Here are some interesting charts by Deepak Shenoy on the India Housing Bubble.
India home prices have been going up at a compound annual growth rate (CAGR) of 26% since March of 2009.
Mumbai and Delhi
Shenoy reports Mumbai is growing at a CAGR of 30%, and Dehli is up 47% from a year ago and 250% since March 2009.
Note the transaction volume in Delhi. Transaction volumes and prices are interesting in Bangalore and Chennai as well.
Bangalore and Chennai
Shenoy has details on five other cities as well. Inquiring minds may wish to take a look.
He writes “While India as a composite country is not at a bubble stage right now, it’s important to note that various bubbles are building up in individual cities. If any of these bubbles worsens, then it is likely that other cities will follow. There are no un-correlated prices in a crisis.“
I would suggest that India as a composite certainly is in a housing bubble. The overall HPI shows just that.
India Housing Bubble – Business Insider
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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