People are expecting the property rate in Mumbai to come down in the next few months as there is stagnation in the real estate market. People who were planning to buy flats in Vasai for sale and other India property Mumbai believe the prices will become affordable now as there are no buyers in the market. The sellers on the other hand believe that the demonetization will infact stabilize the real estate market. It is expected that home loan rates will come down and it will increase the purchasing power of the common man. If the repo rates are reduced by 1% or 2% there will be a significant difference in the overall EMI. Once repo rate comes down the demand of flats in Vasai for sale and other India property Mumbai will increase sporadically. With the increase in demand it is expected that stagnant property rate in Mumbai will also see an overdue price appreciation.
Since the last few years the property rate in Mumbai has remained unchanged but the salaries of buyers have been increasing. This means which each passing year the flats in Vasai for sale and other India property Mumbai are becoming more affordable for the end-user. However most of the buyers still feel that Mumbai real estate market is over-priced and they hope that a price a correction will happen soon. Most of the sellers on the other hand believe that it is unlikely that market will see a correction but they also add that if the home loan rates come down in the coming months the end-user will be motivated to invest in even at the existing property rate in Mumbai.
Both buyers and sellers are speculating and making their own assumptions but only time will tell whose assumptions and calculations prove to be accurate and who is going to benefit in the long run.
Since the last few years the property rate in Mumbai has remained unchanged but the salaries of buyers have been increasing. This means which each passing year the flats in Vasai for sale and other India property Mumbai are becoming more affordable for the end-user. However most of the buyers still feel that Mumbai real estate market is over-priced and they hope that a price a correction will happen soon. Most of the sellers on the other hand believe that it is unlikely that market will see a correction but they also add that if the home loan rates come down in the coming months the end-user will be motivated to invest in even at the existing property rate in Mumbai.
Both buyers and sellers are speculating and making their own assumptions but only time will tell whose assumptions and calculations prove to be accurate and who is going to benefit in the long run.
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