Well, yes…the banks are full of it but seem too afraid to use it expansively. But there is a more “sinister” pool of cash waiting in the wings…Vulture Capital! These reserves run into billions of pounds and are held by large corporations waiting for signs of a turnaround, looking to pounce on the distressed market. They anticipate further falls in property values, so remain sitting on the high wires observing. Enquiry flow into the UK is hotly on the increase though, an indication that large portions of capital flow and deal making, probably towards year end or early 2010, is aimed at the UK market.
It is ironical that a vast proportion of Vulture Capital emanates out of UAE yet that market has come to a virtual standstill with investors preferring to hold for foreign opportunities, even South Africa. This gives impetus to the view that UAE capital is well educated and geared more toward risk-to-return financial prudence rather than grandiose emotive expression of self-wealth.
It is ironical that a vast proportion of Vulture Capital emanates out of UAE yet that market has come to a virtual standstill with investors preferring to hold for foreign opportunities, even South Africa. This gives impetus to the view that UAE capital is well educated and geared more toward risk-to-return financial prudence rather than grandiose emotive expression of self-wealth.
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