Emerging markets outpace developed nations in real estate performance, with increased lease demand but falling rents in many surveyed countries. India shows promising rental and capital value growth.
Economic optimism and liquidity in equity markets are boosting real estate confidence, prompting investment advice for families and highlighting increased demand in Mumbai's residential sector.
Residential property prices projected to fall 10% in 2009, influenced by a 'wait and watch' buyer approach. Lower home loan interest rates anticipated to revive demand and stabilize prices in 2010.
Bangalore's central mid-range residential rentals surge by 8-10% due to fewer new projects from leading developers, while eastern and southern areas face an 11% and 4% drop, respectively.