Recession Hits Land Values

Over the past year the land values in India have doubled, tripled and quadrupled. The land prices have seen phenomenal increase in the land prices. Due to the economic boom the land values in and around the major cities of India has reached incredible heights. To buy a land in and around the cities was impossible for the middle class. But due to the recent economic down turn the land values around the slided to all time lows around the world. This has prompted the decline in the land values in India also. During the good times the builder were quick to move the most of it. A lot of apartment complexes sprang up all over the cities out skirts. The builder made a lot of money. But now many of these apartments have no takers. The people simply can’t afford these high end houses any more. The investors are reluctant to invest in land. The experts have predicted that the land values will come down considerably in the coming years. The sellers will be forced to lower their prices to find customers. So it’s important that investors think twice before investing in land for a few months until the situation improves.