Hello,According to a Reuters survey of real estate analysts, Indian home prices are expected to rise this year at a rate not seen in half a decade. The analysts also cautioned that increased borrowing rates will make homes less affordable, particularly for first-time buyers.Visit the home page of NoBroker for buying and selling legally verified plots in your city.Compared to other global markets that have skyrocketed higher as families rushed to buy extra living space during the pandemic, India's property market has remained relatively quiet due to a lack of demand. Now, those markets are slowing down.However, as most workers return to their jobs amid rising vaccination rates and a decline in COVID-19 cases, pent-up demand in India has been released, igniting the housing market there and luring back significant institutional investors.According to a May 11–27 Reuters survey of 13 real estate analysts, home prices will rise 7.5 percent nationally this year, which would be the highest gain in five years and an improvement over the 5.0 percent forecast in a March poll. In 2024 and the following year, an increase in average home prices of 6.0 percent was predicted.
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Is the price of real estate in India likely to come down in future?
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August 9, 2022
2022-08-09T12:14:07+00:00 2022-08-10T18:19:22+00:00Comment
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