1 / 6

House Price Inflation Eases

Home loan emi calculator-HDFC presents House loan emi calculator to make your EMI calculation easy. Visit us for House Loan EMI Calculator, EMI Calculator Home Loan etc.<br>

TomCraig
Download Presentation

House Price Inflation Eases

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Home Loan

  2. House Price Inflation Eases

  3. According to the latest data released by the Reserve Bank of India (RBI), the House Price Index (HPI) rose 9.8% year on year (yoy) in the third quarter of the Financial Year (FY) 2015-16. • This would be the quarter that ended on 31st December, 2015. This is the lowest ever rise that the index has shown. • What does it mean for you? Let’s find out. • What is HPI?HPI was created by the RBI to measure the change in the price of residential housing in India. • It is meant to serve as a gauge for house price trends in the country. HPI was created in 2010-11.

  4. What does the current data indicate? In the quarter that ended on 31st December, 2015, the overall rate of increase in the index has fallen below the 10% mark. • This is for the first time in almost 4 years. This is just like the Consumer Price Index (CPI), where fall in percentages indicates slower growth. • So, house prices have increased but at a slower pace than before. • Which are the cities that stand out? Out of the 10 cities, six cities showed a slow-down with regard to the growth in house prices.

  5. Interest is showing a downward trend – Interest rates have fallen significantly in the last 2 years. Consider this – RBI’s repo rate has come down from 8% to 6.5% now. This would mean lower interest rates on your Home Loan. • Protection in place – The Real Estate Bill has now become an Act as of 1st May 2016. This should help protect home buyers. • Buying a house is not a simple process and requires a lot of due diligence. A lot depends on your financial situation. • This should be given prime importance over all other factors. Make sure you think it through before you go for that Home Loan. • [Source: https://blog.bankbazaar.com/house-price-inflation-eases/]

  6. Click to know more on Home Loan: https://www.hdfc.com/emi-calculator Thank You…

More Related