Based on the research, the principal impact of the economic downturn can be seen in the lack of trust homebuyers have for developers. Heightened awareness of risk, the potential for monetary loss, loopholes and corruption all speak to a weakening of homebuyer confidence. Perhaps most interesting is that this new wariness does not seem to affect homebuyer attitudes towards purchase.
People are almost 70% more likely to see value in investing right now than they are to feel less likely to buy or invest in the region ever again. A significant majority—approximately two-thirds of homebuyers—see value in the Gulf real estate market and intend to purchase in the future.
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