ARE REALITY PRICES SET TO FALL?

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Most property buyers seem to think so and are waiting for a price correction before investing in it, according to a recent online survey conducted by Economic times.com. Here are some other findings.

Respondents Profile
Gender
Men Women
92.3% 7.7%

Occupation
Business Retired Salaried
7.3% 1% 91.7%

Do you expect a correction in the property market?

No price will be go up 19.2%
No price will remain stable 23.9%
Yes at least 10% 25.3%
Yes more than 10% 31.6%

How would you rate the property market in your city?

Affordable 4.4%

Slightly overpriced 28.4%

Massively overpriced 67.2%


Are you planning to buy a house in the next one year?

Yes 72.9%

No 27.1%


In which area your city can you offered a project now?

Within city limit 25.7%

Distant suburbs 23.1%

Suburbs 51.2%

How much premium are you willing to pay for a ready-to-move-in property?

1-2% of the property cost 20%

2-5% of the property cost 15.9%

5-10% of the property cost 9.5%

More than 10% of the property cost 3%

Nothing I can wait 51.6%

What would be your top priority while choosing a house?

Away from city congestion 16.25%

Proximity to children’s school 28.9%

Proximity to friends or relatives 11.4%

Proximity to my workplace 43.5%

What would you prefer among these options?

A bigger house in a suburbs 56.6%
A smaller house within city limits 43.4%


Online survey conducted by Economic times?

The percentage of people within an annual income of less then 5 lakhs, Which prefers to have a small house in the city limits compared with the
bigger house in suburbs. 60.3%

Most salaried people expectedly prefer a house close to their workplaces, fallowed by 30.2%, which prefers proximity to their children school. 44.4%

Is staying on rent a good idea in this market?

No, it is always good to buy Instead of renting 20%

No, rents are going up too 16.7%

Only if you can’t afford to buy now 25.6%

Yes, and wait till a price correction 37.7%