Home Prices

Delhi was also on the list of top ten such cities with an average price rise of 6.8 per cent in the second half of 2022

Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said. The agency expects residential prices to rise 6-10 per cent this fiscal and a further 3-5 per cent in the next across the top six cities due to the steep increase in raw material, labour and land costs. This, however, has not impacted demand for residences adversely, given a strong preference for larger homes as the hybrid working model continues in many sectors, it added. The top six realty markets are

Four of the 10 cities in the index recorded sequential contraction, the others posted expansion

But ensure repair expenses don't erode initial gain; also carry out title check

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

China's new home prices fell more slowly in December than a month earlier, official data showed on Saturday.

The plan, approved by the National People's Congress Standing Committee, China's top legislative body, is designed to guide rational property buying and will last for five years

Property consultant JLL India says mortgage rates continue to trend at their lowest in 15 years, thereby leading to reduced EMIs for homebuyers, thereby having a significant bearing on affordability

The growth in all-India House Price Index (HPI) slowed to 2 per cent in the first quarter this fiscal against 2.8 per cent in the year-ago period, according to RBI data released on Tuesday

Over 60 per cent of middle-income homebuyers in India expect prices of their primary residences to rise in the next 12 months, according to a survey by Knight Frank.

The wealthiest home buyers who fled virus lockdowns for Dubai have helped spur demand for luxury homes earlier this year, but the improvement hasn't been uniform

US home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1 per cent in January from a year earlier. That's the biggest gain since March 2014. Prices rose in all 20 cities, and the 12-month increase was larger for all cities in January than in the previous month. January's data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes, said Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. It's not yet clear whether that trend will fade as the pandemic is brought under control, Lazzara said, or if there will be a permanent shift higher in demand. The biggest price gain was in Phoenix, where home prices jumped 15.8 per cent, followed by Seattle, with a 14.3 per cent gain, and San .

India finished last at 56th rank in the quarter ending December 2020, according to the international property consultancy

U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S and P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1per cent in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2per cent year-over-year gain in November. Home prices climbed 14.4per cent in Phoenix , 13.6per cent in Seattle and 13per cent in Seattle in December. But prices rose all over. Chicago, which recorded the slowest price gain, saw a 7.7per cent uptick. Detroit was not included in the year-over-year figures because of record-keeping delays caused by the coronavirus pandemic. These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes," said Craig Lazzara, global head of index investment strategy at S&P DJI.XX. But he said it was ...

Leading realtors say it's difficult to judge the trend

The HPI increased 9 per cent in Ahmedabad, and contracted 5.5 per cent in Delhi

In the performance compared to previous quarter (Q2 2020), the ranking remains unchanged to 54th spot among the 56 countries and territories tracked in Q3 2020 index

Prices and interest rates are both low, and attractive discounts and payment plans are available that will sweeten the deal further

One in four people surveyed by Knight Frank, said they were more likely to move in the next 12 months as a result of the Covid-19 pandemic