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Real Estate Briefing - Categorized | Finance, Market Moves, Middle East and Africa more

Mortgage lenders await upturn in the Gulf

Posted on 30 July 2009

From Thepeninsulaqatar.com: The Gulf has largely avoided the writedowns of repackaged subprime mortgages that unleashed such havoc on global financial markets last year.
But instead, the nascent local mortgage industry has been hit by a slump in domestic property. Across the region residential property values and rental costs have declined, some even more deeply than in the US………Full Article: Source


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