Irrespective of market dynamics, homebuyers who want to buy a house will continue to look for it. Giving fillip to this search for houses is the buzz that property prices have bottomed out, and that many aspiring homebuyers are looking for good deals.
In a report on the trends of online house hunting by consumers, the online realty portal Magicbricks.com finds that there has been a 61% rise in those looking for a house, over the past 1 year. It says that the number of active property seekers has gone up sharply on a year-on-year basis from about 340,000 in July 2016 to about 550,000 in September 2017.
