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No, we don't wanna buy a home: This is the new Indian mantra

FP Staff February 26, 2014, 13:04:15 IST

[caption id=“attachment_77670” align=“alignleft” width=“860”] New Credit Suisse survey reveals India is the least interested in real estate investment among the BRICS. Thinkstock Images[/caption] [caption id=“attachment_77660” align=“alignleft” width=“860”] India survey: In India less than 20% of respondents at any income level said yes to a property purchase decision. In fact those earning more than Rs 50,000 a month were less keen in buying property than those earning between Rs 10,000 and Rs 50,000 a month!

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No, we don't wanna buy a home: This is the new Indian mantra

[caption id=“attachment_77670” align=“alignleft” width=“860”] New Credit Suisse survey reveals India is the least interest in real estate investment among the BRICS. Thinkstock Images New Credit Suisse survey reveals India is the least interested in real estate investment among the BRICS. Thinkstock Images[/caption]

[caption id=“attachment_77660” align=“alignleft” width=“860”] A Credit Suisse Emerging Market Survey 2014 reveals that India has the least interest in buying real estate in the next two years. In India less than 20% of respondents at any income level said yes. In fact those earning more than Rs 50,000 a month were less keen in buying property than those earning between Rs 10,000 and Rs 50,000 a month! India survey: In India less than 20% of respondents at any income level said yes to a property purchase decision. In fact those earning more than Rs 50,000 a month were less keen in buying property than those earning between Rs 10,000 and Rs 50,000 a month![/caption]

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[caption id=“attachment_77662” align=“alignleft” width=“860”] People in Brazil have a great interest in buying real estate in the near future. Even those earning less than R$489 a month are fairly interested in purchasing property while a whopping 40 percent in the top income bracket ( earning more than R$11,411) are interested in real estate investment. Brazil Survey: People in Brazil have a great interest in buying real estate in the near future. Even those earning less than R$489 a month are fairly interested in purchasing property while a whopping 40 percent in the top income bracket (earning more than R$11,411) are interested in real estate investment.[/caption]

[caption id=“attachment_77663” align=“alignleft” width=“860”] China too shows a similar trend to Brazil. China: India’s northern neighbour too shows a similar trend to Brazil.[/caption]

[caption id=“attachment_77665” align=“alignleft” width=“860”] Ecen the Russians seems to be showing more enthusiasm than Indians, especially the top earners. Russia Survey: Even the Russians seems to be showing more enthusiasm than Indians, especially the top earners.[/caption]

[caption id=“attachment_77666” align=“alignleft” width=“860”] While South Africa beat both India and Russia. South Africa: In terms of realty buying intentions, South Africans are more gung-ho than India and Russia.[/caption]

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