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Of falling property prices and when to buy a house

October 22, 2008

Parekh also said that real estate sales are really down and added that ‘prices need to drop for sales to rise again'.

All over the nation, the real estate industry feeling the heat. Brokers, lenders, buyers. . . all believe that even though the market has fallen, it still hasn't dropped to reasonable levels and that it will slip further.

Image: Workers perched precariously on scaffolding as they work on a commercial property in Mumbai. | Photograph: Pal Pillai/AFP/Getty Images

Also read: Why Warren Buffett invested in Goldman Sachs

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