Saturday 14 September 2013

BBC News - IMF warns Dubai after 30% increase in property prices

BBC News - IMF warns Dubai after 30% increase in property prices:

"The IMF has warned Dubai that another property bubble may form if it does not curb its rapidly growing property prices.

They rose by 30% in the first six months of the year.

Over-inflated prices crashed by more than 50% in 2009 and 2010, triggering a corporate debt crisis.

Howard Johnson reports.

"

'via Blog this'

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