Quote:
Originally Posted by iced
With all the uncertainty in the world probably the best thing is to do is hold on to your money and wait for prices to fall, see if you still have a job and make sure that you dont lose your existing home. Not a good time for investing overseas if you are in the UK.
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Uk , Europe, Russia, Pakistan are more or less 50% of investors in Dubai
With their currencies losing as much as 20% by the end of the year expect big effect in the local market. On the other hand all those people if already bought will try sell and increase the profit by 20% from the rate exchange.
If the $ earns another 5-10% expect surprises in Dubai.
If I have a one bedroom in Greens I will sell it for 200k pounds and will by a nice detached house in Uk (maybe with a little more extra cash).
The dollar strength could be a big problem