| From Business24-7.ae: Property prices in Dubai are bottoming out with initial signs of confidence returning to the market, new research said yesterday.
"Distressed stock is gradually clearing, with further signs of consolidation as volumes continue to pick up. Also, more recently, mortgage providers have moved to ease their requirements, raising loan-to-value (LTV) and relaxing credit norms, which we view as a further sign of some normalcy returning to the market," HSBC said in its "Property Ladder" report.......Full Article: Source
|