mumbai speculative buying in the real estate market in leading cities has declined to 5 from 3040 earlier and genuine endusers account for nearly 80 of total property sale a report on real estate by ernst young and ficci has said the report said the last three to four quarters have witnessed a significant shift in the buyers profile with real estate prices reaching a level where speculatorsinvestors cannot realise significant returns speculators used to account for 30 to 40 of total sales earlier according to the report released at a real estate summitthe report has divided nongenuine buyers between speculators and long term investors the report defines a speculator as one who would sell the real estate property within 18 months after purchase while longterm investors tend to sell their property after three to five years while the speculative buying at present is estimated to account for 5 of total sales the buying by longterm investors who have been found to be active in premium segment currently account for about 15 of the sales the report said developers in leading cities believe that genuine endusers have taken over from the investors and account for nearly 80 of sales in their current projects