Quote:
Originally Posted by REUser
India is no more different; it's highly connected to Global Economy.
Once the Base Rate and Interest rate hikes come into effect we may see the real state of RE, may be the bubble which escaped last time may burst this time.
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As per REUser "India is highly connected to Global Economy"
I feel some of us believe that the property price in the whole world is crashed (after Nov 2008) except for India - therefore India must follow suite.
Looks like India is not alone in property price rise in the current environment.
Global house prices
Year to March 2010 (country, percentage change)
1. Hong Kong +27.1
2. Singapore +23.9
3. Taiwan +18.5
4. Australia +16.6
5. Israel +12
6. Finland +11
7. Sweden +9.6
8. China +8.2
9. Norway +7.6
10. Britain +5.4
16. New Zealand +1.5
27. United States -5.3
India not listed due to lack of proper data
Since March 2009 (15 months ago) in many countries Property prices have gone up considerably.
Just like India, GFC only registered only a small Blip in many other countries.
Guys only US and Some parts of Europe has considerable impact due to GFC but there are many other countries that cruised comfortably thru GFC
(India,China,Singapore and Australia to name a few)
In this "Global Village" still every country has there unique fundamentals. Yes every country will be affected when some major Crisis happens but the
degree of affect will be considerably different. some countries are down for few years and some countries brush away the Crisis with few months of slower growth and move on.