Excuse Mr. Author, Are you saying prices have come down? I beg to differ with you... Only thing that comes into my mind is the panic buying of flat by middle class.. who were caught in the lure of falling floating rate interests have come down... and Mind you interest rates have almost doubled.
I would attribute that this high interest rate is a deterrent for many youth from purchasing flat.
Ground reality is - real estate lobby is thriving well and all odds are against the people who moved to flats, without seeing the razor & blade strategy of Banks.
