Arab Today, arab today dubai house prices flat in q1
Last Updated : GMT 11:12:15
Arab Today, arab today
Arab Today, arab today

Dubai house prices flat in Q1

Arab Today, arab today

Arab Today, arab today Dubai house prices flat in Q1

Dubai - Arabstoday

House prices in Dubai were flat in the first quarter of 2012, according to the Knight Frank Global House Price Index released on Saturday. Average prices were unchanged from the fourth quarter of 2011, and were 0.3 percent down on the the last six months. Knight Frank\'s index also showed that house prices in the emirate had fallen 1.1 percent on the year-earlier period, placing the city 29th on the list of 53 real estate markets worldwide. Brazil was the top global performer over the past year, the index showed, with a 23.5 percent increase in prices since Q1 2011. Estonia, India and Austria also posted double digit price rises in the same period, Knight Frank added. At the other end of the index, Ireland was named the worst performing real estate market over the past year with a 16.3 percent price drop. Greece and Portugal completed the bottom three as the euro zone crisis continued to weigh heavily on property sectors. Global house prices were static in the first three months of 2012 but it is the first time since Q4 2009 that annual price growth slipped below one percent, Knight Frank said. The weakening sentiment was due to the euro zone’s malaise, the IMF’s decision to revise its GDP forecasts downwards and a concern that the global economic recovery is struggling to gain any real traction. Knight Frank added that the next three to six months will be critical for global housing markets. \"If discontent in Spain and Greece can be appeased and France and Germany agree on a firm path of growth-promoting policies, the crisis could ease.  Either way, it will be 2013 and possibly the latter half – before the index starts to strengthen,\" it said. In April, Jones Lang LaSalle said residential property prices in Dubai had bottomed out, reaching prices not seen since early 2008. Villa sales increased three percent in the first quarter of 2012, compared to a peak in the third quarter of 2008, but prices still remain 25 percent lower, the firm said in its quarterly Dubai real estate market overview, which sourced data from REIDIN. It said apartment sales in the emirate also started to stablise in the first three months of the year, but prices remained low, down 34 percent compared to 3Q 2008. From / Arabian Business

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai house prices flat in q1 Arab Today, arab today dubai house prices flat in q1

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday