Housing rates fall by average 8 per cent in Delhi-NCR during 2013: report

Housing prices declined by an average 8 per cent in Delhi-NCR during 2013 compared with the previous year due to a slowdown in the real estate market amid economic and political uncertainties, according to a report by property portal 99acres.com.

"Delhi-NCR is one of the most sought after property destinations in India. However, the present economic and political uncertainty is getting reflected in capital prices in the region," said the report, which covers trends on property prices for the housing segment.

The quarter-on-quarter comparison shows a decline of 2 per cent in the fourth quarter of 2013 as compared to the previous quarter (July-September) of this year.

"Annual comparison (Q4-13 with Q4-12) however shows a decline of 8 per cent in 2013," the portal said in a statement.
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