Financial Express-Buying vs Renting: Residential demand in metros sees strong growth amid rising rental yields
The debate between buying and renting homes has once again resurfaced, and search trends from Magicbricks reveal an inclination among customers toward homeownership. With rising rental yields and a growing sentiment for owning property, data from Magicbricks highlights a notable shift in consumer behavior.
According to Magicbricks, across 13 metros, residential demand (searches) increased 7% YoY between July and September 2024, compared to a 3.1% YoY growth in rental demand (searches).
