2011 a year of highest home loan rates!
2011 is now known as the year of high home loan rates. Never before the loan borrowers had faced such a rapid hike.
Simultaneously, year 2011 will be known for aggressive property buying in peripheral and suburban areas of cities across the country.
The high interest rates ended up the developers to sell the properties at affordable prices. In a span of 12 months the interest rates has been hiked for 13 times.
On a large scale, the realty sales was also dropped, bringing in huge loss for the developers and builders. However, the key highlight of the year 2011 was the rise of end users and the exit of the investors.
Source: The Economic Times
Affordable property, Aggressive property buying, Builders, Developers, End users, High home loan rates, Interest rates, Investors, Loan Borrowers, Properties at affordable prices, Realty sales
