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Of falling property prices and when to buy a house

October 22, 2008

Property rates to fall in 6 months

With the RBI having cut rates, it is only time before banks begin to drop their home loan rates.

Over the next 6-8 months, even the stock markets might start looking up with the gigantic US financial bailout plan taking effect easing the global credit crunch.

With the Indian economy doing fairly well, following a good monsoon, over the next 6-8 months, interest rates might come down as will property prices.

Image: Labourers work at the construction site of residential apartments on the outskirts of Hyderabad. | Photograph: Noah Seelam/AFP/Getty Images

Also read: Meltdown: Thousands of jobs to go globally!

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