Small property investors will be facing an enormous dilemma in the coming years. Who to trust for advice. Very few of the institutions saw the housing bubble coming, and the few that did, mentioned “a small correction, perhaps single digits.”
The value of real estate in Romania – malls, office buildings, houses and land – has declined by an average 30-35 percent since January, after a sound 15 percent annual increase since 2004, according to Colliers International consulting company Managing Partner, Bogdan Georgescu. According to the company,the depreciation is caused by the global financial crisis, which has sharply affected the local Real estate sector, making investors think twice before acquiring a property.
More on Romanian Property Prices have fallen 30 percent this year
Dubai’s lack of transparency is causing potential investors to pull out of the market in droves. Foreign investors withdrew as much as $57 billion from UAE banks in October. The plan of producing press release after press release claiming unreasonable strength in the Dubai property market is backfiring dramatically. When faced with conflicting reports about the state of the market and no true figures, many are chosing to ignore Dubai as an investment completely.
More on Buying Property in Dubai – Confusion and lack of Transparency an Issue
The prevailing high prices in Dubai’s real estate sector are not sustainable for long and a slowdown is likely, a top asset management company chief executive said this week
“Prices are bound to stop growing at this maddening scale,” said Shehab Gargash, chief executive officer (CEO) of Daman Investments, on the sidelines of a press conference to announce investment in renewable energy venture. “Will it be a crash? I don’t think so. I doubt we will see a significant long-term bust. But we will see corrections.”
Australian’s traditional houses were made of corrugated iron, roof and sometimes even walls, in the absence of wood, with big veranda all around. The veranda started off purely practical – a tin house turns into an oven very quickly in Australia’s heat.
Dropping property prices after an unrealistic boom period are causing small speculators issues in China
“When the real estate sector was booming, every morning, the first thing I did was to think how much I’d earned. Now, the first thing I do is think how much I’ve lost,” says Liu Bin, a Shenzhen real estate investor.
“I’m in a very awkward situation. All I can do now is to rent rooms out for the money to pay bank loans.” Liu says.
Dubai is to introduce a set of short-term visas for foreign investors in the real estate sector. Be warned. Developers and agents selling property with the guarantee of a residence visa should be avoided. It is not a given that those who buy a property in Dubai will get a residence visa.
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Strong growth backed by huge pent-up demand, a growing population and liberalization of the real estate sector is expected to keep prices strong in Abu Dhabi for the next 5-7 years – according to a report by EFG-Hermes, a regional investment bank
More on Abu Dhabi Real Estate shows strong short term demand
It would appear that the UAE is beginning to face similar problems to much of the rest of the world as far as lack of available finance goes, but for different reasons. New companies and mid-size developers in the UAE are apparently finding it difficult to obtain finance for their projects as banks are on the brink of reaching the legal 20 per cent cap on funding to real estate.
Chennai is the most preferred place for corporate and Multinational Companies due to its expert manpower and outstanding business environment. The upsurge in sectors like the IT and the BPO industry of Chennai has played a vital role in the modification of the commercial real estate market, thus setting it up for the growing demands of the business market.
