Nearly 50% homebuyers expect property prices to increase: Report

Services activity, hiring and stable unemployment rate helping consumer confidence, it says

Real estate remains India’s preferred asset class with nearly 50 per cent of customers expecting prices to increase and the economy to grow, said a survey’s report on Monday.

The survey by Housing.com and National Real Estate Development Council (NAREDCO) found that 47 per cent of respondents prefer to invest in real estate. As many as 21 per cent of respondents prefer to invest in the stock market, 16 percent in fixed deposits and 15 per cent in gold. It found that 48 percent of respondents anticipate real estate prices to rise.

"India's residential market has seen a sharp revival