Tag: Mortgage Payments

Dubai is showing symptoms of acute financial strain

Dubai, Asian realty’s Promised Land, is showing symptoms of acute financial strain, causing big property developers like Nakheel to lay off hundreds, tycoons like Donald Trump to delay multi-million dollar projects, and average property buyers to balk at regulations that fail to shield investors from global fluctuations. The oil-rich Gulf region, many had expected, would […]

Indian real estate price can fall 60 to 70% from current levels in the next five years

The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments. OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. […]