As property prices continue their downward spiral in Britain, investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.

Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller numbers of new mortgages being advanced.

Except in several areas of London, property prices all over Britain have recorded at least a 2% drop in the last year due to the credit crunch.

The slowing of Britain’s property market has led to several individual and institutional investors looking to India and other international hotspots.

India is also seen as an attractive destination due to the Indian government’s recent decision to relax rules for foreign investment in the housing sector.

Several India-specific investment funds have been set up, while British citizens of Indian-origin are increasingly investing in places such as Gujarat, Gurgaon, Bangalore, Chandigarh, Pune and Jaipur.

The investors here are also courted by Indian builders and property agents who organize exhibitions in London, Manchester, Birmingham and Leicester.

In Birmingham, a seminar was organized yesterday by Navyroof.com, a company that highlights investment opportunities in the most up-and-coming areas of India to the UK.

It offers potential investors advice on how they could benefit from investing in India’s thriving housing sector.

At the seminar, information was provided on the Indian economy and the sustainable factors driving its rapid growth. Also highlighted were the areas likely to give the greatest capital appreciation on investment.