The property apocalypse draws closer...

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Oct 31st 2007, 12:58 am

#1096

IndieG

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by Dubai_Chick

Originally Posted by IndieGirl View Post
I assume you are referring to 'off plan' investments. If there is one thing I learnt so far it is to buy the ready ones. Even better to buy those with the tennants in.

I disagree about buying properties with a tenant and not with vacant possession, from an investor's point of view I'd be wary especially with the current rent "laws" . Because you're stuck with tenants protected by the current rent cap and without the potential to earn "current market rents"

Thanks to Gareth's link I am reading up on old post. Now if only that other lady had read this in time.

Just to clarify - the post in black was Dibalo's and my response to him was in red

Last edited by IndieG; Oct 31st 2007 at 1:07 am.

Oct 31st 2007, 6:49 am

#1097

Dubai_Chick

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by IndieGirl

Just to clarify - the post in black was Dibalo's and my response to him was in red

I know

that was the one I was referring to.

Nov 1st 2007, 12:51 am

#1098

expat.brat

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Re: The property apocalypse draws closer...

Looks like the real estate market prices might be fuelled higher even further..
the UAE cuts interest rates.

http://www.gulfnews.com/business/Ban.../10164295.html

When will they realise this dollar-dirham peg is causing more harm than good??

Nov 1st 2007, 12:56 am

#1099

Paidtoplease

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by expat.brat

My god the pound is sitting at 7.6 against the Dirham

Nov 1st 2007, 1:32 am

#1100

IndieG

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by Paidtoplease

My god the pound is sitting at 7.6 against the Dirham

Awful for expats who are servicing a UK mortgage.

Wonder if there are many Brits/other Europeans (not expats) investing in property here....

Nov 1st 2007, 1:34 am

#1101

Blue Cat

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by IndieGirl

Awful for expats who are servicing a UK mortgage.

Wonder if there are many Brits/other Europeans (not expats) investing in property here....

I have got two friends who have bought on the Marina and they don't live here. I think there will be alot of 'outside' investors.

Nov 1st 2007, 1:38 am

#1102

Border Reiver

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Re: The property apocalypse draws closer...

And a lot of people just using the apartments as holiday homes.

Nov 1st 2007, 1:53 am

#1103

Blue Cat

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by Border Reiver

And a lot of people just using the apartments as holiday homes.

definately, let's face it JBR was probably cheaper than a villa in Marbella.

Nov 1st 2007, 3:40 am

#1104

jvr20

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by IndieGirl

Awful for expats who are servicing a UK mortgage.

and even those who aren't!

Nov 1st 2007, 3:46 am

#1105

IndieG

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by jvr20

and even those who aren't!

True.......

Nov 1st 2007, 6:59 am

#1106

rushey

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by IndieGirl

Awful for expats who are servicing a UK mortgage...

.......... but superb for those who have invested and have to make dollar based downpayments

I have saved 4% since my last payment in April !!!

Keep it going, I predict $2.10 to the £ before xmas. The US economy is falling apart

R

Nov 1st 2007, 7:45 pm

#1107

W10

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by Blue Cat

I have got two friends who have bought on the Marina and they don't live here. I think there will be alot of 'outside' investors.

90% of all of the property investment has come from within or mega wealthy cash buyers.

Brits are buying, but not in massive, massive numbers.

Nov 3rd 2007, 5:02 am

#1108

diablo

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by Dubai_Chick

I know

that was the one I was referring to.

I didn't follow this one ... but when I see my name quoted I get a bit intrigued. Did I say something wrong there

However, back to that original topic ... the issue was whether to buy off-plan or ready to move in; and my preference was 'ready to move in' - even better with tennants. IndieGirl's argument was about the 'tennants in' and not about 'off plan' so I did not argue much ... however, even today I am not sure that her position was necessarily better then mine. Without tennants - you have to search for tennants - and once you have them you are still stuck with the 'law' and the rent cap; aren't you?

When you buy with the tennants - you already know the rent (and that you are stuck with the law) and it is up to you whether it makes business sense to you to buy or not. There is at least less uncertainity with tennants then without? Or perhaps not?

So who was lady that needed to know something about this before?

Nov 3rd 2007, 7:20 am

#1109

Dubai_Chick

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Re: The property apocalypse draws closer...

Quote:

Originally Posted by diablo

I didn't follow this one ... but when I see my name quoted I get a bit intrigued. Did I say something wrong there

However, back to that original topic ... the issue was whether to buy off-plan or ready to move in; and my preference was 'ready to move in' - even better with tenants. IndieGirl's argument was about the 'tenants in' and not about 'off plan' so I did not argue much ... however, even today I am not sure that her position was necessarily better then mine. Without tenants - you have to search for tennants - and once you have them you are still stuck with the 'law' and the rent cap; aren't you?

When you buy with the tenants - you already know the rent (and that you are stuck with the law) and it is up to you whether it makes business sense to you to buy or not. There is at least less uncertainity with tenants then without? Or perhaps not?

So who was lady that needed to know something about this before?

I was merely confirming to Indie Girl that I was referring to her quote. I think your name got muddled up in a multi qoute or when the quote facility was used incorrectly that is all. The question was posed on another thread about someone purchasing a tenanted property and being unable to move in at the end of the current tenancy period. If like that lady you are purchasing with the sole intent of making that your family home then I would not concur with purchasing a property with a tenant.

Last edited by Dubai_Chick; Nov 3rd 2007 at 7:28 am.