Real Estate Prices Showing Downwards Trend

Posted on February 28, 2008

Filed Under India Property Trends | 5 comments

In th February 24, 2008 issue of Business Today, there was an article on how real estate prices seem to be correcting and showing a downwards trend.

This could be a direct effect of the stock market turmoil.

Comments

5 Responses to “Real Estate Prices Showing Downwards Trend”

  1. Rav on March 13th, 2008 3:43 am

    Property prices are going and this time could be suita;le for the invester to invest their money in market . Where all the bank rates are going down to allow the investers to aply for loans and mortgages and helping investors to put their money into the market and off course the builders and brokers are reducing their price as well to provide the property at cheap rates. The market went down and really effect the stok market as well as the dollor is becoming expensive due to the ARM’s (Adjustable rates policies) by the US banks and this time where the market is down they are facing the problem of losses as being forced to reduce the prices of mortgaes.

  2. amit on April 2nd, 2008 7:37 am

    ya its true but it will be not continue ,still there is a boom in real estate and day by day it will be increase.

  3. Vikas on April 3rd, 2008 3:00 am

    I dont think so. Please read this news:

    An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
    The projections which was made by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) during January, the Indian property market is projected to grow at a rate of between 40 to 45 % during 2008.
    This follows growth of between 35 to 38 % in the previous two years – largely as a result of massive investment which has poured into the country.
    “In certain cities, yes [the boom will continue]. In the centre of towns and cities such as Mumbai and Delhi the boom is continuing, but I do not know what is going to happen with the present situation,” said Jaideep Singh, head of the India desk at Knight Frank.
    In further evidence of the market’s strength, a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE), published in February, found India’s booming property sector has attracted foreign investors and figures in the top three property markets.Following the US and China, India at presents the best opportunity for capital appreciation in the world.
    Source: http://www.propertywala.com/news/wait_and_watch_before_investing.html

  4. Vikas Bamotra on April 10th, 2008 5:25 am

    While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region.

  5. B N Rawat on August 2nd, 2008 12:39 pm

    Now prperty bubble is burst. wait for at least 5 year for rocketing rising property. I think in 2008 min 10% drop
    2009 no change (depend on location)
    2010 another 10% drop (wait for new govt, intrest rate , New Budget)
    Bye take care

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