A recent joint survey by FICCI and real estate consultant Anarock reveals that mortgage rates crossing 9% could significantly impact homebuying decisions. The survey, which involved 7,615 participants, highlights the concerns and sentiments of potential b
Mortgage RatesHomebuyingFicciAnarockReal EstateReal EstateOct 18, 2024
The key finding of the survey is that if mortgage rates exceed 9%, it could significantly impact homebuying decisions, with many potential buyers reconsidering their plans to purchase a property.
The survey involved 7,615 respondents from various segments of the homebuying market.
Anarock is a leading real estate consultancy that provides expert market analysis, trend forecasting, and advisory services to clients in the real estate sector. The company is known for its in-depth research and insights into the Indian real estate market.
Some of the recommended measures include offering incentives for first-time homebuyers, implementing policies to reduce the cost of borrowing, and providing more transparent information about the homebuying process.
If mortgage rates continue to rise, there could be a notable decline in homebuyer demand, which could impact the overall health of the real estate market, leading to a slowdown in new construction projects and affecting the broader economy.
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