Are home sales up or down? Is it a good time to buy?

Homes are the biggest investment and purchase that people do in their lifetimes, and they usually falter and make mistakes of great magnitude in this step. A lot of back research needs to be done in this sector, and only then calculated moves should be made. The help of a professional real estate agent is always recommended. For now, the home loan rates have come down, the property prices have more or less coagulated, and the Real estate regulation and development activity has promised to look after the frauds.

Different people have different opinions about this scenario, and the real estate developers, property agents, and the housing finance companies have to say that this is the best time to invest in a home. Although, research of market talks completely differently and has a different take on the matter.

Research and scenario: 

The research states that in about all major cities, the prices of home rose exponentially over the last few years. In Kolkata and Delhi, property prices, on the other hand, have come down after 2014. This is but of course a much-generalized statement, and there is no guarantee that the entire real estate market has seen a fall in prices. This is but of course a trend observed in the market.

While the prices have come down in certain places, a lot of places have seen a steep increase in the rates, making the scenario uncomfortable. Since the last few years, there has been a consistent change in the property trends, and GST and RERA have brought about this change. It is mandatory now for all projects to register under the RERA, and not doing so will lead to criminalization of the builder. Now, RERA will protect the consumers from the unscrupulous builders and help in the overall growth of the property. It will be impossible for the temporary builders to stay in the market because of the new policies that have been introduced: making this year a good year to start off with home investments. Peninsula Heights - A Pre - Launch Residential Project in JP Nagar, Bangalore is waiting for you. Invest now and get early bird offers.

Buyers’ market: 

There has been recently a large amount of supply in the real estate business, along with a drop in consumption, making the situation favorable for the buyers. But this state won’t remain for long if the buyers do not act soon and grab their opportunities fast. Now with the real estate authorities in the market, the builders have to make sure that their project is completed on time, and thus new launches of home have come down by at least 75% in all the major cities, making the supply low. The supply of houses will slowly come down and equate with the demand, making the situation tense and out of control for the buyers.

In the present ecosystem, buyers have a good chance of investing into the property and making the most out of it, since this low a price won’t remain in the market for long. This is when the opportunities need to be grabbed.