Quote:
Originally Posted by iced
With due diligence prices will fall. More bad press regarding bribery and Tamweel. When off plan prices exceed ready property prices you know a fall is coming when people take second and do the maths and risk management calculations.
It will probably be a couple of years when we see the full effects of downward price movements
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Prices are already going down now with the strength of the dollar, downturn of the petrol, and shortage of fresh liquidities expect big autumn surprises as much as - 30% in some areas( for example JVS the prices will go back to 700dhs persqft)