The markets here...
The reason why the markets haven't crashed yet is because, when they are on the brink of doing so, the big players throw piles of cash at them, causing them to stabilise again and soar.
Forget waiting for that bubble in the stock market or real estate to burst - they will make sure it doesn't happen and prices will probably rise again in the new year.
Food for thought: Inflation for next year is expected to be around ten to fifteen percent.
Maybe it's time to invest in a vanilla villa* out in the sticks.
*Vanilla villa: one dull, dry, uninspirational house set among thousands of similar looking ones. Milton Keynes with palm trees.
Forget waiting for that bubble in the stock market or real estate to burst - they will make sure it doesn't happen and prices will probably rise again in the new year.
Food for thought: Inflation for next year is expected to be around ten to fifteen percent.
Maybe it's time to invest in a vanilla villa* out in the sticks.
*Vanilla villa: one dull, dry, uninspirational house set among thousands of similar looking ones. Milton Keynes with palm trees.
posted by desertblog at 9:08 am
2 Comments:
When you see workers salaries in building between 400 to 600 dhr and now chinese "slaves" at 250 to 300 dhr, why all these spectaculars prices in real estate?
Money Laudering is the major answer.
The bubble is here but also confidence and security.This security is paid by rulers to activist near the country. If the agreement between these groups and UAE authorities fall, It'will be a real crash, real estate first and tourism and trading, few days after.
be carefull before buying...
UAE FEDERAL DECREES
UAE FEDERAL DECRETAL LAWS
UAE FEDERAL RESOLUTIONS
UAE MINISTERIAL ANNOUNCEMENTS
UAE MINISTERIAL RESOLUTIONS
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