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deepyyy999's review
Investment Sector: Emerging Markets Submitted by Deepyyy999 
, Student
6 months ago Add Tag |
Downturn in property prices expected
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With the Reserve Bank of India increasing repo rates to 8.5 per cent, I think people can expect a downturn in property prices. As a matter of fact, I think that there is going to be further slide of 5 to10 per cent in prices over the next quarter.
Point to be noted here is that a drop in demand could force property developers to bring down to prices in order to minimise damage. Plenty of builders, especially in Mumbai, are now offering discounts to attract buyers.
Residential property prices have gone down by 15 to 20 per cent in the past few months across the country. For consumers, this may be a good time to buy a property but here’s a cavear: bearing that loan may just become tougher.
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