Real estate down but not out
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Real estate down but not out
Developers are throwing in sops other than lower prices to get buyers interested. Some are even offering the undertaking of another rebate if prices fall further. They say the fish is finally beginning to take the bait - buyers have started coming in the past couple of weeks.
So, can prices fall any further? Perhaps, by another 5-10%, but there's no crash coming. At least, that's what real estate consultants say.
Anshuman Magazine, managing director of CB Richard Ellis, South Asia, says, ''Actually, the property marketcould be bottoming out, particularly for new apartment projects". But how are developers able to cut prices? Partly by cutting the fat profit margins that the real estate industry had got accustomed in the last four years and partly by sleight of hand. Market trends in the last couple of weeks suggest there is demand if developers sell their apartments for 25%-30% less than the going rate in the area.
for more visit www.findghar.com
So, can prices fall any further? Perhaps, by another 5-10%, but there's no crash coming. At least, that's what real estate consultants say.
Anshuman Magazine, managing director of CB Richard Ellis, South Asia, says, ''Actually, the property marketcould be bottoming out, particularly for new apartment projects". But how are developers able to cut prices? Partly by cutting the fat profit margins that the real estate industry had got accustomed in the last four years and partly by sleight of hand. Market trends in the last couple of weeks suggest there is demand if developers sell their apartments for 25%-30% less than the going rate in the area.
for more visit www.findghar.com
rohit123- Posts : 34
Join date : 2012-05-26
Re: Real estate down but not out
Yes real estate property is down but out of business. If real estate buy-to-sell go down but on the other hand buy-to-let is still there. It is expected in 2017 property rates will increase by 20%.
Re: Real estate down but not out
The real estate business is down but not out . I am agree with. The real estate can't out. This is low risk business that why it can't go out.
Re: Real estate down but not out
ilserosenberg8299 wrote:The real estate business is down but not out . I am agree with. The real estate can't out. This is low risk business that why it can't go out.
Yes Real Estate business never out,Location,advertising and property management tricks are helps in successful in real estate business.
villa- Posts : 12
Join date : 2013-02-04
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