Nick Witty, managing director of Chestertons Mena, said downward price corrections
are expected to continue throughout the rest of this year as over 11,000 units are scheduled to be delivered, which is creating a highly competitive market in favour of both tenants and home-buyers, to the detriment of property prices and rents.
Nick Witty, managing director, Chestertons Mena, said: "Downward price corrections
in this quarter are expected to continue throughout the rest of this year as over 11,000 units are scheduled to be delivered, which is creating a highly competitive market in favour of both tenants and home-buyers, to the detriment of property prices and rents.
According to the Dubai-based real estate group's Q3 Dubai Residential Market Report , the downward price corrections
Chestertons witnessed in Q1 and Q2 2018 have continued into the third quarter, "albeit at an increased pace".
Since they are subject to potentially huge price corrections
, most cryptocurrencies are practically a poor store of value and means of exchange.
"Investors need to be wary of surges that fly over and above any development norm, as spots that will very often suffer subsequent price corrections
, or, at the very least, subdued and even depressed pricing for some years to follow, as is the case of Ridgeways in Kiambu," Hassanali said.
A comparison of March 2018 CPI with that of March 2017 index shows upward price corrections
in seven groups " transport by 6.6 percent, health by 5.3 percent, food and beverages by 4 percent, clothing and footwear by 2.6 percent, furniture and household equipment by 1.1 percent and miscellaneous goods and services and education by 0.9 percent each.
He noted that price corrections
are healthy, as long as they do not become too deep.
These rooms are expected to play a role in price corrections
Heightened inflation, property price corrections
and possible interest-rate hikes could exert pressure on the quality of RAM's much-discussed household loans.
But the oil marketing companies (OMCs) have authorised to make price corrections
from time to time."
The Galaxy S III has also seen some price corrections
in certain markets globally, and that will also help with the sales.