PROSPERTY – REAL ESTATE PORTFOLIO MANAGEMENT

~ YOUR REALTOR

PROSPERTY – REAL ESTATE PORTFOLIO MANAGEMENT

Monthly Archives: September 2012

Indian property market near-term outlook remains stable: Knight Frank

12 Wednesday Sep 2012

Posted by Praveen Saanker in REAL ESTATE NEWS AND UPDATES, Uncategorized

≈ Comments Off on Indian property market near-term outlook remains stable: Knight Frank

Indian property market is expected to remain stable in the near future even as prices in some of the international markets may fall 10-20% in the next 18 months, said global property consultancy services firm Knight Frank’s proprietary partner and head of global residential agency, Lord Andrew Hay.

“American (property) markets are improving but some parts of Europe like Italy, Greece, Poland, Spain and Ireland, that have fallen by 60% in the last 5 years, are still vulnerable,” Hay  told ET. “Indian real estate is in a unique position like Singapore where actual demand is at work and therefore would remain insulated,” he added.

Hay thinks that despite economic and political changes in India, it’s still a promising market. However, in order to emerge as a mature market, India needs to incorporate a framework combining transparent legal system, easy finance, liquidity in market and availability of thorough research about the market that allows one to know about it.

He drove home the point that property prices in cities like Mumbai and Delhi surpassing their previous peaks of 2007-08 is justified. The pricing trends here are clearly based on demand and supply, and there’s no bubble being created as home buyers are not as highly leveraged as they were in the US and Europe, he said.

Anand Narayanan, National Director, Residential Agency – Knight Frank India, said too many regulations sometimes stifle growth. “”Some of the issues which actually do need regulation are customer rights; there should be regulations which ensure quality and timely delivery to customers,”” he said.

Narayanan thinks customer confidence, which has been rather low of late, is improving now.   “For the past 6 months, interest rates have been stable with a downward bias, mortgages are freely available. Hence, the outlook for (Indian real estate) in the near future seems stable/improving,” Narayanan said. He, however, admitted that economic growth and uncertainty in the job market are major worries.

Source: Economic Times, New Delhi Edition
Advertisements
Advertisements

Subscribe

  • Entries (RSS)
  • Comments (RSS)

Archives

  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009

Categories

  • ESTATE PLANNING
  • LEGAL ADVISORY
  • PORTFOLIO MANAGEMENT
  • PROJECT MARKETING SERVICES
  • REAL ESTATE NEWS AND UPDATES
  • Scoop.it
  • TAX ADVISORY
  • TRANSACTION ADVISORY
  • Uncategorized

Meta

  • Register
  • Log in

Create a free website or blog at WordPress.com.