Prices of houses have come down by up to 30 per cent over the last four months but weak consumer sentiments continue to prevail resulting in subdued demand, says realty consultant Jones Lang LaSalle Meghraj (JLLM).

Affordability metrics for homebuyers have started to improve since October due to the sharp correction in property prices, reduction in mortgage rates and smaller unit sizes per apartment, it said.

'Currently, transaction prices in most markets are down by 25-30 per cent across the board,' JLLM Chairman and Country Head Anuj Puri said.

Financial Express