Western housing bust or not, emerging market real estate continues to be hot property.
The global credit crunch sent property prices skidding in developed markets from United States to Spain but it appears to have done little to slow the real estate sector in emerging economies such as Brazil and Russia – still thriving on a commodities boom and increased access to mortgage-financing.
The dire combination of slowing economic growth and rising inflation may be prompting some investors to shun emerging market bonds and equities but others are positioning themselves for property values to rise further in emerging markets.
More : businessspectator.com.au
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