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Posted On October 17, 2023

Young Generation's Growing Preference for Real Estate Investments

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Despite the challenges presented by surging inflation, rising property costs, and interest rate hikes over the past year, a significant 67% of participants are inclined to acquire property for personal use, indicating robust demand from end-users. In the continually evolving investment landscape, real estate has emerged as the favored choice for investors, while gold, once considered a safe haven, is losing its appeal. According to a recent Anarock Consumer Sentiment survey, during the first half of 2023, more than 60% of respondents expressed an inclination to invest in real estate, marking a 3% increase compared to the previous survey. This suggests that investors are gravitating towards tangible, long-term assets in response to growing uncertainty in financial markets.

The sustained uptick in inflation rates has significantly impacted individuals' financial stability. The survey reveals that in the first half of 2023, 66% of respondents experienced a reduction in their disposable income, up from 61% recorded during the same period in 2022. Nonetheless, despite the challenges posed by high inflation, escalating property costs, and interest rate hikes in the past year, 67% of participants still prefer property acquisition for personal use, signaling a strong demand from end-users. However, the survey also highlights that the increasing inflation may limit individuals' ability to make home-buying decisions.

Commenting on this trend, S K Narvar, Group Chairman of Trident Realty, notes that the housing market is currently optimistic, driven by positive sentiments and an increased sense of pride in homeownership. The market survey underscores real estate as the most favored investment asset class among people. The desire for a luxurious lifestyle, work-life balance, well-being, and future stability has motivated buyers to invest in real estate. Additionally, stable home loan rates, robust economic growth, and other favorable factors are fueling housing growth across cities. Propertyz24 is offering the finest properties in Hyderabad; don't wait, join now to find your dream home.

Source - Financial Express

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