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Regardless of the steep fall in real estate transactions in recent months, prices have remained steady, Reserve Bank of India’s (RBI) macroeconomic and monetary development report said on Monday.
RBI said that though interest rates remained high, home loans disbursals have gone up while overall credit off-take has fallen. According to RBI data, interest on home loan has gone up by 1.5 – 1.75 per cent since December 2010.
Property markets are facing moderation in demand, but price correction has not occurred as real estate firms are holding land banks and slowing new launches and sales to retain pricing power.
Higher housing loans coupled with price rigidities in the housing market reflect the continued pricing power with the developers as also the increasingly stretched balance sheets of residential buyers,” said RBI in the report.
He or she may also be able to recommend reputable tradespeople and other professionals to assist you in making those improvements.
So go ahead and make that long list. Then, review it with your agent so you can make an informed decision on how to get your property ready for sale.
Looking for a good REALTOR®? Call today. Etobicoke Real Estate Agent Jackie Carron has written a blog about issues affecting real estate across North America.

It can happen even in Etobicoke
