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Potential house buyers are still wary about making property purchases despite lower mortgage rates as the economic outlook remains uncertain, analysts said.
It's too early to tell if the downtrend in the domestic economy and financial markets has bottomed out despite the more positive news flow and the stockmarket rallies of late, economists said.
With values across all asset types having diminished significantly, it may be wise to review one's portfolio of investments and assess how they can free up cash (by liquidating some assets) to scoop up some good bargains which may provide healthier returns once recovery takes place. But this needs to be done with caution because it is hard to judge how much further asset values will drop, be it equities, properties or bonds.