Macronomics: Housing Prices Grow at Lowest Rate Since 2008, From the Residex

Comments Off Written on March 4th, 2014 by
Categories: Premium, RealEstate

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In our last post on the National Housing Bank’s Residex Index, we talked about City level data on housing prices and how it looked like prices were tapering off, but not yet falling.

The slowdown of a long running bubble is now visible, with prices showing signs of reaching a top. The inevitable wiggles remain, and prices have hit a new high, but price action looks considerably benign. It is likely that some interest from NRI’s on the back of a falling rupee in the Oct-Dec 2013 quarter has propped up prices; but even then the year on year price change is very low.


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The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.