A rate of 6.5 sounds like heaven at the moment! Yes, the pound has been battered and bruised lately, and I've just heard that the BofE have dropped interest rates by 1.5%, to 3% base rate! Will this deter investors from buying sterling, and strengthen the dollar even more? If so, our exchange rate for dirhams will suffer even more! I'm having to play the waiting game in anticipation for my next payment due in April.
Message to SusieQ - when u went to Dubai recently, did you visit the Lake Towers development site, and if so, was there plenty of activity? I guess there's not much to see at the moment, but if the brochures are anything to go by, 5th avenue looks good! I know they've still got apartments left to sell.
I was wondering if anyone considers whether buying a second parking bay at 5th avenue is a good choice? Will it make a good investment, should you wish to sell the flat with both parking slots in the future (remember that end-users may have more than 1 car!) ? Or the possibilty of selling the second parking place on its own for a small profit, if someone who has bought an apartment or studio without parking later decides that they would rather have a parking bay after all! What do you think?
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