Whos got a complex????
I actually thought you wrote some valid points in your other post i replied to, and i wasnt referring to you! However, you have neglected to read the above i feel. You are definately an exchange rate loser. You`re using the sale price to yield ratio and then exchanging it into pound sterling. In which case it isnt hugely attractive short term. You think english buyers drive prices in Dubai? Wake up! To professional investors in Dubai, int city is a solid investment. They`re getting 10%+ gross yields from NEW BUILDS, because they`re not subjected to currency exchanges.... Its likely they`ll continue to drive prices up until yield gets to a stage that you suggest i.e. more attractive to bank their cash. Or are you the only one who knows about yield....the arabs haven`t worked out yield yet? 10%+ isnt good for an investment buyer? 200,000 of you have been around in the UK since the uk boom started.....SELL NOW its looking shaky the falls are coming ladies and gents! shaky for 10 years and over 200% price increases in some areas. If a properties cash flow positive which it is for me, then i`ll stick to newtons law of gravity....a body or trend in motion tends to stay in motion. Keep trying to pick tops and bottoms will keep you on the sidelines during some of the most profitable trends.... The UK market being one of them. If uae investors are ALREADY earning 10%+ yields on int city, and bearing in mind rents are linked to inflation as opposed to the more volatile movements up and down of the property price, exactly how far down do you think people will let property prices go before they go in with pots of dough buying up everything in sight?.
How much room is there for first time buyers and potential home owners to keep bidding up prices at int city? And when they`re out the game, cometh the mugs buying at the top, which you are assuming we are even tho we bought 2 years ago. Thats your opinion. Mine is that you act on figures and facts that are irrelevant, and that ignore what really drives property prices. These figures have been bandied around by uk "experts" for absolute years. You ignore the fact that these properties are rental cash flow positive and that some of us know rents dont really budge like property prices, and that we`ve bought with a 10 year view and that we dont actually care about irrelevant sale price moves as long as we`re cash flow pos. We`ve bought! you were thinking about buying now, which is totally different! i cant speak for anyone else, but i was exchanging sterling into dirham at 6.7 and above all the way thru the stage payments. Im gettin 10% yield and you`re trying to convince me into sellin! Leave off mate!
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