Realty could slow down due to price and interest rates
10 Jan 2011
Housing demand to slow down on higher price and mortgage rate
New Delhi, Jan 10 (PTI) Housing demand is likely to slow down due to higher prices and increased home loan rates in the current year, rating agency Fitch said today.
"The higher prices combined with the increase in interest rates on mortgages in 2011 is likely to slow down growth in the residential segment," Fitch said in a report referring to demand and sales.
After a huge slump in 2009, real estate sales zoomed on in 2010, driven by pent-up demand for homes, particularly in the affordable housing segment. The trend was witnessed throughout the country.
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Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, Noida Tags: affordable housing, commercial real estate, commercial space, gurgaon property trends, home loan rates, home loans, mortgage rate, ncr property trends, noida property trends, real estate sales, real estate sector, residential units