Market is slowed down. Many people are investing different fields. Realestate is one of them. Due to the flactuations in market, people are not much interested in share market. Therefore it’s really a good time to buy property overseas since prices in most of these markets are even cheaper than in some top Indian cities. The demand is more in Dubai, Malaysia, Singapore, Thailand, Australia and London. There are plenty of projects in Dubai which are selling at a price band of Rs 2,500-5,000 per sq.ft. Land in the UK countryside as in Cheshire is being sold for Rs 1,100 per sq.ft., while that in Helsby at just Rs 370 per sq.ft. By comparison, prices in some major Indian realty hotspots are equally competitive - flats in Gurgaon are priced at Rs 3,000-5,000 per sq.ft, in Kolkata’s Rajarhat at Rs 2,800-3,500 per sq.ft. and Navi Mumbai between Rs 1,800 and Rs 6,000 per sq.ft. In the US, home prices have reportedly fallen in nine out of ten cities. Brokers claim realty prices in cities like Fort Myers , Saginaw, Akron, San Francisco, Riverside and San Jose have dropped by more than 40%. What’s more, nearly 40-odd islands are up for sale in Australia at three year old prices - one can grab an island for A$ 1.3 million.
Tuesday, May 26, 2009
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