is it a good idea to buy a property here as renting is SOOO expensive? are there any risks??

sammymagic
By sammymagic

please help!

By zoolie• 19 Jan 2009 11:14
Rating: 5/5
zoolie

Already prices has fall around 25% for houses,

however rents didn't decrease, most propably with all the new buildings, it needs around 3 to 6 months to start showing the decrease in rental prices...

i wouldn't buy a property with offered prices, as am sure things will change big time during this year!

By philb• 19 Jan 2009 11:05
Rating: 3/5
philb

The risk is house prices fall and you end up owning a worthless piece of property and have a massive amount still to pay.

By wissamj• 19 Jan 2009 10:43
Rating: 4/5
wissamj

Beleive it or not ! its such an advantage...

if you rent an appartment with 2 bed rooms in a moderate level area you will be paying 7000 Qr or around...so why not add 2000 Qr and pay for an ownership...you would be gaiining an appartment after all !!!

By wissamj• 19 Jan 2009 10:43
Rating: 5/5
wissamj

Beleive it or not ! its such an advantage...

if you rent an appartment with 2 bed rooms in a moderate level area you will be paying 7000 Qr or around...so why not add 2000 Qr and pay for an ownership...you would be gaiining an appartment after all !!!

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