A last few months a number of interesting trends have emerged that point to the rise of the US real estate market as an attractive destination for international investors and quite significantly wealthy Indian investor According to a recent survey by the National Association of Realtors USA, for the 12 month period ending March 2011, foreigners purchased close to 4% of homes in the US to this Indian buyers accounted for 7%.
The Recent data released by the Reserve Bank of India on the pace of overseas remittances by wealthy Indians under the Liberalised Remittance Scheme seems to concur with that trend to data showed doubling, tripling and in some cases, up to 30 times increase in spending on purchase of overseas property, stocks and gifts by Indians in the past five years in reason is perhaps not hard to come by.
Rohit Prakash, President American Full House LLC says, In the last few years property prices in India have risen significantly to a investors who invested at the lows in India have gained from this rise in they are now looking at booking profits and investing in other assets that are available at reasonable valuations in US real estate market is one such avenue where prices are currently at the lower end of the range with potential for strong upside in a addition smaller investors may be hard pressed to find good properties at $100,000 in India very easily today they are quite a few such opportunities in the US.
The Recent data released by the Reserve Bank of India on the pace of overseas remittances by wealthy Indians under the Liberalised Remittance Scheme seems to concur with that trend to data showed doubling, tripling and in some cases, up to 30 times increase in spending on purchase of overseas property, stocks and gifts by Indians in the past five years in reason is perhaps not hard to come by.
Rohit Prakash, President American Full House LLC says, In the last few years property prices in India have risen significantly to a investors who invested at the lows in India have gained from this rise in they are now looking at booking profits and investing in other assets that are available at reasonable valuations in US real estate market is one such avenue where prices are currently at the lower end of the range with potential for strong upside in a addition smaller investors may be hard pressed to find good properties at $100,000 in India very easily today they are quite a few such opportunities in the US.
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