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Indian home prices to accelerate again despite higher rates

Posted on May 30, 2022 by Michael

By Reuters

Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers. A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space. But the release of pent-up demand in India, as most employees return to workplaces amid improving vaccination rates and fewer COVID-19 cases, has stirred the Asian country's housing market along with a return of large institutional investors.

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