03.07.2009 - Russian real estate: Rebuilding a house of cards
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