Property in India is highly sought-after, according to the latest Rightmove Overseas Report.
Commenting on the climbers and fallers in this month’s search chart, Shameem Golamy, head of Rightmove Overseas, said: “Searches for property in India dramatically increased in August, and this was due to currency rates. The Indian rupee fell last month creating a great opportunity for non-resident Indians to purchase property at highly competitive rates.
“This was also mirrored in Spain as the euro also demonstrated a drop in currency rates.
“Bali was unusually high in searches last month and this was down to David Hasselhoff’s resort being listed on Rightmove Overseas. Celebrity properties always generate interest from fans (mainly just to be nosy) so we always expect a surge in searches whenever we have a famous house listed.”
Charles Purdy, managing director of Smart Currency Exchange, said: “Property investors tend always to be rate savvy and therefore it is no surprise that there has been increased interest in Indian property as we have seen the Indian Rupee weaken to over 100 against sterling in the last few weeks.