Having your own house is a dream for many. Buying your own house by spending your life savings on the house is a proud moment. But the dream had turned a bit costly in the past two years due to the pandemic and a hike in raw material prices.
As a piece of bad news to those who want to buy a house, the property prices are expected to go up by more than seven percent. The hike is nationwide and the properties in the major cities are likely to turn costlier than ever. Experts say that the hike will make the properties costlier in recent times.
Participating in a poll conducted on property prices, the analysts and experts predicted that the prices might go up. On average, the prices might increase by more than 6 percent while this year would see the prices going by around 7.5 percent.
Since 2020, the real estate and housing fields went through a dry period of around one and a half years due to lockdowns. With the situation coming under control, the business started to bloom seeing good numbers in sales. The rise in prices of steel and cement made the properties a bit costlier.
When everything seemed under control, the prices are likely to go up as an unexpected thing. With the cost of properties exceeding their budgets, the enthusiast might have two thoughts on buying a house and they are expected to change their plans of buying properties.
As a piece of bad news to those who want to buy a house, the property prices are expected to go up by more than seven percent. The hike is nationwide and the properties in the major cities are likely to turn costlier than ever. Experts say that the hike will make the properties costlier in recent times.
Participating in a poll conducted on property prices, the analysts and experts predicted that the prices might go up. On average, the prices might increase by more than 6 percent while this year would see the prices going by around 7.5 percent.
Since 2020, the real estate and housing fields went through a dry period of around one and a half years due to lockdowns. With the situation coming under control, the business started to bloom seeing good numbers in sales. The rise in prices of steel and cement made the properties a bit costlier.
When everything seemed under control, the prices are likely to go up as an unexpected thing. With the cost of properties exceeding their budgets, the enthusiast might have two thoughts on buying a house and they are expected to change their plans of buying properties.