The five states that showed the greatest appreciation when including
distress sales in the latest report were: New York (+3.3 percent); Washington, D.C.
Dubai world to avoid distress sales as it seeks to raise cash for restructuring
Dubai Dubai World will continue to protect as many of its assets from distress sales as it raises cash from operations of the conglomerate's ports operator DP World, Jebel Ali Free Zone and Dubai Maritime City and Dry Docks World, analysts said.
The median price has been suppressed by sluggish sales of high-end homes,
distress sales at the middle of the market and brisk sales of less expensive, entry-level homes, local agents and appraisers said.
Beeyoot.com was envisioned as a first of its kind For Sale By Owner(FSBO) platform - changing the conventional way of relying only on brokersfor buying, selling or renting property in the United Arab Emirates.Utilizing new technology and feedback gathered since its launch, Beeyoot.comhas added key improvements to the design and functionality of its platform,including search filters for "
Distress Sales" and "House Swaps".
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There are bound to be some
distress sales because punters have overstretched them- selves just to get into posh motors."
While many expected a "massive clearing process", Lachman said, there have been few
distress sales by lending institutions and some are even putting money back into the assets by way of tenant improvements to attract tenants.