When asked on their purpose for buying a property, 59.2% of respondents answered that it was for their own stay. Some said they were more interested in the secondary market while others said the incentives were not sufficiently attractive. Photo by CBRE|WTWHOC’s return welcomedThe survey provided many insights into the expectations and inclinations of property buyers, especially the younger set. The secondary market dominated the residential market last year in terms of the number of transactions (82%) and total transaction value (79%), he adds. While the incentives may make buying and owning one’s first home possible, property experts says doing one’s homework and due diligence, as well as knowing your financial standing, is vital when buying a house, especially during these challenging times.

Source: The Edge Markets September 01, 2020 08:03 UTC