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Tuesday, February 17, 2009

Jobs threat to dictate house price fall - top agent


Job cuts will dictate how much house prices will fall over the next few months, a top Dubai real estate agent has said. 

Speaking on the sidelines of the Dubai International Property Show, Vince Easton, sales director at property consultant Sherwoods said the city’s uncertain job market would have a "big impact" on prices in the next three months, predicting a new wave of layoffs in March.

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