| The real estate market in 2012 did not recover as expected by investors, while it bogged down further in the crisis. High inventories and weak liquidity have been hindering the recovery of the market. Since late 2011, apartment and land prices have been decreasing continuously. Especially, high end apartment prices have dropped dramatically by 50 percent.
Real estate developers now think of pouring money into medium class projects and the housing projects for the poor, believing that this is the only way out for them. However, it’s still too early to say that the solution would rescue them.......................................Full Article: Source
|