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Capital values outpace rental growth: Report

R Amin1 minute ago01 mins mins

<h2>Capital</h2>
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<p>MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental yields at 4.16%, followed by Ahmedabad at 3.98% and Hyderabad at 3.93%.</p>
<p>Bengaluru and Kolkata reported similar yield levels at 3.88% each.</p>
<p>“A key structural takeaway is the sustained outpacing of rental growth by capital value appreciation across cities, resulting in visible yield compression,” analysts at the firm said.</p></div>
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Tagged: Capital values Magicbricks report property prices real estate market rental growth

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