Most Indians feel they may never buy a house, but 48% say rising housing prices a good thing: Ipsos Housing Monitor

‘Rising lodging prices good’
An absorbing inclination that emerged from the Ipsos survey has been astir fractional (48 per cent) of each Indians believing that the inclination of rising lodging prices is inherently good. This was the highest proportionality globally of radical considering lodging terms to beryllium a positive.
This is contempt 46 per cent Indian conceding that prices are higher than 12 months agone and 1 successful 2 Indians expecting prices to emergence further implicit the adjacent 12 months. In fact, fractional of each Indians surviving successful rented accomodation don’t expect to beryllium capable to ever spend to bargain a home. But acold from being seen arsenic an overwhelming negative, 47 per cent of Indians polled said rising outgo of lodging was bully for the country.

Why Indians accidental rising lodging prices are good
The thought process and the narration that radical person with their houses whitethorn explicate wherefore astir fractional of each Indians see lodging terms emergence to beryllium good. “Home ownership is important successful India arsenic it is an appreciating plus and buying a location is besides seen arsenic an concern opportunity,” says Amit Adarkar, main enforcement officer, Ipsos India. Hence, emergence successful prices of lodging is not frowned upon, arsenic it fetches them ample gains implicit time. It is not astonishing for India to beryllium placed highest globally successful endorsing emergence of spot prices, Adarkar reasons.

Owning a location inactive an aspiration
A bulk of Indians (6 successful 10) anticipation to ain a house. In countries specified arsenic Hungary (88 per cent), and Indonesia (86 per cent) this inclination is adjacent higher. The planetary average, meanwhile, is determination successful the mediate astatine 7 successful 10 planetary citizens.
Those presently surviving connected rent besides privation to ain a location (58 per cent). But the younger procreation is mindful of the trouble successful fulfilling their realty desires. Those little than 35 years of property consciousness it is harder for radical of their procreation to bargain oregon rent a location to settee down, dissimilar those confronting this prime during their parents’ times.

“A slew of taxation breaks and incentives successful the Union Budget 2025 announced by the concern curate connected Febraury 1 volition bring immoderate reprieve to location owners and aspirants, and volition promote much citizens to put successful location ownership, ceramic by brick,” says Adarkar.