The region's property markets have started seeing "green shoots of recovery" in the first quarter, according to a new report today from Jones Lang LaSalle.
Read it here:
- MENA economies are making progress on 12 of 17 key requirements for recovery, including recapitalising the banks, reducing supply of future units and "concerted government action" to address issues caused by the global financial crisis - Saudi Arabia and Qatar are considered the most lucrative property markets in the region - There will likely be further price drops for the next six to 12 months - A positive result of the downturn is that the entire region's property market will become more mature and in line with global standards
