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In this week’s report, Al Mazaya’s
Real Estate Report addresses the fact
that regional markets are increasingly
struggling to bear the burdens of
international economic pressures.
Supply and demand indicators are
no longer capable of accommodating
continuous deviations and distortions
relating to fair prices, which isstarting to
have tangible effects on market forces.
This situation has emerged amidst
negative contributions made by some
of the region’s real estate brokers,
leading to “unnatural forces” in relation
to supply and demand – a matter that
makes it difficult to assess what is a
fair price for available real estate units.
Brokers’ ability to influence the volume
of offered units, in some markets, means
they are able to control the market
and prevailing prices, irrespective of a
market recession or economic boom.
Mazaya Monthly Real Estate Report
Week 2 - May 2016
Real estate laws and legislation must counter negative practices of some real estate brokers'
Al Mazaya: Seeking to adjust the real estate market’s
progress is a collective responsibility involving
governments and the private sector