Hyderabad: Nearly 80% of homeowners in Hyderabad expect an increase of up to 10% in property rates in a year, a report released by the international real estate consultant mentioned.
The latest Survey Knight Frank India entitled “Indian Buyer Survey 2021 – Living at the Times of Covid-19” states that more than half of respondents in the city tend to shift to a new home and 55% express their willingness to buy one second home in the next year.
Of those surveyed, 57% of respondents expect a 10 to 19% increase in their current home prices in the next year.
These, experts believe, is a quantum change towards optimistic sentimental values because more than half of them reported a decline in their main residence since the start of Pandemic.
“The Hyderabad housing market is very optimistic at various key parameters throughout the buyer’s sentiment.
Greater green open space, access to good health services and proximity to the workplace area is the main feature to influence the purchase decision of home buyers,” said Rajani Sinha, Head Economists and national directors – Research, Knight Frank India.
Surveys show that 54% of respondents reported a 9% increase in their expenses.
“While IT companies continue to grow in their core business, Hyderabad continues to be a promising residential destination for end users and investors.
Interestingly, the attitude of home buyers has been positive when it comes to spending a tendency,” Sinha said.
80% of homeowners see an increase in asset levels
