for national security, internet infrastructure, and economic output. As of 2024, India's data centre capacity is at 950 MW, which is expected to be 1800 MW by 2026. [1] The data centre industry is valued at US$1.2 billion in 2021, a 216% growth from $385 million in 2014.
Those living in ‘left-behind’ areas (where house prices have decreased by 15%) tended to vote 10% higher for the Danish People’s Party than in ‘booming’ areas (where house prices have increased by 100% [17] In Germany, studies show that die AfD scores are higher in areas where house prices have not risen as much as the average rate. [12]
According to data from the National Association of Realtors, the median price for an existing home — one that’s already standing, not new construction — was $404,500 as of September 2024.
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Home prices rose 0.45% in March from February, according to mortgage technology and data provider Black Knight, marking the strongest single-month gain since last May.
The RPI is constructed to gauge price movement among non-distressed home sales and excludes sales of foreclosed properties.[1] The RPI has a lag time of about two months as a monthly tracking index. Specific indices are available for specific metropolitan areas, and composite indices are available for the top 10, 20, 30, and 100[2] metro areas.
At the same time, the index also showed that home prices declined 0.5% year over year. Meanwhile, data from Zillow revealed that the average US home value was $348,853 as of July 28, 2023, up 1.2% ...