seems we are heading for big discount sale in property. most of the recent reports from reputed reseach houses and foreign banks revolve around real estate story. developers are facing high liquidity crunch which seems to be irreparable atleast for now.
i am not going to predict, price will happen by x% in x months. all i want to highlight over here is BE PREPARED for DOOM in Real Estate. Going by famous saying - All that goes up has to come down - and realty is no exception!!!
There are various instances sited wherein investors who suffered heavy losses in the recent market fall have either postponed their investment in realty or sold their investment in the same. Do you know! Share Market is always smart and discounts news in advance. Brush through the recent pages of stock mkt fall; which sector was worst affted ?- u gussed right - REALTY SECTOR. more 40% market capitalisation WASHED OUT from 31st dec 2007. Though it is difficult to conclude the property prices also follow similar pattern, one thing is certain, WE ARE HEADING FOR CORRECTIVE PHASE IN REALTY AHEAD.
Also in a resale flat bettre check wht the Transfer chrgs are? u get huge disc in per square feet but end paying same rate after adding trf chrgs. comments invited.
