India, Aug. 17 -- The US-Iran war has introduced a degree of 'short-term caution' into the Middle East real estate market, leading to a broader 'wait-and-watch' approach among buyers. Decision-making is taking longer, with purchasers becoming increasingly selective and price-conscious, Andrew Cummings, Head of Residential Agency at Savills Middle East, told Hindustan Times Real Estate.

"The recent geopolitical developments have contributed to a degree of short-term caution in the market, although we would be careful about attributing softer activity solely to regional tensions. What we are seeing is a broader wait-and-watch approach amongst buyers, with decision-making taking longer and purchasers becoming increasingly selective," he sai...