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January 08, 2007

Emerging Market Real Estate Madness

It is hard to credit that the concept of buying illiquid real estate assets on the AIM market in London is a good idea, but per this FT arty India properties are indeed selling.

I have to suspect that no small portion of the money passing through London into these India RE assets is in fact Gulf money. Gulf is utterly bonkers for RE, and given the exposure to India, in some queer way makes sense.

Posted by The Lounsbury at January 8, 2007 12:22 AM
Filed Under: Business

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Posted by: name at January 7, 2007 11:45 PM

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