Tuesday 28 June 2011

UAE: rates cut, housing rebound to follow? | beyondbrics – FT.com

The UAE’s increasingly liquid banks are cutting mortgage rates as they look to claw their way back to growth.


The country’s housing markets, especially in Dubai, have been taking a beating for a few years, with prices falling dramatically as supply outpaced demand. Could the easier availability of mortgage finance boost those anemic housing markets?


Don’t get too excited, analysts say.



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