Your Prognosis!

[Jockvdv]

So you're the in-country experts

We're due to land on 01-April (is this ominous) Will we find rental prices still sliding (we hope) - but what about the car lease market. Urban rumour in Joburg is that people are just parking their cars at the airport and leaving Dubai (?)

What do you reckon it will look like in 10 weeks?

Any and all comments appreciated

Jock

[Andy Capp]

Where's mystic meg when you need her eh?

[mayotom]

Originally Posted by Jockvdv

What do you reckon it will look like in 10 weeks?

Any and all comments appreciated

Jock

Will probably look worse, I have yet to see any indicators of a turn around and the government seem to be oblivious to it. they just publish reports to say everything in rosy. think they work with the philosophy that "if we ignore something it will go away" or " Ostrich head in the sand attitude"

If anybody disagrees, please show us some sign of a turnaround

mayotom

[Elphaba]

Mystic Elphaba here!

Rental costs are expected to fall, but why how much is anyone's guess.

Yes cars have been dumped at the airport, but you can't just help yourself! I expect it will be possile to pick up nearly new cars at good prices before too long, as people will be forced to sell to pay off big loans.


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[Iron Horse]

Things will be dropping for you, so do not be sold on a hurry up and take this place or vehicle. You can pick and choose.

[bigdave]

elpha, do you have any news articles on the dropping of cars at the airport? I would be intrested in reading about it because I havnet heard this. thanks

[xdude]

by the time you arrive, there will be cars parked on the runway as well..

on a serious note, the rents will be down by another 10%.. ensure that you do not have an immidiate requirement for the loan... car or house rent payment..as banlks ain't ready to lend to new expats..

[sgilli3]

Originally Posted by bigdave

elpha, do you have any news articles on the dropping of cars at the airport? I would be intrested in reading about it because I havnet heard this. thanks

This is a start for you...Im no Elphaba...but still- hope this helps

Park and fly takes on a new meaning - The National Newspaper

[dizzyizzy]

i would not be surprised if instead of reselling the abandoned cars to new owners, the leasing companies open a dumpster for them and just leave them there, instead of selling them to new owners at cheaper prices, and consequently reducing the demand for new cars and loans for new cars... they have very controlling ways here

[bigdave]

all these idiots leaving a debt for the uae gov to clean up makes it harder on people like my family to get loans. hsbc is driving us crazy with all these demands and its pissing me off.