India’s Moribund housing market stuck in low gear

LONDON (Reuters) – The outlook for India’s stuttering housing market has been ignored to some extent, and Moribund housing house prices are expected to rise more than three months earlier this year, but this growth will be the weakest. In less than a decade

By 2015, the Moribund housing annual increase in property prices in India was generally double digits.

However, recently the restriction on high-value bank notes and the lack of liquidity as a result of poor loans in the bank budget has weakened the accumulation of loans and housing shares.

It is very slow compared to last year when housing prices increased at an average rate of 5.6%, and at least its lowest level since 2010, when the Reserve Bank of India started tracking changes, the prices of housing.

The latest survey of 18 property analysts conducted between May 10 and June 3 has shown that country’s prices are expected to grow by 2.3% this year, expected to increase by 1.3%, but below normal inflation. But those nominal rates cannot be reached because more than 80% of analysts Moribund housing answered an additional question, which stated that their approach to the housing market was far behind. Director of Consulting Services Ashish Agrawal said, “In the residential sector, there has been a lot of pain in recent years, but with the return of the NDA government to power, investors will have to focus on sustainability and development.” Colliers International India Last year, in the banking sector, there Moribund housing was a bad credit problem, which gradually became a full liquidity crisis, one of the largest infrastructure lending companies, IL & FS, forced to pay its interest did not do. .

Home prices in Delhi, including NCR, are expected to fall by 2.5% this year and will be stable next year. In Mumbai, it was expected to increase by 0.5% and 1.0% respectively.

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