Mortgage Penetration in India at 9% - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, May 14, 2016

Mortgage Penetration in India at 9%

According to HDFC's survey, Home prices have hit record high levels but a faster rise in disposable income has made purchasing a house the most affordable ever.
Improved affordability has largely been driven by rising disposable income and affordable interest rates on home loans.

The mortgage penetration is the lowest in India at just 9% of the GDP, in comparison to many other countries as on 2016


Globally, the penetration level is highest in Denmark at 114% while the same in the UK is 75% and in the US at 68%. China has mortgage penetration of 18% of the GDP.
Mortgage Penetration in India at 9% Reviewed by S Chitra on May 14, 2016 Rating: 5 According to HDFC's survey, Home prices have hit record high levels but a faster rise in disposable income has made purchasing a house...

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