Banks in the United Arab Emirates are tiptoeing back into real-estate lending as the property market shows signs of stability.
REITs are likely to be a force for stability in the property market because they tend to be much bigger than traditional private-property businesses.
Unfortunately, however, we also have taken backward steps in terms of innocence, safety, order, respect, familial stability, secure property rights, etc.
The 2011 Index of Economic Freedom, which is a joint project of The Heritage Foundation and The Wall Street Journal, ranked 183 countries based on 10 measures that evaluate such things as openness to trade and investment, government size, fiscal soundness, business and labor regulation, property rights, corruption, monetary stability and financial competition and transparency.
Yin Tian of Peking University says the law will be a mark of the government's respect for private property and could help to reinforce social stability by reducing disputes.
Many home buyers have been shut out of the property market on the mainland because of government steps to cool the domestic property market for fear that surging housing prices could hurt social stability.
Look into everything from the stability of the currency to the growth potential of the property market.
He believes that the central bank's new credit guidelines, which include a limit on property lending to one-fifth of outstanding loans, would bring stability in the long run.
Capital charges are higher for commercial property than for homes but banks can still be seduced by the apparent stability of a real asset producing predictable cash flows.
In its Financial Stability Report last December, the Financial Services Authority reported that a third of commercial property loans were in "forbearance".
Well, the central bank, the Bank of Spain, has estimated - in its last Financial Stability Report - that Spanish banks are sitting on what it calls "troubled" property and construction loans of 184bn euros, equivalent to more than 17% of Spanish GDP.
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