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Sri Lanka Equity Forum » Stock Market Talk » PROPERTY BUBBLE IS IMMINENT !

PROPERTY BUBBLE IS IMMINENT !

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1 PROPERTY BUBBLE IS IMMINENT ! on Sun Aug 13, 2017 10:21 pm

anges


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
PROPERTY BUBBLE IS IMMINENT SPECIALLY IN THE WESTERN PROVINCE ACCORDING TO THE BANK VALUERS ! THEY SAY LANDS HAVE BEEN SOLD AT 200%-600% MORE THAN THE MARKET VALUE ! I AM SURPRISE PEOPLE DO BUY AT THAT RATES ! CRAZY AS IT SOUNDS BUT IT SEEMS TO BE HAPPENING ! STAY SAFE GUYS ..........!!!!!!!!!

2 Re: PROPERTY BUBBLE IS IMMINENT ! on Mon Aug 14, 2017 12:39 am

Teller

avatar
Moderator
Agreed.

3 Re: PROPERTY BUBBLE IS IMMINENT ! on Mon Aug 14, 2017 9:30 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@anges wrote:PROPERTY BUBBLE IS IMMINENT SPECIALLY IN THE WESTERN PROVINCE ACCORDING TO THE BANK VALUERS ! THEY SAY LANDS HAVE BEEN SOLD AT 200%-600% MORE THAN THE MARKET VALUE ! I AM SURPRISE PEOPLE DO BUY AT THAT RATES ! CRAZY AS IT SOUNDS BUT IT SEEMS TO BE HAPPENING ! STAY SAFE GUYS ..........!!!!!!!!!
Most of the transactions were by Property developers. As at now the Agents/Brokers are trying to keep prices at that level but transactions are not taking place. Even rental demand for high end apartments have slumped.

CENTRAL BANK HAS WRITTEN TO IMF EXPRESSING CONCERNS OVER ASSET BUBBLE POSSIBILITY & TO LIMIT CREDIT FLOW TO REAL ESTATE SECTOR.
https://www.pressreader.com/sri-lanka/daily-mirror-sri-lanka/20170814/282037622267350

(Mirror Business of today)

4 Re: PROPERTY BUBBLE IS IMMINENT ! on Tue Aug 15, 2017 10:05 am

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Bubble burst is a good thing because everyone is thinking of moving from colombo to Hambantota

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