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HOW TO MAKE SENSE OF DIVERSIFICATION
The New Indian Express Villupuram
|December 09, 2024
The year 2024 was an eventful one. Gold prices touched a record high, gaining 25% or more. Equity prices represented by the Sensex and the Nifty 50 rose 13%. The broader market did even better if you look at the performance of a broader index like the Nifty 500. Crypto markets witnessed Bitcoin touching the price of $100,000.
A lot is happening in the property sector, too. Real estate prices rose steadily in 2024 across major real estate markets. Two factors show the property market's health—inventory with developers and buyers' affordability. Developers have held inventory for an average of 16-17 months. It is the lowest level in 15 years and 40% below the 15-year average, according to an analysis by UBS, a global bank. The affordability of real estate across cities, measured by income to property prices ratio, is at the most substantial level in 15 years. The data shows that it may be a good time for you to own property.
This story is from the December 09, 2024 edition of The New Indian Express Villupuram.
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