Its not a collapse, its a stagnation.
- Collapse at national level happens When there is a genuine surplus in relation to the available buyers. In an Asian context, lets talk about Pakistan there is a serious shortage of housing. However, due to inflation, rising USD etc (though stable at the moment). Real Estate got the hit as people earning in local money have reduced purchasing power and overseas want to save cash.
- Collapse at individual project level happens when files were sold at high premium (Booked at 5 lac and asking premium on top is 3 lacs), such era of quick premium/own is over and in recent years people paying high premiums got disappointments.
1. Genuine possession property may see slow trends but rarely a negativity, unless there is a situation like BT-KHI but that was for an year and so, the one who held on are now getting the rewards.
Since USD, for now is stable, will encourage overseas to invest and you can see all societies doing one thing common, that is to Launch 'Overseas Block'
Look out for appreciations in particular I-15, E-12, C-14 etc. and also good progress by Gulberg, Enclave, I-16/14. BT has lost its shine over the years but its having a slow resurgence that is evident with developments and new projects.