India Ranks Third in Real Estate Returns after US and China

February 1, 2008	(1 votes, average: 2 out of 5)  Loading ...
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An annual survey report by the Association of Foreign Investors in Real Estate (AFIRE) revealed that US real estate continues to top the global property market stakes among foreign investors, while Chian and India hold the second and third position respectively.

There is a message in the findings because Washington-headquartered AFIRE always gets it straight from the horse’s mouth — nearly 200 of its members collectively hold $700 billion in cross-border real estate.

However, the dominance of the US real estate market is being challenged by opportunities in Asia. Survey respondents said they planned to increase spending on global real estate by 20% in 2008, compared to 16% in US acquisitions.

India first figured in AFIRE’s survey in 2005 and rocketed to second place last year. AFIRE chief James Fetgatter said China beat India to third spot this year in the rankings of countries that offer the best opportunity for capital appreciation in real estate due to creaky infrastructure.

News Published Under:   Real Estate Developers |

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