10 Best Global Investment Property Destinations - Page 3

10 Best Global Investment Property Destinations

By siliconindia   |   Monday, September 24, 2012   |    1 Comments

4. Paris

Paris, the capital city of France is an expensive location to buy property. The real estate market here continues to flourish because of stable economic growth. Moreover, the tax charge on rental income is low for foreign nationals. If the rental income of foreign nationals is nearly $1989 per month, they have to pay 10 percent of their gross rental income. With friendly property laws and more number of luxury apartments and mansions, Paris becomes one of the most attractive cities to buy property.

Moreover, Ile St Louis is one of the most preferred locations in Paris for luxury properties that offer breathtaking view of Seine River and also it is close to most of the tourist attractions like monuments, galleries, museums and so on.

5. Mumbai:

The financial hub of India is one of the most expensive Indian cities to buy property. Mumbai city is also one favorite hotspot for foreign nationals as well as for buyers who seek luxury properties. The city offers an average price of $ 12,913 per square meter for real estate properties.  However, in India the rental income tax is 20 to 30 percent.

However, in the luxury property segment, the South Mumbai is the expensive area in India and the city’s main business center. The property prices in this location remain the most expensive as a ratio to the average per capita income. Besides, South Mumbai is the home to many of the city’s top-notch personalities and high net worth individuals.

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