Real estate sales in Jordan plummet; Qatar house rents have fallen 35%; Dubai prices fall 17%; Hawaii’s luxury condo market hit by swine flu fears and recession; Hugh Hefner needs to sell a house as financial problems increase.
If anyone was thinking of believing the twisted statistics being pumped out by the governments and newspapers, this is a representative selection of headlines that might persuade you that perhaps, just perhaps, the problems are not all over in the housing markets.
The volume of property sales in Dubai is poised to rise as more global investors enter the Gulf markets, said Blair Hagkull, MD of Jones Lang LaSalle, a real estate investment and advisory firm. Dubai is projected to record a 55.2% increase in property deals to hit $195 billion in 2008.
More on Investing in Property in Dubai – No shortage of new developments
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
