Home sales growth or decline? Property market split over demand

Real estate experts disagree about residential sales this year: some expect a multi-year high in the first half and others a decline.

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. Experts at Anarock Property Consultants, which is based in Mumbai, said such sales have tapered off in recent months.

According to Knight Frank, eight cities saw an annual growth of 60 per cent in the first half of CY2022 at 158,705 housing units compared to 99,416 units in the first half