There are few other factors which will push the price higher, now is the best time you can buy an affordable property and save yourself from price hike. CMRS properties, builds houses which are appropriate priced to fit your budget and to add to your lifestyle at the same time.
Market Demand and Higher Input Costs:The traditional mutual fund, shares buyers are now keen to invest and reap dividends from the real estate market growth. These factors will increase the demand and hence the prices are going to go higher than normal inflationary price rise. Also, the construction cost has increased by 40% in two years, this eliminates any scope for reduced prices. Banks' reluctance to lend to real estate companies has led to increased cost of borrowing, adding to the overall cost. In fact, these factors will also result in an increase in prices in improved market conditions.
|Things that happened in 2013|
Things that are happening in 2014