Property Brokers Poll - Expect Further Correction Across the Board

Edelweiss Research has been doing an excellent job conducting Property Brokers Poll across all the major Realty markets. Here is an excerpt of the findings.

• 99% brokers believe prices have fallen over the past three months
• 87% brokers have seen a drop in transactions over the past one month
• 76% brokers expect price trend to be negative over the next three months
• 53% brokers expect price trend to be negative over the next one year
• Bangalore is the least pessimistic market with 32% brokers having negative outlook
  over the next one year
• Chennai remains the most pessimistic with 73% brokers having negative outlook over
  the next one year
• Brokers in Bangalore and Chennai have turned negative from their steady outlook for
  property prices in the next three months
• Mumbai and NCR brokers' outlook on property prices in the next one year has turned negative from positive earlier
  

This gives you a fair idea on where the market is heading. If its your Dream Home, you should be on the lookout. Negotiate and bragain until the developer comes to your price.