Since the abrupt end of the property boom last summer the U.K property markets have started to look more unattractive and volatile for would be investors in the U.K looking to profit from property. Property agents in the U.K have seen property investors who used to just focus on the U.K beginning to explore alternative oversea's market's. The main reasons for the recent lull in activity in the housing markets have been the tightening of the credit market's in the U.K and also wider economic factors including previous interest rate hikes and rising inflation.
These factors have also all combined to greatly reduce the confidence in the housing market in the U.K which has been one of the main driving factors of the property market over the past decade.
Oversea's property agents are beginning to receive more enquiries from U.K investors looking for property markets that are not fuelled by credit ie loans/mortgage's and also that are also still appreciating in value.
One such area of the world that has attracted a lot of attention that satisfies these criteria is the U.A.E. The area has seen a rapid expansion since 2002 when some of the Emirate's of the 7 that make up he U.A.E decided to offer freehold ownership of property to foreign national's. The first of the Emirates to adopt this stance was Dubai, which has been widely documented a property hot-spot for numerous years now. Money can still be made from this Emirate but more property experts are now starting to turn their attention to an Emirate only 12 miles away from the centre of Dubai but with prices less than half of Dubai currently.
Many realtors believe for good reason that this Emirate is likely to be the next Mini Dubai generally due to the amount of investment as well as location of the Emirate.
The Emirate in question is the smallest Emirate in the U.A.E called Ajman.
No comments:
Post a Comment