06.10.2008 - Middle East property investors ‘cautious’
From Gulf-times.com: The Middle East’s real estate market yesterday received a downbeat assessment from consultants Colliers International amid rising concern that the global credit crunch will hit one of the world’s last property hot spots. “Against the backdrop of the global credit crisis regional investor sentiment is leaning towards a more cautious approach to the market”, the company said in its fourth-quarter real estate report for the region. The report adds to fears that confidence is fading in the region’s property amid rising concerns about a global economic downturn. Morgan Stanley warned in August that property hotspot Dubai could see a 10% fall in prices by 2010..... Full Article: Source