Gurugram Property News & Real Estate Updates
04/07/2024
The proof is predicated on a drop in sales in the pre-construction market over the previous two years after mortgage rates started to climb. Homebuyer demand declined but house costs really rose 2% to 5% larger by the tip of 2023 versus a 12 months ago. The indicators for 2024 are for slightly improved inventory, extra selection for buyers. But purchaser demand is inching greater too, so the market balance looks as if it will proceed into the following yr, meaning the housing market is unlikely to crash anytime quickly. Meanwhile, owners who would normally sell their houses to downsize…