"In continuation of Global Investment House coverage of the sectors in the GCC region, we have come out with a detailed report on GCC Real Estate Sector.
Strong crude prices over the last five years have played a significant role in boosting the economic growth of GCC region. However, the focus of regional economies to diversify from reliance on hydrocarbon sector, provided a direct impetus for the growth of real estate sector. In tandem with the increasing contribution of real estate activity to the GDP, the credit distribution to this sector increased astronomically due to close linkage with increasing construction activity. The recent global credit meltdown and cautiously optimistic market sentiments towards property investments in the regional real estate market is reflected through the signs of price correction in the sector. Although the declining oil prices coupled with global financial crisis is expected to slowdown economic growth and capital investments which will directly affect the real estate sector growth, certain regional economies, still offer attractive opportunities based on enduring demand fundamentals.
In order to view the full report, kindly click on the link below:
http://www.globalinv.net/research/GCC Real Estate Sector022009.pdf
To view more reports on the Kuwaiti and other markets, please visit our website:
http://www.globalinv.net"
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