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For years, millions of homebuyers locked in charges below 5%, amounting to golden handcuffs that are now keeping lots of them in properties they’d in any other case promote. And for new consumers, the low provide of houses on the market is pushing prices too excessive for their budgets. With Wall Street largely expecting the Federal Reserve to keep rates of interest elevated for a while to come back, there’s little sign that mortgage rates are falling any time soon. The luxury property market in India skilled vital development in 2023, with gross sales value of properties priced at Rs 50 crore and above reaching Rs four,319 crore, a notable improve from the earlier yr. Mumbai led in transactions, reflecting a trend in path of opulent residing areas.
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The suburbs in Perth the place houses very hardly ever …