Sentiment in real estate remains pessimistic in Jul-Sep, outlook turns positive: Survey

The sentiment in the real estate industry remained pessimistic during July-September due to the COVID-19 pandemic, but the outlook for the next six months has turned optimistic with signs of revival in demand, according to a survey.

Knight Frank-Ficci-NAREDCO on Thursday released their ''Real Estate Sentiment Index Q3 2020 Survey'' of developers, banks, financial institutions and private equity players operating in the sector.

The ''Current Sentiments Score'' improved to 40 points during the July-September period from a record low of 22 points in the previous quarter but remained in the pessimistic zone.

However, the ''Future Sentiment Score'' is in the optimistic zone at 52 points, up from 41 in the previous quarter.

A score of above 50 signifies ''Optimism'' in sentiments, a score of 50 means the sentiment is ''Same'' or ''Neutral'', while a score below 50 shows ''Pessimism''. 

Knight Frank attributed the revival in sentiments to the "remarkable upturn seen in the real estate business, especially in the residential segment, in the third quarter of 2020 as a result of the unlocking process".

About 57 per cent of the survey respondents opined that the economy is going to grow and improve in the next six months.

The funding outlook also improved compared to the previous quarter. 38 per cent of respondents opined that the scenario would be better in the coming six months, while 31 per cent felt that the current levels of credit availability would continue for the next six months. PTI MJH BAL BAL


5 views0 comments


  • LinkedIn

DISCLAIMER: The information contained in this website is offered for illustration purposes only and is general information. We make no representations or warranties of any kind (express or implied) with respect to the information, products, services, statements, figures, calculations, plans, images, logos, related graphics and are purely indicative in nature only. Whilst all reasonable care has been taking in providing all information, however, We or / and our related companies or/ and our representatives, consultants or / and our agents accept no responsibility for its completeness, accuracy, reliability, suitability or availability of any information contained herein for any action taken in reliance thereon by any party. Any reliance on information as contained in this website does not constitute an offer, inducement, representation, warranty or contract and may be relied upon at one’s risk and consequences.