23.07.2009 - Phillipines: No real-estate bubble this time
From Businessmirror.com.ph: The Bangko Sentral ng Pilipinas (BSP) allayed fears the real-estate market has been infected by speculation and said real-estate prices continue to be at a level consistent with the market. On Tuesday, BSP Assistant Governor Maria Cyd Tuano-Amador said, “There are no indications of speculative activity in the real-estate sector as a result of low interest rates on properties.”........Full Article: Source