Rising Interest in Homeownership: How COVID-19 Boosts Confidence in Real Estate Investment #realstate #property #investinrealstate
Interest in buying houses has increased because of COVID-19. People feel more positive about owning homes now. They also trust the economy to get better, which is good for the property market. A survey by Housing.com and NAREDCO showed that 48% of people prefer to invest in property because it's a stable way to grow their money. The property market has been doing well in the first half of 2023. More houses are being built, and more people are buying them. Property prices have gone up by about 6-7%. Some popular areas like Gurugram, Hyderabad, and Bengaluru have seen prices go up even more. This has got investors interested again after a slowdown. But because prices are going up and home loan rates are also increasing, people want some help. They want tax breaks and flexible payment options. They also like it when property developers offer extra benefits. Ready-to-move-in houses are more popular than ones that are still being built. According to ...