Most homebuyers feel any further hike in home loan rate to impact purchase decisions: Anarock survey
homebuyers feel that their purchase decisions will be impacted if interest rate on home loans rises further to cross 9.5 per cent, according to a survey by Anarock. Real estate consultant Anarock's online 'Consumer Sentiment Survey' with a sample size of 5,218, showed that the people would like to buy mid-range and premium homes.
More respondents want to buy 3BHK flats.
According to the survey, high inflation has impacted disposable incomes of over 66 per cent of respondents.
"… Any further home loan rate hikes — particularly if interest rates breach 9.5 per cent — will have a 'high impact' on residential sales, according to 98 per cent survey respondents," Anarock said.
The average home loan rate is 9.15 per cent currently, the consultant added. In the last one and half years, the mortgage rate has hardened by around 250 basis points, with the RBI raising the key policy rate to control inflation.
Among other findings of the survey, Anarock said 59 per cent of prospective homebuyers will prefer to purchase flats in a price range of Rs 45 lakh to Rs 1.5 crore.
Homes priced in the range of Rs 45-90 lakh are most favoured (by 35 per cent respondent homebuyers), closely followed by 24 per cent respondents preferring homes priced between Rs 90 lakh to Rs 1.5 crore.
«Demand for bigger homes remains undeterred, with 3BHKs once again superseding 2BHKs in the current survey.
