Contributing Member of the Real Estate Councils

Names and details of certain GLG News authors are available only to GLG Clients and Council Members. GLG News authors are subject-matter experts within the GLG Councils and are available for expert consulting - by phone, in-person, or written analysis. To find out how to become a GLG client or Council Member, click here.

GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

Oversupply Hits Many Other Glitzy Markets

October 16, 2009

Analysis of:Quarter of homes lying empty in Dubai | business.rediff.com

The 25% vacancy rate in Dubai is one more outcome directly related to hyperinflation in housing which is unsustainable in the new era of illiquidity. Even the previously unassailable American conclaves of wealth, privilege and luxury (Vail Village and Aspen, Colorado) show the inevitable drag of diminished wealth and the painful consequences of de leveraging, and moreover the fear that the worst is far from over. Market forces, regardless of the pain are the only lasting corrective measures.

Page : 11 to 1 of 1

Request a News Analysis

Subscribe to Updates

By RSS