I think as energy costs rise, the sheer unsustainability of Dubai's rash of building is going to be a problem. Most of it isn't built to last and it really is AirCon Central....water isn't going to get any cheaper either.
I'm a fan of Northern Cyprus too, but the title situation is still problematic on much of it.
Wherever you can get mortgages you'll see property prices going up, of course. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Most of the N Cypriot stuff was new build on virgin land where compnsation costs would be marginal compared to the value of the property.
Still no old property coming up, but the idea is that, although title is a problem, there will be a rational solution to it cos they can't allow it to cause problems down-line.
. keep to the Fen Causeway
