Posts Tagged ‘mortgage rate’

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.
Read more…

Be the first to comment - What do you think?  Posted by ncrhomes - at

Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, Noida   Tags: , , , , , , , , , , ,