3 years, 3 months ago

Housing prices to move up 5% in 2022: Report

Chennai: Assuming supply and demand-side equations being favourable, residential property prices are likely to see a 5 per cent rise in 2022, says a report. The decadal analysis of the 2011 to 2021 period indicates many of the supply and demand-side factors have started putting upward pressure on house prices and as a result around 5 per cent price increase is likely in 2022, according to property consultants Knight Frank India. While 2021 was mostly impacted by pandemic-induced volatility, 2022 may prove to be a more stable year for the sector— both for commercial and residential sectors, said the ‘2022 Outlook Report’. While globally house prices moved up in 2020, India was among the very few countries which saw prices declining.

Deccan Chronicle

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