High prices n weak demand impact realty firms
Growth of realty firms reined in by high prices, weak demand
Home sales have dropped in what’s traditionally been the strongest quarter for property sector
14 Jan 2011
Growth of most real estate companies in the December quarter remained muted on the back of higher pricing, weak demand and delayed project approvals.
Residential volumes declined in what is seasonally considered to be the strongest quarter that’s typically boosted by festive sales, said analysts.