If you are into the real estate business, then this is the right time for you to concentrate more on the Hyderabad real estate market. You are probably confused by the question, "Why Hyderabad market now?" After the bifurcation of the Andhra and Telangana, the Hyderabad realty market is stabilising, and the housing market is taking up the hands to hold on to something interesting and more valuable.
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It is evidential in the realty market that the office segment is recovering and hence the demand is on the higher side, but the supply constraints are holding back a little. 2015 has been a great year so far if the real estate market is taken into account, but unfortunately the first half of the year was not so good for Hyderabad when compared with that of the other top cities of India. The real estate consultancy, Knight Frank reported that Hyderabad didn't have much to do in the first half of 2015 but managed to be above Kolkata which was in the last in the sales volume list of top 8 cities in the country. But, in the start of the second half of the year Hyderabad property value was raising, and the Hyderabad market is having a gradual increase in sales volume. This increase gives us the evidential proof that the market is going to be on the upper side exactly opposite to how it was in the first half of the year.
Why was the market on the downside?
The availability was the primary constraint. The decreasing availability of office space and also the demands that were left unfulfilled are the primary reason for the less growth. The space quality was little down which made the occupiers move towards the peripheral areas. The price was considered bit high locally but when compared with that of the other cities in the country, the price was lower. The executive director of Retail and hospitality at Knight Freak, Mr. Ghulam M.Zia said, "While pricing is a local issue, Hyderabad realty prices are amongst the lowest when compared to other cities." So the price was also one of the reasons to let market on the bottom side.
The Current Scenario:
As said before, even though the first half of 2015 was not as expected, the second half is showing out some promising improvements which make everyone believe that this half would turn around things. Another person from Knight Freak, Vasudevan Iyer stated, "While there is a drop in residential launches and absorption levels are also low, the scenario is bound to change soon with the recent RBI rate cuts, infrastructure development with metro connectivity and further impact of the political stability." He also added, "When compared to that of the real estate market in other cities, Hyderabad is showing promising improvement with the increasing demand and declining supply."
So, what to expect? Expect nothing but excellent sales volume in the Hyderabad realty market compared with the other top cities in India.
The real estate dự án phú gia quy nhơn for sale market is the economic sector that involves the buying and selling of infrastructure such as buildings either for residential purposes, business premises, and the industry segment. Like any business sector it is susceptible to the economic forces of supply and demand. The main people involved in this field include the owner, renter, developers, renovators, and the facilitators.
This sector has a number of characteristics that are specific to it. Real estate is durable since the buildings can last for many years while the land it stands on is indestructible. As a result the supply is composed of a large share of already pre-existing stock and a tiny percentage of new development. Thus the stock varies in price only according the deterioration, renovation, and the new development coming up.
Stock in this sector could be referred as heterogeneous since every piece is unique. All buildings are different in terms of the location they are situated in, their structure and design as well as how they are financed. Change in this field takes quite a long time. This is as a result of the long duration involved in financing and construction of new property.
The real estate has the very unique feature in terms of the buyers in this market. The property can be purchased either as an investment with the expectation of earning returns or as a consumption good with the thought of using it. Individuals could also invest in the market for both reasons whereby they use the property for a while before selling it at a profit. As a direct result of its dual nature, there is a high demand since individuals tend to over-invest in this sector.
Immobility is yet another characteristic unique to this sector. The properties as well as the land it lies on are both immobile. As a result there is no physical market place meaning one has to go to where the property is situated. Therefore this issue makes location a prime factor before investment.
The main factor in demand for property is demographic, that is the population size and growth. The demographic composition plays a huge role in determining the demand and as a result the price. The performance of the economy also affects the performance of the sector since it plays a role in the ability of investors to take loans and mortgages for financing their business ventures. Naturally, the pricing determines the level of demand in the sector.
There are a number of ways to finance investment in the real estate market from government and commercial institutions. Financial aid can be obtained from commercial banks, savings banks, mortgage brokers, life insurance companies and other financial institutions. However, the best practice still remains getting funding from your own savings.
In view of the recent real estate market crash it is best to follow some guidelines. As a buyer ensure that the price you pay for the property matters a lot as well as the ability to dispose of the purchase later down the road. If not it is advisable to downsize your mortgage to be on the safe side. As a seller, identify when it is the right time to put your property on the market in order to avoid low offers.