A new report by real estate consultancy CBRE has found that transactions in Dubai's property market fell by 45% in the third quarter as investors remain cautious about entering the market. The number of residential deals slumped to 1,459 in the quarter, down from 2,648 in the year-earlier period, CBRE noted. "There's a lot of uncertainty in the market still. Despite stabilising prices, there is still reluctance to get back into the market, certainly on the investor side. At the moment, people are still slightly risk averse," said Matthew Green, head of research and consultancy at CRBE.
No comments:
Post a Comment