Sunday, 7 November 2010

Dubai House Prices Fall 6% in Third Quarter on Lower Loans, Colliers Says - Bloomberg

Dubai house prices declined 6 percent in the third quarter from the previous one as banks continued to restrict lending and because of summer seasonal slowdown, Colliers International said.

The Colliers house price index for Dubai reached the lowest level since the second quarter of 2009, it said in an e-mailed statement today.

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