Tag Archives: Increase

Homeowners pessimistic about the short-term future of home values

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Homeowners doubt these days of the future home values due to which they plan to put their home up for sale if they see the same conditions prevailing in next six months too.
According to a survey, 33% people believed that home values in their housing market are still above the bottom line while 38% believe that they have already reached a bottom.
28% homeowners expect a decrease in home values in the next six months. However, 30% of them are expecting an increase in their local market.

In totality, 27% of homeowners hope for an increase in their home values in the next 1 year, 12% expect a decrease in value, 35% say the value ill be same and 26% don’t have any opinion yet.

Real Estate; the Best Investment Option

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Ground Floor - Going Up? 2

The realty prices in cities like Delhi, Mumbai or even some of the smaller tier II cities, like Jaipur or Coimbatore, have shown a remarkable increase over the past few years. This growth has proved the advice of Mark Twain, an American author, that ‘Buy land, they are not making it any more’.
There is no paucity of multibaggers in Real estate. Many cases have been observed in which the property brought in 1986 for just Rs. 1 Lakh is now valued at Rs. 1 cr. or even more.
Thus, it can be inferred that prices are multiplying a whopping 100 times in approximately 25 years at an annual return of 20 percent per annum. For example, in 1977, Mr. N Mehta, a retired professional had bought a 1 BHK house in Andheri, Mumbai, for Rs. 70,000 and the price of this BHK now is Rs. 70 Lakh.
According to the head (real estate investment advisory) of Birla Sun Life AMC, Mr. Sashi Kumar, In today’s scenario, each one should hold realty in the portfolio, although the ratio of how much he/ she should hold could depend on the individual.