Housing Finance Sector Check: Improving Affordability, Supportive Regulation, Healthy Profitability, Says Motilal Oswal
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Motilal Oswal Report
After five years of stagnant residential real estate (RE) sales, the RE and the Housing Finance sectors have bottomed out.
Affordability is the best in the past two decades, with flattish RE prices over FY15-20 and price cuts triggered by the Covid-19 pandemic.
In addition, current interest rates (starting at sub-7% for prime customers) are at an all-time low and approximately 300 basis points lower than those five years ago.
Economic indicators point to an upward trend and the resolve of the government and regulator to solve issues affecting the sector is also encouraging.
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