Wednesday, November 12, 2008

No Premium Properties

No premium properties as what I know are properties that are on the resale market that doesn't have profit. It means that property owners are selling just to get money their money back which they have spent on that particular property.

So what is the reason why property owners are selling their units without premium? I think maybe because of the global economic crisis that people need cash or they are afraid that property prices will go down.

1 comment:

Brad Zurich said...

Well some Dubai Developers are even offering discounts just so that they can sell their stocks. In this financial situation whatever strategy works you have to try it.