Property market correction over as prices hit bottom
The correction which has been substantial has seen property prices drop by between 30-35 percent in such high brow areas as Banana Island and Parkview, both in Ikoyi; Lekki Phase One, Victoria Island and even some upscale neighbourhoods where property and rental values had seen outrageous appreciation.
The combined impact of the capital market crash and the near-crash in world oil prices dragged prices down in the market that had recorded between 100-200 percent appreciation in six to 12 months before the last quarter of last year.
The combined impact of the capital market crash and the near-crash in world oil prices dragged prices down in the market that had recorded between 100-200 percent appreciation in six to 12 months before the last quarter of last year.
Categories
Industry News Consumer News The Housing Crisis Commercial Property Loans & Financing Taxes Insurance Legal News Agents & Brokers Developers Contractors & Builders Projects & Investment Building & Improvement Hotels & Resorts Property Management Commentary & Analysis Property Shows & Events Green Building Architecture & Design Luxury Property Home & Garden Vacation Homes United States Canada United Kingdom Europe United Arab Emirates Middle East Israel India Australia & New Zealand China Hong Kong Singapore Japan South Korea South East Asia Central & South America South Africa North Africa Video
Tags
Comments
volatile 2010 I didnt mention the word small in my comment ! click on the "source" button to see who "published" the report LAND IN RANGSIT This is very un accurate report rental property- tenants not told of foreclosure-pending sale Apply for one of these 1 Euro houses www.PropertyMarket.eu World Capital Markets
Newsletter
Get each new article from
Estates Report
Your email:



