BENGALURU - India’s housing market is likely to struggle throughout 2020 as sluggish demand and a weak economic outlook overpower recent government measures efforts to boost activity, a Reuters poll of market experts found.
The Feb 19-March 2 Reuters poll of 17 property analysts showed average house prices predicted to rise 2.0% this year and 2.5% in 2021. Project delays due to the recent liquidity crisis meant fewer people were buying houses, he said. “There is a dire need to address this concern immediately.” And all respondents said a prolonged period of sub-par housing market activity followed by a recovery is more likely over the coming year. None chose ‘an acceleration’ or ‘a slowdown’ from the options provided.
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