Reality check in Real Estate

The reality market is again facing the ghosts of the past. Dubai World’s credit problems are making international realty companies worried. The problems are plenty and it is being seen that major companies which had large stake in Dubai are directly impacted. Another factor is low volume of sale in home property segment. The recovery is still in progress but the consumer confidence is not back yet. There are many realty companies which are facing the problem of liquidity. The builders have ready to move houses but buyers are not interested yet. The developers have started offering the discounts and special prices to the customers but the market is not showing the reactions. Growing concerns are making the sector look very depressed. The recent Dubai crisis deepens the problem and it may take more time to recover. Analysts are still waiting the impact report to see what the scale of the impact is.

No Comments »

RSS feed for comments on this post. TrackBack URL


Leave a Reply