While the underlying demand for residential property remains strong and recent trends suggesr the beginnings of a recovery in market volumes, it is still a long road toward volumes, it is still a long roaad toward the resurrection of the residential market that is also plagued by macroconcerns of economic growth that automobile and other consumer sectors are facing today. With the developers’ fraternity correcting the mistakes of the past on product and pricing and the ruglar working toward building new benchmarks in the sector, Knight Frank think that it is a matter of time before the consumers’ sentiment reviews along with an impprovement in economic momentum.

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