Purchasers of US Investment Property – Indians now 3rd.

February 2, 2016

Many will know the surge in Indian wealth, news stories like them now being the 11th largest super-rich population or that the wealth of India’s super rich is likely  to double by 2020 adds to the now un-surprising news that they are now the 3rd highest purchase of US Property.

Behind Canada being first and the China, India as reportedly spent $8 billion of US property invest in 2015.

“I think and I believe Indians who live in the US are one of the largest group of millionaires in the America… they are already there and therefore they are investing in real estate” Sotheby’s International Realty president and CEO Philip A White is reported as saying.

The amount Indians are purchasing abroad is not expected to slow down as they place big premium on property for investment, a safe asset to acquire for it’s portfolio of investors.

It is all positive news from India where ever you look on-line, mostly predicted continued growth above impressive figures of 7% that it shows already. India has potential to grow at 8 to 9%: Nouriel Roubini.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Dangerous Cladding – Questions raised by Remediation Acceleration Plan

The government has published its Remediation Acceleration Plan, and pledges that dangerous cladding will be fixed on all high-rise buildings on Government schemes within the next five years. The plan sets out that by the end of 2029, all buildings over 18 metres tall – defined as high-rise – with unsafe cladding that are on a Government…
Read More →
Estate Agent Talk

Nationwide data showing house prices rose – Thoughts from the Industry

The latest Nationwide data showing house prices rose at much higher pace than expected at 1.2%. Here are some thoughts from the property industry.   Daniel Austin, CEO and co-founder at ASK Partners: “We continue to see a month-on-month rise in house prices, which is hopefully the sign of an upward trend developing for the…
Read More →
Breaking News

Annual house price growth rebounds in November

UK house prices rose 1.2% month on month Annual growth rate rebounded to 3.7%, from 2.4% in October – fastest since November 2022 House prices now just 1% below all-time peak Headlines Nov-24 Oct-24 Monthly Index* 536.6 530.4 Monthly Change* 1.2% 0.1% Annual Change 3.7% 2.4% Average Price (not seasonally adjusted) £268,144 £265,738 * Seasonally…
Read More →
Breaking News

25% house price premium in National Parks

25% premium for a property situated within a National Park 7% premium for a property within 5km of a National Park 15% premium for a property located in an Area of Outstanding Natural Beauty (AONB) Commenting on the figures, Andrew Harvey, Nationwide’s Senior Economist, said: “National Parks continue to be highly desirable areas to live…
Read More →
Commercial Agent Talk

3 Ways to Maximize Efficiency During a Construction Project

Managing a construction project requires serious juggling. You’re handling dangerous machinery, delegating jobs to multiple (sometimes dozens) of workers, and making sure everything you do fits into the approved budget. It’s not a job for someone who can’t work under pressure, but you do it well. Still, there’s always room to grow, and with the…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s most viewed homes of the year 2024

New data from the UK’s biggest property website Rightmove reveals the most viewed homes of the year. Rightmove’s property expert, Tim Bannister, said: “From a luxurious former football manager’s residence to a historic Grade I listed Abbey, the most viewed homes of the year reflect the wide-ranging dreams of home-hunters this year across Great Britain. Whether…
Read More →