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UAE- Real estate prices likely to come down next year (MENAFN - Khaleej Times) From next year the value of property market in Dubai will start falling back to its 2007 level and may arrest the rising prices of commercial and residential units, according to Moafaq Al Gaddah Group of Companies (MAG International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative NEW YORK, NY -- (MARKET WIRE) -- 07/02/08 -- The International Real Estate Federation (FIABCI) announced its support of a plan by the Global Housing Foundation (GHF) to provide access to affordable housing for residents living in some of the world's Low sales for prime commercial real estate Office and retail space that once attracted top dollar have suffered from plummeting buyer interest, with sales down 60 percent for the first half of the year, according to figures released by commercial real estate agents CBRE. Listed property trusts Consumers are expected to rein in their spending habits as the job market softens and the real estate market cools, according to a TD report. The report suggests spending growth will pull back from above five per cent in 2008 to 2.6 per cent in 2009 in year-over-year comparisons. 'Households have been spending almost like drunken sailors over the past couple of years, which provided critical International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=791360 International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative Extract not available. Best Real Estate Promotions BusinessWeek editors Peter Coy, Dean Foust, Chris Palmeri and Prashant Gopal chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside Real Estate Roundup: West Linn developer buys Willamette Christian church site Willamette Christian Church of West Linn has sold a portion of its property to a local developer.The $3.05 million sale involves 2.67 acres of prime retail land as well as three single family homes and a 12,000-square-foot administrative structure. The |
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