In India , its much more than a boom In my city, prices are 10 times what they were 5 years back (according to today's newspaper).
The prices are stagnating in northern europe, some say they will go down. It has been a boom the last 10 years. I just sold my house and made a profit of 90% in only 6 years.
I read the Europe might be on the verge of a major bust just like the US, no one can afford houses over there, people living with their parents forever etc But don't know if its true
very true. in Mumbai and Delhi, prices have gone so high that they are unaffordable for the common man. however, I feel real estate prices in India may correct in next couple of years as a lot of fresh supply is expected in 2008-2009.
are the building tons of new buildings in the indian cities? in miami they built all these condo towers with thousands of units but they over built and now that the market is changing the prices on the condos are dropping rapidally
The housing market in the United Kingdom is currently so expensive and it is so so hard to get on the housing ladder. for me and my partner we just cannot afford the deposit for even a small flat for ourselves, so we have to stay renting until we can afford the deposit.
city where i stay has boomed alot than expected. as sachin said cities like Mumbai, delhi and also Bangalore's prices have rised up alot since last 5 years.
That sucks. In the US, they have a first time home buyers program (an FHA loan) that's pretty good. Otherwise, first time home buyers that were in the military could use the VA Loan, which is even better. Some cities/counties/states have special programs with tax deferred loans or even grants. Maybe there's something in the UK like one of the above.