New Year has begun with
new hopes and dreams for property buyers as well as investors as the sentiments
and confidence levels of property buyers have turned out positive, detaching
their unwillingness to invest in the residential property market. This is in
severe contrast to the previous year, when their attitude had taken a severe
beating among high property prices, increasing interest rates and hefty
defaults in the delivery. With little sales and high inventory, property
buyers, end users and investors keep
one's distance.
Real estate sector is driven by the speculators and investors just giving way to one directed by the end users. The recent survey reflects the flexibility in the overall confidence level of property buyers as well as stakeholders. Home buyers as well as end users with strong confidence are showing the strong interests and aspirations to buy a deluxe home. Through the recent survey the findings have revealed that an overwhelming 75% of prospective home buyers have shown their certain intent to buy a deluxe home in the coming future. There is also a noticeable increase in their confidence levels with 39% being enthusiastic about home buying and 46% displaying sensible confidence.
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