Although the overall economic scenario remains cautious, the real estate consumer is confident of his income for the coming six months, says a report by Housing.com and NAREDCO, titled ‘Concerned, Yet Positive – Real Estate Consumer Sentiment Survey (April – May 2020)‘.
“The survey findings suggest that a majority (59%) of the respondents think that the overall economic scenario, will either remain at the current levels or may slightly see some revival in the coming six months,” the survey notes. The survey also highlights that “Even though the real estate market is in the doldrums for the past few years, and has gone through policy and business recalibrations, it is still considered as a worthwhile form of investment (35%) followed by gold (28%) and fixed deposits (22%).”
Our research suggests that the real estate consumer is coming around the bottomed-out sentiments in early April 2020, which is evident from the increase in queries that are slowly inching towards the pre-March 2020 levels.
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