April 11, 2022
Real estate slowdown has hit the International or National Real Estate, property buyers, sellers, brokers and builders. However, it is the investors who are the worst of the lot here. People who had purchased property expecting huge sums are in a for a ride shock. Not only have the property prices stagnated but their overall appreciation has also gone down.
Further, there are very few property buyers in the market at this point of time. Hence small investors have much to lose while the big investors can still breather easy thinking that the market conditions will improve further and their investments will real some profits.
A recent media report specified that the number of property registrations at the regional registrar's office has dipped by 10-15% in the last quarter as compared to the corresponding quarter last year.