外文标题：Indian home prices fell most among 52 nations, IMF says
NEW DELHI: Is India’s real estate bubble finally bursting? The International Monetary Fund’s recently-launched data series on global housing prices hints at that. Among 52 major markets for which IMF has collated house price data, India has witnessed the steepest fall.
IMF’s calculation on the annual percentage change in property prices shows that prices in India fell by 9.1 per cent, the highest among major real estate markets. The fall is even worse than in countries struggling with the ongoing European Union’s financial crisis. Property prices in Greece, Italy, Cyprus, Spain and Portugal have all come down, but at a much slower rate. Ireland, on the other hand, registered a 4.3 per cent increase in housing prices.
Prices came down by 7 per cent in Greece, 6.5 per cent in Italy, 4.9 per cent in Spain and 3.3 per cent in Portugal. The annual change is calculated for latest available data or prices for the last quarter of 2013.
Among advanced economies, the US, Germany and UK witnessed an increase in prices whereas the property market seems to be slumping in France, Japan and Italy. Among larger emerging economies, China, Brazil and South Africa saw a rise in prices, while India and Russia face a sinking realty sector.
The prices are so high that……middle class need to think twice…………..
in which part of the country prices fell by 9.1 per cent? at least not in Bangalore. it is increasing at 12-15%.
Jitesh K (Unknown)
Prices came down in India !!!!! Where??? Which all cities and builders were surveyed???? Those blood sucking leeches are still charging a bomb and exorbitant rates for the flats…… they are happy to be sitting on unsold stocks rather then lower prices and liquidate stocks.
1 crore plus for a two bedroom within 1000 sq ft in Mumbai, Girgaon, Delhi, Bangalore etc…I do not see a decrease any where. Even the prices in the tier 2 cities are competing with tier 1 cities though they have ppor infrastructure and less amenities.
Atul Kumar (Bangalore)
Indian black and stolen money is not in Swiss banks but in Indian real estate..!