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UAE mortgage market stabilising
- United Arab Emirates: Saturday, April 11 - 2009 at 20:11
The mortgage market in the UAE is beginning to stabilise, with loan-to-value ratios now between 70% and 85%. According to an Emirates Business 24/7 report, these ratios deter speculators who want to get into the market with just a small deposit. "The downward correction in LTVs in the UAE market will ensure that it is serious buyers and end-users who are the actual purchasers of property," Niranjan Mendonca, Head of Retail Assets at Mashreq told the paper.
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StaffSaturday, April 11 - 2009 at 20:11 UAE local time (GMT+4)
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