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UAE mortgage defaults jump 25 pct in H1

Maktoob Business 21.07.2009

Investors on negative equity to cut losses

Parag Deulgaonkar Emirates Business 247 20.07.2009
UAE mortgage defaults jump 25 pct in H1

UAE mortgage defaults shot up close to 25 percent in the first six months of the year, local daily Emirates Business reported on Monday, citing analyst estimates.

Investors on negative equity to cut losses

Investors sitting on considerable negative equity, especially those who have purchased units in the Northern Emirates during the first half of 2008, face a real danger, according to an analyst.


 




 
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