It all depends what you need
If You need a house to live it is best time to buy.
If you need to make asset in form of real estate again it is good time to buy
If you want to diversify your asset in cash plus property then again you need to buy right now.
If you are looking for short term gain and you are are sure you will need all this money back in cash again after 2,3,5 years then I will not recommend, Your property may gain more than Currency value. But Most Properties at right or desired price cant be sold right away. CVT stamp duty No construction charges etc also tap your profit.Properties all over the world have cyclic trends and you are lucky if this cycles matches your needs. Mostly it does not.
My own experience is of last 5 years is my properties gained 60% to 70% in Pak Currency If I would have Kept in Dirham the gain would be 40% and If National saving the may be 80 to 90%, But It was a planned decision to convert a part of asset to Real estate
So think Yourself You Need to buy a Cup or you need spoon and do what you need
Aamir replied on Friday, September 21, 2012 05:43 AM
Real property bought at right time & location always surpasses every mode of legitimate growth after a lapse of 6 years. A billion dollar question as to what is right time & location. I think LRE tries to provide insight to this question.
That's why you are reading this page. |
Jameel replied on Friday, September 21, 2012 05:52 AM
above ad was response to
""dollars or property"" by UAE #61094 |
