Back

Next

Of falling property prices and when to buy a house

October 22, 2008

So if you are a buyer, you should hold off your idea of acquiring any property for now. However, once real estate prices drop further (analysts see the prices dropping between 25% and 35% from their peak rates in 2006-07) a fresh buying spree may begin.

A real estate boom or bust is also to some extent linked to the stock exchanges -- there is a boom when stock prices are rising and a slump when the stock market crashes. This is so because many investors channel their earning from the stock market into realty.

So just when will prices fall to their lowest levels and when should you look at acquiring property? Read on. . .

Image: The sun sets behind newly-built apartments at New Town, on the outskirts of Kolkata. | Photograph: Deshakalyan Chowdhury/AFP/Getty Images

Also read: All about the US bailout plan

Back

Next