The pound has once again touched 2 dollars, is this the begining of the end for the dollar???
Errrrr....yes.
With US stocks trying very hard to stay afloat, is another crash imminent??
Errrr....maybe
With another Interest rate RISE a surity in the UK, are these the parallels to the crash of 1920's and 1980's??
Errrr.....no
What has all this gotta do with Dubai and its property market??
Errrr.....property growth may stifle???
I live in the UK. Crime levels are high (overcrowding prisons), education is expensive, housing is unaffordable (unless you purchase a garage and convert it to a studio), benefit system is abused and Gordon Brown is about to become PM...arrrghhhh! The buy-to-let heyday will come to a grinding halt and become the harbinger of a mini-crash.
I will eventually live in Dubai (from someone who never even contemplated this scenario two years ago).
Why may Dubai escape the property gloom? Because people will come to Dubai as long term residents and the population is increasing at a rate to justify large scale developments.
"If you build it, they will come."
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