With real estate prices in the niche segment in India showing signs of robust recovery, high net worth Indians and NRIs are again eyeing foreign shores for real estate investments. With real estate prices going down by a whopping 25-30% and hitting rock bottom in some geographies and distress asset sales becoming the order of the day, there could be no better time than this to pick up a dream home abroad. And experts confirm that the decision to buy property overseas is driven strongly by an end-use perspective.
Some of the places which now offer good investment opportunities for HNIs include the Middle East especially Dubai. In USA it’s particularly New York City, Virginia and San Francisco. The others include Singapore and UK, according to Rajiv Sahni, partner, real estate practice, Ernst & Young.
Mayank Patel, group chairman & CEO of Azibo Group, a London-based private investment firm, who is himself a real estate investor agrees that globally there are huge opportunities to invest in real estate because of distress sales. I am an investor in real estate myself and feel that the UK provides good opportunities for high net worth non-resident Indians and people of Indian origin.
More : economictimes.indiatimes.com
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