Monday, February 16, 2009

The Debts of the Lenders: Dubai Property Prices Slide 40-50% LAST MONTH

Well, I wrote about Dubai last December. Let's see how the situation is now.

Dubai Update:

Like Silicon Valley on steroids, apparently, with real estate prices now down between 40 and 50 percent over just the last month...And no, the worst has yet to come.

http://themessthatgreenspanmade.blogspot.com/
2009/02/wither-dubai.html

For the social ramifications please see my older post.

Original link:

http://debtsofanation.blogspot.com/2008/12/
debts-of-lenders-dubai-property.html
Posted by In Debt We Trust at 1:58 AM

3 comments:

Anonymous said...

There is a crash in prices to considerable amount.Recession is deeping day by day.I thin US govt action will helps to save the price crash and improve employment.

February 16, 2009 at 11:36 PM
In Debt We Trust said...

I answer your question in the above post about CMBS spreads.

February 18, 2009 at 12:12 PM
Anonymous said...

Gee it looks that in some countries the meltdown effects are really beginning to wipe of the entire construction industry.

March 18, 2009 at 5:29 AM

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