Despite previous claims that the UAE would be “unaffected” by the collapse of the US investment bank Lehman brothers – It is now turning out that this is not the case. Just exactly what impact this will have on the UAE is uncertain at this time, but it is likely to be substantial.
The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50% from a year earlier, Realty Trac, a foreclosure listing company said last Friday
Since the 1990′s, the property market in the Indian subcontinent has witnessed a vast change. In the early 90s, people in India, especially those residing in the tinsel town could not even afford to dream of purchasing a property but with the gradual increase of income and the home loans made easy for all, the property market in Mumbai saw a sharp rise.
More on Improvement in Mumbai’s Infrastructure…Spells Boom in Property Market
