The grass is always greener syndrome appears to be alive and well for Australian real estate investors. Several firms are advertising in Western Australia highlighting eastern states property investment opportunities. While at the same time strong growth rates in Melbourne, Queensland and NSW mean that some eastern states investors are viewing Western Australia as affordable in comparison.
A report released yesterday said Dubai Real Estate is witnessing a seasonal slowing in price appreciation.
The residential property investment market recorded a 1.6 per cent month-over-month gain in June, which indicates a slower price appreciation compared to the four point four percent in April and three point five per cent recorded in May. The report came from Al Mal Capital’s “Real Estate Monthly Report” for June.
More on Investing in Dubai Property – Seasonal slowdown seen
Real estate sources are claiming that the recently-introduced two-year freeze on rents in Qatar has prompted some landlords to unreasonably raise the rentals for new tenants.
The rent law has been effective in curbing rent rise in general, but several landlords are fleecing new tenants to compensate their losses and attempting to cash in on the continuing shortage of residential and commercial properties in the local market.
Mumbai flat owners, beware. If you own a rental property, it is time to keep your leave and license agreement within sight. Or get the agreement prepared and registered if you haven’t already.