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Al Mazaya: Gradual correction of real estate prices
reflects market flexibility and fair pricing
Real estate market trends in the region's
countries have revealed that not every
price rise is a positive indicator and not
every reduction is negative. The economic
cycles of the region’s economies are
directly linked to what is going on
within the global economic system
and, therefore, they do not present any
unique challenges. While the fiscal and
economic cycle has undoubtedly become
shorter and often does not exceed
six years, the situation must become
part of an accepted series of regular
trends – between growth and recession.
Rental and purchase prices are
considered among the most important
measurements for fiscal and economic
cycles in the region’s real estate
market. This is particularly the case in
economies of countries that are open
to foreign investment and, therefore,
they must increasingly anticipate
these cycles within the core part
of their middle to long-term plans.
Mazaya Monthly Real Estate Report
Week 4 - May 2016