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Wednesday, Sep 14, 2016
Buyers hindered by mortgage regulations
Type : Mortgage Regulations   |  Source : Gulf News Property Weekly 14/09/16

Buyers hindered by mortgage regulations

Survey reveals one in four people are being held back by current caps and 71% want more relaxed regulations

The difficulty to secure finance is the greatest deterrent to potential property buyers in Dubai. Results from the Core Savills Dubai Residential Sentiment Survey reveal one in four people are being hindered by the current regulations and 71 per cent believe these should be relaxed, even at the expense of returning

Speculative buyers CEO of Core Savills, David Godchaux says there is a major segment of tenants who are being kept away from ownership by the current regulations. There is a strong underlying demand of current tenants who are considering a move to ownership if the regulations are relaxed.

 

 

Source: Gulf News Property Weekly 20/09/2016

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Author : Gulf News - Property Weekly News PW 6
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