KPMG forecasts more pain for Dubai housing | The National:
"House prices in Dubai will continue to suffer this year as cheap oil and the strong US dollar push properties beyond the means of many overseas investors, according to the latest report from consultants KPMG.
The low global price of oil is also depressing the Dubai housing market, KPMG added as it restricts the ability of some potential purchasers to buy and also because it is likely to prompt governments to cut budgets, which in turn means slower infrastructure growth.
Political unrest across the Middle East and economic uncertainties in China and Russia add to the factors deterring investors from entering the market, the company, one of the Big Four financial services firms, added."
'via Blog this'
No comments:
Post a Comment