2023-05-10-莱坊-REAL_ESTATE_SENTIMENT_INDEX_Q2_APRIL_-_JUNE_2022_10页_3mb

报告摘要

Introduction

The Knight Frank-NAREDCO Real Estate Sentiment Index for Q2 2022 (April-June 2022) gauges perceptions and expectations of industry stakeholders. It is based on a quarterly survey of supply-side stakeholders, including developers and non-developers, focusing on current and future sentiments.

Methodology

The index is calculated via a survey with questions on economic momentum, funding availability, project launches, sales, leasing, prices, and rents.
Scores are weighted averages: >50 indicates optimism, =50 neutrality, <50 pessimism.
Published bi-monthly from June to July 2022.

Current Sentiment Score

Score: 62 (down from an all-time high of 68 in Q1 2022).
Indicates reduced optimism due to global challenges like COVID-19, geopolitical tensions (e.g., Ukraine-Russia conflict), and inflationary pressures led by RBI monetary tightening.
Stakeholders remain watchful but find the real estate sector stable amid pent-up demand and sector transformations.

Future Sentiment Score

Score: 62 (slightly lower than the historic high of 75 in Q1 2022).
Reflects cautious optimism amid global uncertainties, including slowing economies, rising interest rates, and affordability issues.
Despite challenges, optimism persists due to strong demand in key areas like residential and office markets.

Market-Specific Insights

Residential Market: Developers are optimistic about stable sales and launches in the next six months, but prices are expected to remain stable; non-developers are more cautious due to affordability impacts.
Office Market: Outlook is prudent, with stable leasing volume and supply; no travel restrictions, but concerns over inflation and economic slowdown.

Economic Factors

Global headwinds, including tighter policies in major economies and current account deficits, affect India's economy and real estate sector fundamentals.
Funding availability is expected to remain stable, but stakeholders are cautious about economic momentum and potential slowdowns.

Concluding Remarks

The real estate sector in India remains stable and resilient, with fundamentals supporting continued growth despite global uncertainties. Stakeholders are optimistic but watchful of future risks.

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