Almost 50% of buyers prefer real estate to stocks, gold and fixed deposits: Housing.com-NAREDCO survey
Real estate continues to be the preferred asset class for investment and nearly 50 per cent of prospective customers expect prices to rise in the coming months due to strong demand during festive season, according to a survey by Housing.com and National Real Estate Development Council (NAREDCO).
The survey found that housing prices recorded a seven per cent year on year increase in April-June quarter of 2022 and 48 per cent of respondents anticipate prices to rise further in the coming months.
As per the findings, 47 per cent of respondents prefer to invest in real estate, the highest compared to other asset classes such as stocks, gold, and fixed deposits. The data shows that 21 per cent of respondents prefer the stock, 16 per cent fixed deposits and 15 per cent gold.
The survey of over 1,000 participants titled ‘Residential Realty Consumer Sentiment Survey H2 2022' observed that 58 per cent of homebuyers who are primarily end-users are looking for ready-to-move-in property. The income outlook continues to strengthen and has reached an all-time high of 65 per cent since 2020. Strong services activity, an optimistic hiring scenario and a stable unemployment rate have all acted as sentiment boosters, bolstering consumer confidence.