'Property prices are down in real terms'

♠ Posted by at Thursday, October 02, 2014 in ,,, at Thursday, October 02, 2014

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..

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