30.07.2009 - Mortgage lenders await upturn in the Gulf
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