grindingla
New member
It is observed that the index of house price, had been growing at an annual average rate of about 20 percent (y-o-y) in 2011-12 and 2012-13. However, the pace of growth in the average house prices slowed in 2013-14 at 12.7 percent, plausibly reflecting a correction in trends on the back of subdued demand. For the latest Q4 of 2013-14 quarter, the y-o-y increase in the House Price Index at the all-India level was 11.4 percent compared to 10.5 percent in the preceding quarter.
Quarterly data comparison of Tier 1 Cities I have used the data available on RBI's website to see the performance of tier 1 cities with the base as the 2010 year.
It is evident that buying a house was a great investment back in 2008 or even beyond but considering the last 10 year data even though the prices are increasing but the growth rate has substantially decreased. This should be a good start to consider before buying an extra house in a form of investment.
ALL INDIA HPI: This shows the decrease in YOY with 2010 as the base year.
Open for thoughts
Quarterly data comparison of Tier 1 Cities I have used the data available on RBI's website to see the performance of tier 1 cities with the base as the 2010 year.
It is evident that buying a house was a great investment back in 2008 or even beyond but considering the last 10 year data even though the prices are increasing but the growth rate has substantially decreased. This should be a good start to consider before buying an extra house in a form of investment.
ALL INDIA HPI: This shows the decrease in YOY with 2010 as the base year.
Open for thoughts