http://www.overseas-property-world.com/11/08/2009/property-investment/has-the-dubai-property-market-bottomed-and-where-do-we-go-from-here/ Blog of Liam Bailey, Well Known Commentator on Overseas Property Wed, 09 Dec 2009 09:39:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.overseas-property-world.com/11/08/2009/property-investment/has-the-dubai-property-market-bottomed-and-where-do-we-go-from-here/comment-page-1/#comment-46 Ben Bhoral Sat, 05 Sep 2009 15:18:26 +0000 http://www.overseas-property-world.com/?p=25#comment-46 With the recent imprisonment of the British property tycoons the market will continue to nose dive. The 50% fall in prices so far is the tip of the proverbial ice-berg. Lets face it, the property prices were never real in the first place and this was inherently understood by the guys pushing the concepts. Fortunately for those guys there were plenty of takers who could not read the signs and understand the concepts. I predict a few more imprisonments to come and that will cause a shudder or two which will itself self-replicate further downward price spirals. Escaping in a wet suit seems the only option for a few more of the not-so innocent guys. With the recent imprisonment of the British property tycoons the market will continue to nose dive. The 50% fall in prices so far is the tip of the proverbial ice-berg. Lets face it, the property prices were never real in the first place and this was inherently understood by the guys pushing the concepts. Fortunately for those guys there were plenty of takers who could not read the signs and understand the concepts. I predict a few more imprisonments to come and that will cause a shudder or two which will itself self-replicate further downward price spirals. Escaping in a wet suit seems the only option for a few more of the not-so innocent guys.

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