Monday, February 21, 2011

Dilemma for Genuine Home Buyers





Key points:


  • Barring external shocks or economics downturn, the measures by themselves are unlikely to drag prices down significantly, if at all. Under the present positive market conditions, sellers are on a stable footing and under no pressure to slash prices.
  • It would be worthwhile waiting if prices do eventually decline substantially, but delaying also runs two main risks: Higher interest rates and stronger measures imposed by the Government that may affect even genuine home buyers.
  • Together with inflation concerns, the current low interest rates and expectations of long term capital appreciation, it appears that buyers would likely be drawn back to the residential property market after an expected period of hesitation.

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