Persian Gulf Property Outlook Negative on Supply, Moody’s Says

Posted by property | Posted in Real Estate | Posted on 24-05-2010-05-2008

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Persian Gulf Property Outlook Negative on Supply, Moody’s Says
May 24 (Bloomberg) — The Persian Gulf real-estate market’s outlook is negative because of an excess supply of properties, as well as debt and funding problems that may require asset sales or loan renegotiations, Moody’s Investors Service said.
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