In Dubai, real estate speculating again

On the Dubai property market is increasingly began to notice cases of speculation - the objects on the secondary market, launched just six months ago, sold at inflated prices, reports the online edition gulfnews.com . According to the source, such transactions are now a bit, but enough to see the beginning of a trend. After all, these transactions resulted in the formation of a bubble in the property market in Dubai in 2008, Johns Lang LaSalle's experts noted that the government of the emirate intends to prevent a speculative rise in house prices and to take a number of measures for this purpose. Developers are also taking steps to reduce the risk of short-term speculation. Experts believe that due to the stable level of demand and supply, which is now marked on the housing market in Dubai and the emirate's government plans to regulate the volume of mortgage loans, the volume of speculative transactions will not gain speed such as in pre-crisis times. HomesOverseas.ru