Amidst falling house prices in the West Midlands, which are dropping at twice the UK average during this credit crunch, local property investors are actively seeking new markets where opportunities may lie.
One such promising market is India, which many industry experts are heralding as an emerging property hotspot. In fact, Merrill Lynch has forecast an astonishing 700% increase in the Indian property market by 2015.
To shed light on these opportunities, a seminar will take place on Wednesday at the Hotel Ibis in Birmingham city centre, commencing at 7pm. This event is hosted by Navyroof.com, a company dedicated to showcasing investment prospects in the most dynamic regions of India to UK investors.
The seminar aims to equip potential investors with invaluable insights into reaping rewards from India's robust housing sector. Participants can expect informative discussions on the Indian economy and the sustainable elements propelling its accelerated growth. Additionally, attendees will learn about regions poised for significant capital appreciation on their investments.
India's remarkable economic progression is indicative of the transformative shifts within its society. Notably, over half of the country's population is below the age of 25, positioning India to have the largest workforce and consumer base by the year 2020.
The increasing trend of urbanization, coupled with a preference among modern young Indians to live independently, has driven demand for housing to unprecedented levels. Between 2000 and 2005, mortgage lending skyrocketed tenfold, yet the ratio of mortgages to GDP continues to be relatively low, illustrating a substantial potential for growth in this sector.
Andrew Fassnidge, managing director of Navyroof.com, stated, "The seminar will reveal how simple, effective, and profitable investing in India can be for both UK investors and Birmingham’s 55,000 non-resident Indians."
He elaborated, "All economic indicators suggest a promising and sustainable future for India. In just the last two years alone, property prices in India have surged by 70%."
Market analysts have voiced that for investors looking to mitigate the slowdown seen in the US and European markets, the Indian subcontinent could very well be their ultimate refuge.
With projections indicating that around 300 million people are likely to inhabit India's burgeoning middle class by 2010—exceeding the population of the entire United States—while the economy is poised to expand by eight percent annually until 2020, the potential for investment remains enormous.