In among the old - Era Online
In by means of the oldEra Online, UK - 8 hours agoThe excess of unsold homes in coastal areas, anywhere the majority Britons own possessions, is rising better by the day, additional sad prices. ... |
In by means of the old - Era Online
The glut of unsold homes in coastalareas, where most Britons own property, is growing larger by the day,further depressing prices. With the economic climateworsening, most commentators expect further drops of 8%-10% this year. Thereare, however, strong regional variations. Some believe the market is near the bottom, andthe vultures are beginning to swoop. For British-based buyers, much dependson the exchange rate. Those who bought when the pound hit $2 are sitting onpotential profits.DubaiUntil recently, the capital of bling looked set to buck the global downturn.Those days now seem over. The market is looking distinctly wobbly, amidsigns of oversupply, tightening of credit and the first repossessions. Theproperty analyst Colliers International says prices, which rose by ablistering 80% in the year to the end of September, are likely to havefallen slightly in the past three months. Take a hard look at the market with our indispensable guideThe ten most common pitfalls when buying abroad... Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701.
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