Global slowdown: Will property prices take a dip?

BrixResearch Moderator says: Market analysts are certain that property prices in India will come down owing to the current slowdown in the global markets. Cash crunch in the US markets has set a tizzy in the global markets. Indian property developers are anticipating some ripple effect of the same. This has brought in a halt to the property prices as developers are desperate to sell their projects.

Will this market correction bring down the prices of property? Will price correction help boost sales of property projects? What’s your take on this?

Type your response in the ‘comments’ section.

Is property sector regaining?

BrixBlog Moderator says: Interest rates have been slashed by most banks. The government is considering measures to boost the real estate segment. Does this news impact your property buying decision?

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Govt likely to restrict home loan rate. Will you consider borrowing?

BrixResearch Moderator says: In its bid to boost the realty segment, the government is pushing state-owned banks to offer interest rates on housing loans with certain riders. Media reports have quoted that home loans up to Rs20 lakh will be offered at just 7 to 8 per cent. Similarly, loan amount more than Rs20 lakh will be offered at certain definitive percentage.
 

- Will this move bring in more borrowers in the market? 

- Does this encourage you to consider a home loan? 

Share you views in the ‘comments’ section.