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Sellers Need to Adopt New Strategies to Cope With Changing Trends
During the end of year 2010 and the whole of 2011, a positive change was observed in investors’ mindset, which is revealed later in this article. The Dubai real estate market trends are changing and sellers need to amend their selling techniques and propositions accordingly. The change in trend is due to the significant change in economical and political conditions of the whole world. The US, European nations, North Africa and many other countries are going through significant economic instability, which automatically brings political turmoil. This has made investors to turn towards the Dubai real estate market. However, this time investors have different mindset and in order to attract investors, sellers would need to understand the change and its effects.
Cash-ready serious investors
After the property slump in Dubai, foreign investors fled away seeking opportunities in other regions, especially in Europe. Now as the economic instability mounts across Europe, many investors are once again inclined towards the property market of Dubai. According to senior Dubai real estate agents, this year Dubai has witnessed bigger number of investors. Many of these buyers are individuals looking to relocate to a politically stable and peaceful region like Dubai and settle down with their families. The analysts believe these buyers are cash ready, serious and seek quick transactions of quality properties offered are reasonable prices.
Solving the Housing Problem
The solution to the housing problem is very simple. Get people back to work.
Once families are making money again there will be family formations and new homes will be one of their high priorities.
Today they are trying to solve the problem by lowering interest rates. Interest rates at zero will not solve it. Unless people are back to work with steady incomes there cannot be a demand for new homes.
We have narrowed it to lack of jobs. There has been more than a little discussion about jobs, but that is all. TALK. And that isn’t getting it done.
So how do you get more jobs? Of course there has to be demand for whatever product the business is selling whether it is a brick and mortar manufacturing company or a service provider. We are back to step one.