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Foreign funds shy away from real estate: Vestian
The Sunday Guardian
|April 14, 2024
Institutional investments in real estate declined 55 per cent annually in January-March this year to USD 552 million as cautious foreign investors stayed away, pumping in only USD 11 mn, according to Vestian.
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The real estate sector had attracted USD 1,238.3 million (USD 1.23 billion) in the January-March period of 2023 calendar year, as per the report, which was released on Saturday.
The latest data by global property consultant Vestian showed that the institutional inflow from foreign funds in the country’s real estate plunged 99 per cent to just USD 11 million in the first quarter of 2024 from USD 791.4 million in the year-ago period.
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