The average property of Indians goes up by 400 percent in the last 10 years
Posted on: 12/May/2016 12:31:57 PM
A report from New World Wealth informs that the average property value of the Indians has shot up by 400 percent.
During the same 10-year period, the average property value of Europeans has reduced by 5 percent.
However, the average property value has increased in developing countries like India, China, and Vietnam.
The average property value of Australians has gone up by 100 percent and that of Canada, has gone up by 50 percent.
The main reason for the reduction in the average property value of Europeans is attributed to the fact that many wealthy persons have been leaving Europe. The world financial crisis in 2008 and the crisis for housing facility has reduced the property accumulation of European citizens.
The prospects are that Europe will continue to lose its leadership position in several fields to Asia, Especially, there will be an increase in the outsourcing of European jobs to countries like China, India, Sri Lanka, Phillipines, and Vietnam.
Thew term property in this report has been taken as the individual’s net property. It includes immovable assets, cash, stocks, interests earned to trading, etc.
