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.
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