Very informative article by Julian Murdoch. However this is copy of an article authored by "Hard Assets Investor" in istockanalyst.com two days ago. I assume you are the same author.
Seeking Alpha in Indian Real Estate [View article]
An excellent article. I live in Cochin, Kerala, where the real estate prices have shot through the roof. Expecting an IT boom, villages surrounding Cochin have had their prices up in the last 2 years from Rs. 15,000 to Rs. 700,000 per cent! And every other villager is a property dealer. Many people do multi deals simultaneously, all precariously balanced. But all factors which contributed to Kerala boom are negative now. Interest rates are up, Gulf remittances are at an all time low, uncertainties in the IT sector and an in-fight ridden and incompetent state government prevents thriving industries, new mosquito-spread diseases like Chikungunia etc. threaten tourist inflow. In short everything is negative for real estate in Cochin, which, I guess, is a microcosm of Indian real estate market.
What is happening now is that prices have not fallen significantly, but there is a great tension. There are no buyers, but sellers are not giving in. I think it is a matter of a few weeks before the crash begins. And I was thinking of a good way to short Indian real estate market. Your suggestion has given me some food for thought. Will work on it. Thanks again.
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Seeking Alpha in Indian Real Estate [View article]
What is happening now is that prices have not fallen significantly, but there is a great tension. There are no buyers, but sellers are not giving in. I think it is a matter of a few weeks before the crash begins. And I was thinking of a good way to short Indian real estate market. Your suggestion has given me some food for thought. Will work on it. Thanks again.