Want To Buy Property Overseas? Follow These Tips

Most popular destination:

Anand Narayanan, national director, residential agency, Knight Frank India, stated that, for Indians, Dubai, London, New York and Singapore are the most popular property destinations. Apart from these, other demanding places like Thailand, Florida, Mauritius and south of France are offering exotic resorts along with Sydney and Melbourne, being the education destinations.  According to a discerning Indian buyer, overseas properties are proving better value of money in comparison with Indian properties.

Ajit Krishnan, partner and leader, real estate and infrastructure, Ernst & Young India, said that, the holiday home section is the one that is most on demand and after the price crash, Greece, Spain and Italy have become the most striking places to buy holiday home.

Europe is another good option for Indian home buyers and London is the most admired place for those who can afford it.

In Asia, Thailand and Singapore, people are getting attracted because of easy access from India. In Singapore, foreigners can buy property but only after government clearance. The country has certain restrictions for the foreigners to own property in Singapore. In Thailand, the real estate scenario is different than Singapore as foreigners cannot own a property; instead they can own a property on lease which can be extended till 90 years.