The real estate market in the National Capital Region is reflecting a possible slowdown in 2025. Following a boom in property prices, with more than 50% hikes in some locations during the previous year, the market now appears to go into consolidation mode. Housing sales declined by 26% from the previous year in Q4 2024, reflecting a cooling trend. Experts believe that the market correction has already begun, with consumers becoming more cautious as prices are inflated. This cooling down is viewed as possibly healthy for the market since it could stabilize prices and bring end-users back into the market. Industry players expect 2025 to be a year of stabilization and not record sales.
Source: Moneycontrol