Hong Kong: Prices in Dubai fell 2.8 per cent in the second quarter, according to Business Week. Hong Kong was the best performing residential market, with prices up by 20.7 per cent. The decline in the twelve months through June was the biggest in 56 mainstream residential markets and larger than the 12 per cent fall in real estate prices in Ukraine, which has been hit by almost two years of protests, a separatist insurgency, and political upheaval, Knight Frank said on 1 September in a report. Over the past decade, Dubai property market has swung from boom to bust and back again. Then, prices started falling again this year amid oil slump and weaker currencies in Russia and Europe. Price gains in the two years through 2014 recouped much of the losses incurred in a 2008 collapse that pushed the city to the brink of bankruptcy.
(news.financializer.com). As
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