Right Time for Property Disposal
In terms of highest payback amount, the real estate sector is the most prominent industry that gives good return to its investors. However there are certain thing and rules an investor must keep in mind and is supposed to be acquainting with. The rate of return on investment in the real estate is also the highest as compared to other investment options. These other options are less attractive not only because they have lower money return but also the fact that they are riskier investments in relation to the investment in the real estate sector.
These other options are less attractive not only because they have lower money return but also the fact that they are riskier investments in relation to the investment in the real estate sector. The risk here means and refers to the ways by which the chances of occurring loss in the investment are high. In real estate industry, the only disadvantage that can be said to have is the frequency or the period after which return is accrued. By this it is meant that it is unlike other form of investments say deposits in banks in which return is accumulated and can be withdrawn on a monthly, semiannual or annual basis.
Here the return or profit shall only be at your disposal once you transfer or sell out the property to others. Further one more draw back that has popped up in recent era, especially in the developing countries, is the confiscation or grabbing of your piece of land by others. It might so happen with the influence of mafia or other political influence but this form of risk or threat is limited to certain countries of the world and not pervasive.
Properties in Dubai are a way for investors to deposit money and then get huge returns. The real estate industry is not witnessing extraordinary growth in current scenario as it once had. This is possibly due to the fact that a slump in property prices has taken place. The reason attributed to this downfall or decline by the industry analysts is speculation. Although investment in any form is quite prone and effected and sensitive to speculation, real estate industry has taken most of the effect of such uncertain dealings.
The real estate agents are held equally responsible for the current market phenomenon. And this is rightly so. Whenever you meet an agent for the purpose of selling a property of yours, most of the brokers or agents will try to impress you by stating and boasting big claims relating to the high property prices that they would help you to fetch. For the purpose of retaining clients they give wrong statements as to the value currently running in the market. They claim so in order to retain and attract potential sellers. Sellers have only one aim and that is to get as higher the property deal as it can be.
When you intend to buy Dubai property these agents again gives wrong impression of high property market. This is why the recent downfall in Dubai properties was witnessed. The speculation which helped the investors in property to earn gigantic returns was also the cause of their awful decline. Those who sold property at the right time were only the ones with good knowledge of trends and events in the market and thus truly recognized as lucky investors.
For more information about how to dispose your property at time visit us at www.palma-re.com.
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ABOUT THE AUTHOR
Jenny Smith has been associated with the real estate industry of Dubai for the past 8 years. Being a real estate broker, Jenny Smith specializes about Properties in Dubai, especially when it’s come to Buying & Selling Dubai Property. She writes a lot articles & related updates for various online blogs and sites.