Year Ender Quote : The year 2022 can be termed as one of the best years for both home buyers as well as developers Says Saransh Trehan, Trehan Group
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Below is Year Ender Quote By Saransh Trehan, Managing Director, Trehan Group
The year 2022 can be termed as one of the best years for both home buyers as well as developers. Homebuyers made a good buy thanks to stable property prices, low-interest rates, options of choosing from completed inventory and so on. At the same time developers were able to clear their inventory and debt, because of good sales.
Bigger homes, independent floors and plots were the main sought-after or preferred options of home buyers during the year 2022.
We expect that housing demand, driven majorly by end-users, will continue in the year 2023, despite setbacks in the form of increasing home loan interest rates.
The overall industry will see a lot more confidence from the buyers and investors. Affordable housing segments, independent floors and plots will continue to attract home buyers even in 2023. However, property prices are likely to move upward because of an increase in construction cost and higher demand.
Above views are of the author and not of the website kindly read disclaimer
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