Wednesday, October 1, 2008

Even the KGB can’t fix the crash!

Moscow Builders Halt Projects as Credit Crunch Bites

Moscow's decade-long building boom is falling victim to the global credit crunch as record high interest rates squeeze developers in the world's third most expensive property market. ``Loan rates have climbed to ridiculous heights and the terms are very short,''

Posted by alan @ 02:13 PM (404 views)
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