{"id":25307,"date":"2016-09-07T15:42:17","date_gmt":"2016-09-07T08:42:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=25307"},"modified":"2016-09-07T13:55:38","modified_gmt":"2016-09-07T06:55:38","slug":"dubai-residents-call-for-relaxation-of-mortgage-rules","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-residents-call-for-relaxation-of-mortgage-rules\/","title":{"rendered":"Dubai residents call for relaxation of mortgage rules"},"content":{"rendered":"


\nMore than seven in ten people surveyed by broker Core Savills in Dubai believe mortgage caps should be relaxed.Difficulty securing finance is the greatest deterrent to potential property buyers in Dubai the survey found – with one in four saying they are being hindered by the current rules.”There is a major segment of tenants who are being kept away from ownership by the current regulations,” said Core Savills chief executive David Godchaux. “The issues of affordability and mortgage regulations continue to weigh down upon the buying intent of the mainstream tenants who would welcome relaxation of the current mortgage regulations.”The Central Bank introduced a mortgage cap in late 2013 which restricted the loan-to-value ratio for mortgages at 75 per cent for expatriates and 80 per cent for Emiratis for properties below Dh5 million.The survey covered more than 800 tenants in the emirate.Half of the people interviewed expect the Dubai residential property market to recover over the next year.Dubai Marina was the most favoured residential district while Downtown was in second place.”As usual, in the context of softening prices we witnessed over the past two years, the flight to quality towards core locations has translated in a positive market sentiment for the prime apartment locations of Downtown, Dubai Marina and the Palm Jumeirah and the villa districts of Emirates Hills and Emirates Living,” added Mr Godchaux. “On the flipside, areas such as Dubailand and Dubai South were perceived less likely to appreciate by participants.”business@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dubai residents call for relaxation of mortgage rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than seven in ten people surveyed by broker Core Savills in Dubai believe mortgage...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25307","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Ab","jetpack-related-posts":[{"id":30341,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-dubai-continue-to-fall\/","url_meta":{"origin":25307,"position":0},"title":"Office rents in Dubai continue to fall","date":"October 17, 2016","format":false,"excerpt":"\r Office rents in Dubai continued to come under pressure in the third quarter of the year as companies retrenched staff and considered future strategy.According to the latest Dubai Office Report from Core Savills, average office rents in nearly half (six) of the submarkets the broker analyses fell during the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-rents-to-fall-in-2017-as-new-homes-come-to-market\/","url_meta":{"origin":25307,"position":1},"title":"Dubai rents to fall in 2017 as new homes come to market","date":"December 19, 2016","format":false,"excerpt":"\r Thousands of new homes mushrooming up in Dubai's new suburbs and a continued economic slowdown will keep rents falling in 2017, brokers predict.According to property broker Core Savills, housing rents in Dubai's suburbs could fall by up to 4 per cent next year after dipping by up to 5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7754,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-prime-dubai-sites-costly-but-rates-fall-elsewhere\/","url_meta":{"origin":25307,"position":2},"title":"Office rents in prime Dubai sites costly but rates fall elsewhere","date":"March 13, 2016","format":false,"excerpt":"\r \r Property developers in Dubai will complete another 450,000 square metres of office towers this year, putting more pressure on rents and potentially giving relief to businesses affected by tougher economic conditions.The glut of new stock equates to 7 per cent of the city's total 6.61 million sq metres\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-set-to-gain-as-prime-london-home-values-slide\/","url_meta":{"origin":25307,"position":3},"title":"Dubai set to gain as prime London home values slide","date":"September 21, 2016","format":false,"excerpt":"\r Post-UK referendum uncertainty has compounded the impact of successive tax rises on values in London's prime housing market and will delay the sector's return to growth while boosting the Dubai market, according to a report by the international property adviser Savills.The report says there have been signs of regional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-dubai-affordable-property-schemes-out-of-reach-for-lower-income-households\/","url_meta":{"origin":25307,"position":4},"title":"Most Dubai affordable property schemes 'out of reach for lower income households'","date":"March 29, 2016","format":false,"excerpt":"\r \r Few of the homes being built by the private sector in Dubai branded as affordable are actually within reach of lower-income families, according to a new study.The research paper from Core, the UAE associate of Savills, argues that Dubai Municipality defines affordable housing as living space for households\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-supply-to-lower-dubai-suburban-rents-in-2017\/","url_meta":{"origin":25307,"position":5},"title":"New supply to lower Dubai suburban rents in 2017","date":"December 19, 2016","format":false,"excerpt":"\r Dubai rents are set to decline further next year with more than 20,000 new homes entering the market, brokers say. After having fallen by up to 5 per cent this year in parts of Dubai, rents should drop by another 4 per cent in the suburbs next year amid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25307"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=25307"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25307\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}