Apartments for Sale Bangalore Market Now Offers Higher Returns

Published: 04th August 2010
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Apartments for Sale Bangalore

More Bangalore property owners may want to consider putting their property up for rent or Apartments for Sale Bangalore because Landlords gets return on investment now appear to be improving, due to the ever-growing number of people seeking property to sale in the capital.

In recent months, there has been a dramatic shift in supply and demand of Apartments for Sale Bangalore for residential property, with the availability of good quality properties in Bangalore.

Bangalore, a thriving cosmopolitan city, has long been a popular place to sale property. But finding a suitable property in Bangalore to sale has become more difficult due to a fall in the supply of rental property caused largely by a surge of 'reluctant tenants', according to the Association of Residential Letting Agents (ARLA).

More tenants are now negotiating extensions to their current sale contracts, due to a relative shortage of alternative properties to sale, according to various Bangalore Estate Agents which boasts a high renewal rate.

Landlords and letting agents revealed that the supply of property to sale has fallen, while rental demand has increased, partly because fewer people are currently buying property.

Many people now in a position to buy are struggling to find the right property, as there is also a shortage of both properties for sale and realistic mortgages.

In the final quarter of last year, an average 41% of members surveyed reported more rentals than property available to sale.

In reality, more people are just sitting on the fence at the moment and are opting not to rent out their property as they wait to see what happens in the sales property market.

The rise in tenant demand also comes at a time when the supply of new build residential property coming onto the rental market is falling.

Property developers are on course to build under 123,000 homes between April 2009 and March 2010, 18,000 fewer than were built during the last financial year, due to the fact that most house builders cut back developments in light of the recession.

This year will see the lowest total of new property homes were built,



The decline in the Bangalore property sale market coupled with a rise in demand for property to sale is in turn causing a fall in sale void periods and an increase in rental prices and yields across much of Bangalore - an attractive proposition for rental property investors.

Since January, have had 20% more applicants for rented property than this time last year. This demand is leading to sale rises and an increase in renewals.

There is likely to be resurgence in the buy-to-let market this year, as more people are likely to want to take their money out of the banks, where they are getting negligible interest, and put it into something real and tangible.

A view mirrored by other Bangalore property agents, who project that property price growth will far outstrip inflation over the next decade.

A regionalized property market recovery is now inevitable with a ripple effect rolling out from the prime markets of Bangalore and the South East.





The Mainstaygroup.in is based in Bangalore, South India the heart of all software activity in the Asia-Pacific region. With a total industry experience of over a decade, the real estate industry has been our forte. One of the reasons to choose this industry is because of the vast experience of our personnel.


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