Buying Overseas
Tips on buying property overseas |
| 19 August 2008, DirectSpace Ltd. |
| Owning a home in an exotic overseas locale need not be a pipe dream any more. Thanks to the internet and the availability of real estate at affordable prices relative to the UK, more Brits are buying property abroad than ever before. While the majority of UK buyers consider property as a long-term investment, some are simply charmed by the idea of a hideaway under sunny skies or by the sea. A recent surveys revealed that more than 800,000 Britons own a home abroad. While perennial favourites like Spain, France, Australia, Dubai and the US remain popular, emerging markets like Bulgaria, Turkey and Croatia have also joined the ranks of property hotspots. |
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Buying property in India |
| 18 December 2007, DirectSpace Ltd. |
| Why consider buying property in India?
With the real estate markets in Western Europe and North America having reached their maturity, emerging markets like India have become the new investment hotspots. The real estate boom in India in the last few years can be attributed to a combination of factors working in its favour. India, the world’s second-largest economy, has been growing at a sustained rate of around 8%. Jobs and disposable incomes have been on the upswing too. The country has become younger demographically, with more than a third of its current population under the age of 25. This, along with the rapid rate of urbanisation, and the growth in the IT and Business Process Outsourcing (BPO) sectors, has led to a spurt in demand for residential property in India. What’s more, with the employment scenario flourishing, many Non-resident Indians (NRI’s) and foreign-educated Indians are opting to return to India and settle down in their hometowns. Another key factor contributing to the buoyancy in real estate markets is the easy availability of home loans at attractive interest rates. |
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