Residential property prices in Dubai in the second quarter of this year decreased by 4% compared with the first quarter. The current decline in prices was the first in the quarterly comparisons, - the report said the consulting company Colliers International. Company experts predict a further decline in prices due to the appearance of an already overheated market of new offerings. "We expect a further decline due to the appearance on the market of new proposals, which seriously hinders the restoration of the sector", - said Ian Albert, regional director of Colliers. Last year, prices for the second quarter increased by 7% compared to the first quarter of 2009. On this Site: business.maktoob.com
House prices in Dubai fell by 4%
03.08.2010
Homesoverseas.ru editorial office
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