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Russian real estate: Rebuilding a house of cards

Posted on 03 July 2009

From Euromoney.com: In 2008, Russia’s property developers were hit by a brutal mix of fast-shrinking funding options and falling customer demand, sending equity valuations into a tailspin.
While the Global Property Research emerging markets real estate index registered a 40% fall in the year to the end of March, Russia was the worst performer of any large economy, falling by 95%……….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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