Is it advisable to sell a property and reinvest post demonetisation? - Property Hotline
February 7, 2017
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4:38Now PlayingIs it advisable to sell a property and reinvest post demonetisation? - Property Hotline
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as posted by the channelExpert: Ashwinder Raj Singh, JLL India
Question: Currently, I have three houses with the second and third properties are held as investments. I am planning to sell the first house where I reside and reinvest in another home and stay in that home. Is this advisable?
Answer: B'luru market is a great buyers’ market. You won’t get a better time to avail great deals. It is the best time to negotiate and buy a property. Whereas the secondary markets looks to be little soft, with the prices being down. The resale market is sluggish post demonetisation. I would advise you to wait for at least 18 months and then sell the house. If that’s not possible, I will recommend you to first sell the house and then buy another one.
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