Do you think property prices are likely to fall in the next 6 months?
It is true that there might be a demand and supply problem that contributes to the higher property prices in some areas of the country; however, it is not the key reason for the massive increase in house prices over the past 20 years. You can see the property trends of your region here. With the Union Budget 2013 just round the corner and slashed down repo rate and CRR, it is a waiting game to see whether the property prices would fall in the coming months or at least whether there will be a property price correction in the metros.
Makaan.com ran an online survey and asked the end users whether they think that the property prices would fall in the next six months. Surprisingly, quite a lot of home buyers, 61%, showcased a positive outlook and said that they are expecting the property prices to fall in the next six months. 32% of people interested in real estate investment said that there is not much hope for lower property prices and only 6% of home buyers said that they cannot comment on the subject and will wait for further developments to analyze the trends.
Analyzing the data it can be safely said that people are hoping for better and achievable trends in the real estate industry. For further discussions, you can log on to the forums provided by www.makaan.com: http://forums.makaan.com/ or you can have a one on one with our experts at the available chat option here.
Buying a home is one of the most significant financial investments that one ever makes; therefore, it is only advisable to do a proper market research and survey prior to finalizing anything. For more of such poll reports and to cast your vote in a poll, visit: http://makaaniq.makaan.com/ .