[Investors Please Listen] Pan-India Property Brokers' Poll - pessimism digs in deeper

     Key takeaways from our Pan-India Property Brokers’ Poll on the residential property market: Generally, first quarter of the calendar year (January – March) is a busy season for real estate brokers but in current year, brokers witnessed very weak traction. We believe that buyer sentiment will remain negative on the back of weak economic environment. Consequently, we expect property volumes to remain muted and prices to decline further. We maintain our negative stance on the sector.

                  None of the respondents expect prices to increase in next 3 months throughout India

                  We expect prices to stabilise for the next few months, given that the bust season is behind us

                  More than 95% of the total respondents are not expecting prices to increase over next 1 year

                  Brokers outlook over next 12 months have weakened significantly since our last poll; 53% of respondents expecting prices to decline against marginal 12% earlier

                  Overall observations:

                                78% of brokers believe prices have fallen over the past one year

                                99% brokers believe prices have fallen over the past three months

                                87% brokers have seen a drop in transactions over the past one month

                                73% brokers have witnessed a reduction in enquires over the past month

                                76% brokers expect price trend to be negative over the next three months

                                53% brokers expect price trend to be negative over the next one year

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