Covid-19 Impact on Real Estate Sector

 


Even before COVID-19, the residential real estate sector, which was once a bright spot in India's economy, was ailing. Despite this, it has remained in the doldrums during the epidemic, unlike most other major global property markets.
 
According to Reuters calculations based on the Reserve Bank of India's Property Price Index, average house prices grew only 2.5 percent last year. In almost every other property market, double-digit gains are the norm.

The property market was expected to pick up speed as Asia's third-largest economy regained its footing.

A poll of 13 property analysts conducted from February 9 to 28 anticipated that national house prices will rise by a median of 5.0 percent this year, up from the 3.75 percent predicted in a December study.

Location: India

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