Jefferies expects home prices to surge by over 10% in next two years

Leading realtors say it's difficult to judge the trend

Inventory of residential properties would fall to an eight-year low by end of the current calendar year and home prices would rise by over 10 per cent over the next two years, said Global brokerage Jefferies. 

"The start of a new residential cycle should become evident over 2021 as both end-users and investors get back into action. We expect residential sales to cross 2019 levels, inventory to fall to an eight-year low by end-2021 and prices to rise by over 10 per cent over next two years," said Jefferies in a recent report.

However leading developers such as Niranjan Hiranandani,