An impromptu survey conducted among Indian valuers during a seminar in India elicited interesting responses.
In mid-August 2017, while giving a presentation at a conference in India, I conducted a survey among Indian valuers on their views of the Indian property market.
The first three questions asked Indian valuers to rate the Indian economy for years 2016 – 2018. The result: Out of a top rating of 10, the economy was assessed at 5.7 in 2016, 6.1 in 2017 and estimated at 7.4 in 2018. It should be mentioned that the standard deviation was quite low. This implied that the results were somewhat reliable.
The results showed that Indian valuers are optimistic that the Indian economy is on track to improve progressively over the years. A similar sentiment was expressed for the Indian property market where out of a top rating of 10, it was assessed at 5.4 for both 2016 and 2017 and a significant improvement to 6.4 in 2018. This signifies a gradual improvement in market sentiments of the property market.