Gateway of India-Mumbai

The overseas property market in India offers more long-term investment possibilities than other rival markets such as Egypt and Morocco, says an industry expert.

Hetal Shah, director of Investors Provident, said that there were certain restrictions for investors looking to buy property in India, making the process more "tedious" than the popular hotspots in eastern Europe.       

However, Mr Shah insisted that investors were well advised to look into the large cities in India for investment.

Although he admitted that Goa had probably been "done and done", he revealed that long-term investments in other areas were ideal.

"Areas like, for example, Bangalore, Hyderabad, where you've got the IT sectors, you can't go wrong with those," he suggested.

"And definitely the metros: you've got Mumbai, Delhi. They're expensive, but then again, you can't go wrong because it's like investing in London; you'll just never go wrong in the long-run."

He added that Goa still offered potential for those looking to buy a holiday home because of its strong tourist links but maintained there were better investment opportunities available to those looking for overseas property in the region.