The old adage has always been to ‘sell high and buy low’. UBS Swiss leading bank has again done a fantastic job in Global Real Estate Bubble Index for 2019.
It allows investors to take a look at 24 prominent property market and such which areas are over-valued, all the way down to under-valued.
Dubai’s housing market, which was included for the first time, is fairly priced, the report found.
“After peaks in Dubai’s housing market in 2008 and 2014, prices have fallen by almost 35 per cent,” Ali Janoudi, head Central and Eastern Europe, the Middle East and Africa at UBS Global Wealth Management, said.
“We expect prices to find a bottom soon but we would still encourage all investors to be diligent in their real estate research,” he added.
We have long stated this market represents a fantastic opportunity, developer concession, price reductions, post-handover payment-plans…. the list goes on.
Markets go up and down and purchasing on the right curve is essential. there has never been a better time to get on the housing ladder or to further an investment portfolio.
I strongly recommend reading the full report on the link above.