India among top three Global Realty Markets after US, China

In the league of the most preferred property market among foreign
investors globally, US has retained its top position, while China was
ranked second followed by India, a survey conducted by the Association
of Foreign Investors in Real Estate (AFIRE) said.

China moved to the second place, garnering 21.4 per cent votes and
displacing India in the process, which was preferred only by 16.7 per
cent of the respondents favoring the country as the most fancied place
for real estate investment.

In 2006, China got 14.6 per cent votes while India had 18 per cent
and was ranked in the second position.

One of the significant findings that cannot be overlooked is the jump
in investors’ confidence in China. For the second time in three years,
China has been voted as the country offering the second best chance
for capital appreciation after the US, AFIRE Chief Executive James A
Fetgatter said.

Interestingly, the United States, whose economy continues to be bogged
down by the sub prime crisis and faces the threat of a recession, still
managed to retain the ‘most preferred destination’ tag for real estate
investment. The annual survey respondents included nearly 200 members
of the association and were conducted in the fourth quarter of 2007,
after the credit crunch and sub-prime mortgage crisis.

Photo: Chuanzhusi Sichuan China Hotel-Chuanlong-Villa-01 by CEphoto, Uwe Aranas, licensed under CC BY-SA 3.0, via Wikimedia Commons.