“Forbes” states that although the global real estate market is softening as credit reservoirs dry, a few spots are poised for growth.” The magazine rated Israel as the world’s most “up-and-coming” real estate market.
“Forbes” notes, “Israel’s real estate market struggled in the late 1990s and early 2000s as the country struggled with deflation. As late as 2006, market weakness had pushed prices down four percent, according to Knight Frank, a London-based real estate research company. But previous year prices climbed two percent. That is expected to continue, given the country’s robust five percent growth in gross domestic product and approx four percent projection for this year, according to the International Monetary Fund.”
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An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
The projections which was made by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) during January, the Indian property market is projected to grow at a rate of between 40 to 45 % during 2008.
This follows growth of between 35 to 38 % in the previous two years – largely as a result of massive investment which has poured into the country.
“In certain cities, yes [the boom will continue]. In the centre of towns and cities such as Mumbai and Delhi the boom is continuing, but I do not know what is going to happen with the present situation,” said Jaideep Singh, head of the India desk at Knight Frank.
In further evidence of the market’s strength, a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE), published in February, found India’s booming property sector has attracted foreign investors and figures in the top three property markets.Following the US and China, India at presents the best opportunity for capital appreciation in the world.
Indian property market is projected to grow at a rate of between 40 to 45 % during 2008.
This follows growth of between 35 to 38 % in the previous two years
India is unstoppable, the market will continue to boom, real estate will stay at inflated levels and India will soon reach the high quarterly growth rates of 10% politicians and economists are predicting. Despite the economy’s growth spurt in the recent years, the anticipated demand far exceeds potential supply. Skyrocketing wages won’t help solve the shortage of skilled labor. And that’s not all–infrastructure is not equipped to deal with the onslaught of foreign and domestic investment. India may get a bit too hot to handle in 2007.For more view- realtydigest.blogspot.com