I know there are hundred year old buildings in Europe, and even thousand year old buildings and monuments in other parts of the world. Sorry for the confusion, but I was actually referring to these residential buildings wherein the structural degradation that takes place as time goes by necessitates that they be demolished after a certain number of years. Harsh wordly elements such as fire, earthquake and the likes can significantly affect a building's structural safety, thereby reducing its life expectancy.
We buy properties for several reasons. For one, we buy a house so that we will have something to live in comfortably and something that we can call our own. We also buy property because we expect to have a high return of investment from our hard earned dirhams and fils, and in the case here of EY's rent to buy scheme, this is what exactly what the pilots were expecting. As expatriates we want to keep our expenses to the minimum, and buying a property which you can sell later on when you leave the country sounded like a good investment. But if for some reason you know that the property you are investing in will go down in rubbles after you have completed the payment, then where is the rationale in that?
Your answer please.
Mr. Frodo