Standard & Poor's Ratings Services takes a closer look at the current landscape in property markets in the Arabic-speaking countries of the Middle East and North Africa (MENA) in a report published today titled "Social Unrest Rattles Middle East And North Africa Real Estate Markets."
"Popular unrest and political upheaval in the Arabic-speaking Middle East and North Africa countries is putting a damper on regional property markets," said Standard & Poor's credit analyst Tommy Trask, "and many real estate projects--planned or in progress--in areas directly affected are subject to delays and cancellations."
Hardest hit are the leisure and high-end residential segments. In addition, some real estate companies are obligated to address damages to buildings, resulting from looting and violent demonstrations.
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