02.06.2009 - Dubai property market on recovery path
From Menafn.com: A report released by HSBC titled 'Property Ladder' said that property prices in Dubai are at their lowest levels with signs of recovery returning to the market, new research said yesterday. The report said that distressed stock is gradually clearing, with further signs of consolidation as volumes continue to pick up. Furthermore, mortgage providers have moved to ease their requirements recently, raising loan-to-value (LTV) and relaxing credit norms, which HSBC views as a further sign of some normalcy returning to the market.........Full Article: Source
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