Home affordability improves in major cities: JLL report

Affordability to buy homes has improved in major cities this year driven by a rise in household incomes from a low base of 2020, lower mortgage rates and stable housing prices, according to property consultant JLL India. The consultant on Monday launched its annual Home Purchase Affordability Index (JLL HPAI 2021), which signifies whether a household earning an average annual income is eligible for a housing loan.