Global Real Estate Market As It Stands Now

Maslow’s Hierarchy Theory states that shelter is one of the primary needs of human beings, which perhaps motivated us to think beyond a mere roof over or heads, but also to develop the same into a stylish prized possession of the owner, giving rise to the concept of Real Estate. The current real estate market is facing a major setback due to the medium range houses which were constructed in high numbers but did not find takers. While, low and high range developments have always interested the buyers. Even though the ongoing economic recession around the globe has majorly worsened the situation for most industries many experts still believe that investments in the same area would be highly profitable. In the long run, the buzz is that investors could even go on to earn a whooping profit of more than 20% if they invest in the current real estate market.

Dubai, still today is the most attractive investment destination for major real estate honchos, not just the most fruitful location in the Middle East, but also around the globe. This is primarily because Europe and the US have faced the major setback due to the global meltdown, while most of the Middle East countries went unharmed. Non residents who had vacated the market are returning with faint hopes yet again. The Americans, the British and the Irish accounted for about 60% of the market till 2008, which has decreased to around 39% in the first six months of 2009. Hence, a lot of focus has also shifted on Asia, and India in particular which has the potential of the becoming the next big investment hub in the property sector.