Page 3 - Housing Prices
Housing prices beginning to firm up after two-year Covid hiatus: Eco Survey
Housing prices have started to firm up after a two-year COVID lull and unsold inventories have declined on rise in demand, the Economic Survey said on Tuesday, as it anticipated a decline in prices on the back of a cut in import duties on many construction materials. India's residential market has witnessed recovery this fiscal on pent-up demand with increase in housing sales despite impediments like rising interest rates on home loans and appreciation in property prices, said the Survey which was tabled in Parliament. The release of "pent-up demand" was reflected in the housing market, as demand for housing loans picked up, the Survey noted. "Consequently, housing inventories have declined, prices are firming up, and construction of new dwellings is picking up pace and this has stimulated innumerable backward and forward linkages that the construction sector is known to carry," the document said. Housing prices have risen due to an increase in the construction cost amid ...
 "Housing prices beginning to firm up after two-year Covid hiatus: Eco Survey")
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
 "RBI's Housing Price index up 4.5% in Q2, Kochi tops chart with 11.5% rise")
Older house can offer price and location advantage, say experts
But ensure repair expenses don't erode initial gain; also carry out title check
 "Older house can offer price and location advantage, say experts")
Australian inflation hits 32-year high amid rising gas and housing prices
Australia's annual inflation has climbed to its highest level in 32 years amid soaring prices for housing and gas
 "Australian inflation hits 32-year high amid rising gas and housing prices")
67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco
Supply of such housing insufficient to meet demand, says study
 "67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco")
China's housing prices fall again in August as slump reaches an year
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.29% last month from July, when they fell 0.11%, National Bureau of Statistics figures showed
 "China's housing prices fall again in August as slump reaches an year")
Curtains drawing on rising global house prices as interest rates grow: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts
 "Curtains drawing on rising global house prices as interest rates grow: Poll")
Chinese govt seeks to stabilise property market with loans, lower rates
Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a govt-guided attempt at alleviating a worsening housing crisis
 "Chinese govt seeks to stabilise property market with loans, lower rates")
Average housing prices rise 5% in April-June across 8 cities: Report
Revival in housing demand and rise in construction cost have led to a 5% average annual increase in residential property prices across 8 major cities during April-June quarter, according to a report
 "Average housing prices rise 5% in April-June across 8 cities: Report")
Ranveer Singh buys quadruplex worth Rs 119 crore near Shah Rukh's Mannat
Ranveer Singh has bought the quadruplex nearby SRK's Mannat along with his father Jugjeet Sundersingh Bhavnani's firm Oh Five Oh Media Works LLP
 "Ranveer Singh buys quadruplex worth Rs 119 crore near Shah Rukh's Mannat")
Amid rise in demand, housing prices may surge 8% this fiscal: Report
Furthermore, the surge in the housing sales in India has not been accompanied by a sharp rise in prices so far, it added
 "Amid rise in demand, housing prices may surge 8% this fiscal: Report")
Buying a second home? Keep in mind climate and connectivity
Select a popular location for capital appreciation, keeping in mind climate and connectivity
Hong Kong Feb home prices drop to 13-month low, hit by new Covid wave
Hong Kong private home prices dropped at a faster pace in February to their lowest since January 2021, official data showed on Tuesday
 "Hong Kong Feb home prices drop to 13-month low, hit by new Covid wave")
India ranks 51st in global list of annual rise in housing prices
Knight Frank said that India has climbed up five spots to the 51st rank in Q4 of 2021 against the 56th rank in Q4 of 2020
HDFC Capital bets on low-cost housing, emerges the largest investor
Emerges the largest investor among home-grown funds
 "HDFC Capital bets on low-cost housing, emerges the largest investor")
Housing prices rise by 3%-7% in 8 cities, including Mumbai, Delhi: Report
Housing prices across eight major cities in India, including Mumbai, Delhi, Chennai, Kolkata and Bengaluru, rose by 3-7 per cent, an industry report showed.
Ukraine crisis: Housing prices may rise due to input cost pressures
In a statement, CREDAI President Harshvardhan Patodia said: 'Post the geo-political escalations, oil prices have surged, and stock markets have crashed globally'
 "Ukraine crisis: Housing prices may rise due to input cost pressures")
Housing prices up 3-7% in top 8 cities in 2021; new launches up 75%: Report
Housing prices increased in the range of 3-7% last year across eight major cities due to rise in rates of construction raw materials like cement and steel, says property brokerage firm PropTiger.com.
Housing prices may rise 5% during 2022 on improved demand: Report
The report said that sales momentum is expected to continue in 2022 as prospective homebuyers' preferences for bigger homes, better amenities, and attractive pricing will keep them interested
Covid-19 hit India's residential market harder than US and Brazil
Average home prices in India, however, fell on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis during the June quarter