property abroad in india offers chance of economic growth
News Posted On: 30 April 2009
Investors looking to purchase property abroad could benefit from buying homes in India, where there is the prospect of continuing economic growth, it has been suggested.
According to the Economic Times, the country is still experiencing growth despite the global downturn.
It noted that homes in the Asian nation could be purchased for as little as one-eighth of the cost of a home in the US.
Some market watchers have advised real estate investors to acquire real estate in countries that have good long-term economic prospects, such as India.
Charles Weston-Baker, head of international residential investment at realtor Savills in London, said: "Where people can get a good deal, they're grabbing the bargains."
Purchasing homes in places with a strong tourist trade could also be a safer option for property buyers than relying on local tenants, the publication noted.
Write About Property recently claimed that investors are likely to start taking notice of suburban areas of India because of the growth of the country's middle classes.
Written by Jamie Arthur
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