Housing sales remained strong despite average property prices rising in 2022, with the annual appreciation in the third quarter of 2022 being the best in the past seven years, at six per cent over the Q3 of CY21
The momentum in housing sales momentum persisted during the first three quarters of the current calendar year and could breach the previous peak of 2014 to achieve all-time high sales across the top-7 cities. The total sales in the top-7 cities is expected to exceed 360,000 units in 2022.
According to ANAROCK research, the previous peak was achieved back in 2014 with 343,000 units sold in the top-7 cities.
The January-September period of 2022 saw housing sales and new launches surpass the full-year readings of 2019 with about 273,000 units sold in the first nine months of 2022. New launches were around 265,000 units.
First Published: Oct 26 2022 | 4:56 PM IST