Srikant Said -
Quote:
|
I have been planning to buy a house in NCR for the last few months and I am a bit confused now if this is the right time or shall i wait till next year?
|
Well Srikant you dont have to be confused, in real estate there is one simple rule dont wait for property prices to come down, in real estate dont expect that price of residential property whether its Apartment/ flat or Independent house would go down, the price could go down a little for time but its so less that it hardly matter.
The amount of appreciation you would get on property would be much higher than the amount of money you would wait to come down by. If you have a good source of stable income i would suggest to rather wait for interest rate on home loans to come down. but dont wait much in speculations and start with 1 bedroom set flat or so , so that you can get apreciation as well rental income to buy a bigger house in comin year, but dont wait !!
All the Best
