House prices to rise at half the rate of inflation in 2019: poll
Updated : November 16, 2018 09:18 AM IST
House prices have risen at almost double-digit rates for over a decade in a country of 1.3 billion people, where for many, owning a home is still a dream. Major cities in the country have become some of the most densely populated in the world.
Asia's third-largest economy is also grappling with a liquidity crunch after a large lending firm, Infrastructure Leasing and Financial Services (IL&FS), defaulted on a short-term debt payment in June.
Rising bad debts and non-performing assets have made major banks and other large financial institutions cautious on lending, leading to a slowdown in the property market, which relies heavily on borrowing for both home building and buying.
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