As property prices continue their downward spiral in Britain, investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.
Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller numbers of new mortgages being advanced.
Except in several areas of London, property prices all over Britain have recorded at least a two per cent drop in the last year due to the credit crunch.
The slowing of Britain's property market has led to several individual and institutional investors looking to India and other international hotspots.
Wednesday, 4 June 2008
Hit by slowdown, UK property investors look to India
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