2 Oct 2014

'Property prices are down in real terms'


Property prices in real terms - that is, after adjusting for inflation - are coming down, RBI governor Raghuram Rajan said on Tuesday. 

"The value of real estate will increase in a growing economy, but the housing data suggests that with 7-8% inflation, prices are coming down in real terms and become more affordable as wages are going up," the governor said. Read More..

No comments:

Post a Comment