Low Realty Prices Will Attract Foreign Investment To GCC
Emirates Business 24-7 reports: Asia continued to reign as the unchallenged leader, with six countries in the top 10 list. China's population and long-term economic development prospects, major drivers of real estate markets, put it in first place once again, followed by South Korea and India.
Since the beginning of the economic crisis more than a year ago, most real estate markets – emerging and mature – have seen plummeting prices, as much as 40 to 50 per cent in some Middle East and Asian countries. According to a report by Real Capital Analytics, volume on global real estate transactions plunged 67 per cent year-on-year in the second quarter of 2009.
Conditions in most emerging markets seem to be improving, thanks to government stimulus, infrastructure investment and a resumption of lending.
View the full article on Emirates Business 24-7: Low Realty Prices Will Attract Foreign Investment To GCC
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Posted by: Mark Alferman