Hyderabad: Nearly 80% of homeowners in the city expect a price increase of up to 10% for their homes this year, revealing reports released by international real estate consultations.
Knight Frank India’s latest survey entitled “Indian Buyer Survey 2021 – Living at the Times of Covid-19” states that more than half of respondents in cities tend to shift to new homes and 55% express their willingness to buy both houses in the next year.
Of those surveyed, 57% estimated that their current residence prices increased by 10-19 percent in the following 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.
Larger green open space, access to good health services and proximity to the workplace area that is anchored as the main feature to influence purchasing decisions,” said Rajani Sinha, Head Economists and national directors – Research, Knight Frank India.
Surveys show that 54% 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.
Many in HYD tend to move the house, the eyes of the second arrival
