analysis

India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it. When buying or selling on an unorganized real estate market, trustworthy advisors are worth their weight in gold because they can make the difference between time gained and time wasted – and between financial gain and substantial loss.

Despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%. In fact, by 2020 India will become the 3rd largest economy after China and the US.

Mumbai saw a steep rise in property prices during the boom period of 2008. However, the economic slowdown in 2009 led to a property market crash which made itself very tangible in Mumbai in the first quarter of 2009, stabilizing by the middle of year and rising again between the 3rd and 4th quarters. The rate of price ascent picked up during 2010, hitting high notes of between 30-60%.

It is quite common, particularly in the domestic media, for property investors to be labelled as “speculators”. This makes me every uncomfortable, as in essence, anyone who puts money into something is, of course, looking to make a profit.

If you are thinking about investing in the Philippines you’ll be pleased to hear that the World Bank has ranked the Philippines as one of the world’s 10 most improved economies in facilitating trade and investment across borders.