10.06.2011 - HSBC eases Dubai mortgage lending on signs of improving property market
HSBC Holdings Plc (HSBA) is making it easier for homebuyers to get loans in Dubai as one of the world’s worst-performing real estate markets shows signs of improvement. HSBC Bank Middle East Ltd., the Dubai-based unit of Europe’s biggest bank, reduced interest rates on 25-year mortgages by 76 basis points to 5.49 percent, said James Pearson, the 37-year-old head of assets and liabilities. The company also lowered its down-payment requirements...............................................Full Article: Source
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