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US realty turns hot property; Indians snapping up big housing deals

Posted on 23 May 2011

Santhosh KumarAccording to the US National Association of Realtors , Indians contributed 7% of total international home sales of $82 billion in the US during the year ended March 2011, only behind the Canadians (23%) and the Chinese (9%). The year saw the highest home sales in America after the meltdown, and the largest purchase in value terms by the Indian community in three years.
“The US is a mature market and very transparent. Unlike in India, it is easier to manage property there,” explains Santhosh Kumar, chief executive officer of operations at global property firm Jones Lang LaSalle, which has closed about 5-6 such transactions in the last 12 months……………………………………….Full Article: Source


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