Investors’ interest push up prices in mid-segment properties
Prices of mid-segment properties have risen as investors are beginning to shun luxury segment due to poor returns and are now seeking to invest in lower-priced properties.
Real estate agents, on their part, are now pitching mid-income homes which are priced at Rs 40-70 lakh to the investors who were earlier investing in luxury homes.
The sales in the luxury home market are down by more than 50 percent compared to last year due to low appreciation in either capital values or rentals.
Most of the pent up demand is in the lower income housing bracket, with the luxury market being heavily over-supplied and the growing interest of investors in the mid segment only means that the prices of the middle class property will go up.
To read more real estate news:
Demand for new affordable segment stable in Kolkata
low appreciation in capital values, low rentals, lower income housing, luxury segment, mid-income homes, Mid-segment properties, property price, Real estate agents, real estate investors, real estate investors in India, Residential Sector
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