“There are different factors driving the various markets; real estate tends to be to a large extent a localized market,” said Todd Schubert, head of fixed-income research at Bank of Singapore Ltd. “However, the one over-riding theme is decelerating economic growth momentum, which is continuing to be a headwind for all markets and preventing a recovery in markets, such as Dubai, which have faced multi-year downturns.”, while low rates have supported Poland’s real-estate market.
–With assistance from Aline Oyamada, Justin Villamil, Robert Brand, Konrad Krasuski, Kerim Karakaya, Jake Rudnitsky, Colleen Goko, Thomas Kutty Abraham, Harry Suhartono, Sunil Jagtiani, Netty Ismail, Karlis Salna, Viriya Singgih, Lilian Karunungan, Philip Sanders and Katrina Nicholas.
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