Middle East sovereign wealth funds (SWFs) cut their new investments in real estate in the rest of the world by almost a third last year because of the plunge of oil prices, consultants CBRE estimated.
Outbound property investment by the SWFs, the vast majority of which are from the wealthy Gulf Arab oil exporters, dropped 31 percent to $5.84 billion in 2014 from $8.45 billion in 2013, CBRE wrote in a report on Tuesday.
http://www.arabianbusiness.com/gulf-funds-cut-overseas-property-purchases-by-31-in-2014-589066.html?ref=nnm
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