RBI Residential Asset Price Monitoring Survey 2019
Affordability to purchase a house worsened in last 4 years.
House price to monthly income ratio (HPTI) has increased significantly in last 4 years.
The ratio was at 56.1 in March 2015.
It increased to 61.5 in March 2019.
Mumbai, our commercial capital, is the least affordable city to purchase a house while Odisha’s capital Bhubaneswar remains the most affordable city.
RBI’s Median House Price to Monthly Income (HPTI) Ratio
|
Quarter
|
HPTI Ratio
|
|
2015-March
|
56.1
|
|
2015-June
|
59.3
|
|
2015-September
|
56.4
|
|
2015-December
|
57.1
|
|
2016-March
|
61.3
|
|
2016-June
|
61.5
|
|
2016-September
|
60.5
|
|
2016-December
|
60.2
|
|
2017-March
|
60.6
|
|
2017-June
|
61.9
|
|
2017-September
|
62.4
|
|
2017-December
|
62.6
|
|
2018-March
|
62.7
|
|
2018-June
|
61.1
|
|
2018-September
|
61.8
|
|
2018-December
|
62
|
|
2019-March
|
61.5
|
(RBI)
