Does past UK experience help us with the Dubai property crash?
Are there any lessons we can learn from previous UK housing crashes that are relevant to understanding the Dubai house price crash of the past year? This website received considerable feedback from a previous article comparing the Dubai real estate outlook with Hong Kong post-1997 crash. Such historical parallels are interesting and useful. But there is never entirely a re-run of a previous scenario. However, as Mark Twain noted history might not repeat itself but it does rhyme. The jury is still out on UK house prices since the market started to fall in late summer 2007. There has been a rebound in prices over the past few months that some herald as a recovery, and others think a blink on the way down.
