Outlook For Indian Property Is Good
News Posted On: 24 August 2011
Demand for residential property in India is expected to remain high, even though the market is unlikely to see the substantial price rises of the last few years.
The property market is also likely to be affected by the current global worries over a double dip recession, and although this may mean lower returns for investors, it will make property more affordable, and could give homeowners the opportunity to finally buy their own property.
The Indian economy is still performing well and is expected to grow by 7.5% this year, which will offset the effects of the global slowdown, and also marks it out as being one of the most attractive countries in the world in which to invest.
Property experts are advising investors to buy middle income residential property, and to be prepared to invest for the long term as this should be relatively lucrative. They are advising against buying projects which are not yet completed, as the worry is that these could now be delayed.
In general the outlook for Indian property is still favourable, and although the economy will be affected by global developments it is relatively resilient.
However there is some concern that the slowdown could force some developers to sell projects in order to reduce their debt, especially as some of these developers have obtained financing at extremely high interest rates, often in excess of 18%.
Although the appeal of property in India is worldwide, it is proving to be increasingly attractive to Malaysians, as the two nations recently signed the Comprehensive Economic Cooperation Agreement, helping to make trade and investment between the two countries a lot easier.
View property for sale in India
Written by Les Calvert
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