The property prices are expected to remain stable over the next six months even as the real estate market has shown signs of improvement since March in terms of sales, an expert said.
"Since March, we have seen movement in the market. Before that, the confidence and sentiments were very low in the real estate market for almost seven months due to global economic slowdown," Global property consultant CB Richard Ellis Chairman and Managing Director (South Asia) Anshuman Magazine said on the sidelines of a CII function.
Magazine said the people have started slowly coming back to the real estate market, mainly attracted by the incentives given by the developers in housing, lower interest rates and price correction.
He, however, said that situation would remain challenging in the real estate market this year and the market is expected to improve in 2010.
Source: The Indian Express Property market showing signs of recovery
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