Page 2 - Home Prices

High demand pushed home prices up 20% in 2023 as compared to 2021: Report

The highest rise in prices was witnessed in Delhi-NCR, followed by Bengaluru and Kolkata

Mumbai, Bengaluru in top 10 cities with highest home price rise in APAC

In the region, Singapore saw the highest price rise followed by Perth and Brisbane

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

65% Indians looking to buy a home in 2024: NoBroker Annual Report 2023

The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home

Affordability levels of homes hit in last 2 years, to improve in 2024: JLL

The rise in housing prices and mortgage rates have impacted affordability levels to buy homes in the last two years across seven major cities but it may improve next year due to a likely reduction in repo rate, according to JLL India. The improvement in affordability levels would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans. The consultant on Sunday released its 'Home Purchase Affordability Index' (HPAI), which signifies whether a household earning an average annual income (at an overall city level) is eligible for a housing loan on a property in the city at the prevailing market price. "The rising repo rate in 2022 as the RBI reacted to the global recessionary and inflationary trends, plus a strong demand recovery spurring price hikes, worsened affordability in 2022," the report said. In 2023, the consultant said that affordability levels are likely to marginally worsen or remain the same when compared to 2022

India home prices to outstrip inflation, driven by high end of market: Poll

The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively

IT hubs push home rent in India up 30% in first 9 months of 2023: Anarock

The highest jump in home rent of 31% was recorded in the Whitefield region in Bengaluru

Mumbai reports 4th highest rise in home prices globally: Knight Frank

The price rise was the steepest in Manila at 21.2%, followed by 15.9% in Dubai and 10.4% in Shanghai

Global residential prices fall but high demand keeps Indian cities costly

The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank

China's new home prices in August fall at fastest pace in 10 months

China has in recent weeks delivered a raft of measures to boost home buying sentiment, including easing some borrowing rules, and relaxing home purchasing curbs in some cities

Mumbai to see the highest rise in residential prices in the world in 2024

At 48.8%, Dubai saw the steepest price rise in home prices in the quarter that ended on June 31 as compared to the same quarter last year: Knight Frank

Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16%

Delhi-NCR saw the highest increase in residential prices at 16% year-on-year, followed by Kolkata and Bengaluru with 15% and 14% increase, respectively.

From Bengaluru to NCR, home rentals see a steep rise in last one year

In the past one and half years, rents in the tech city have increased sharply, leading the residential market to achieve it's peak in the region

Mumbai, Bengaluru among top 5 APAC cities with the steepest home price rise

Delhi was also on the list of top ten such cities with an average price rise of 6.8 per cent in the second half of 2022

Home prices set for steep 6-10% jump this fiscal, 3-5% next: Report

Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said. The agency expects residential prices to rise 6-10 per cent this fiscal and a further 3-5 per cent in the next across the top six cities due to the steep increase in raw material, labour and land costs. This, however, has not impacted demand for residences adversely, given a strong preference for larger homes as the hybrid working model continues in many sectors, it added. The top six realty markets are

RBI's Housing Price index up 4.5% in Q2, Kochi tops chart with 11.5% rise

Four of the 10 cities in the index recorded sequential contraction, the others posted expansion

Older house can offer price and location advantage, say experts

But ensure repair expenses don't erode initial gain; also carry out title check

Demand for 3-bedroom homes higher than other choices for first time: Report

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

China new home prices fall less in Dec on promotions, easing curbs

China's new home prices fell more slowly in December than a month earlier, official data showed on Saturday.