21.08.09
ARENDATOR.RU, one of the top information resources on commercial real estate in Russia have asked leaders of the industry about the second wave of crisis in Russia. Will the bank loan arrears, that have already reached 15-20% mark today, be the reason for economy slow down and become a result of real estate market collapse? What shall we expect during the next six months?
Darrell Stanaford, Managing director of CB Richard Ellis in Russia and Ukraine said: "We do not expect a 2nd wave of crisis in the general economy. We do expect more real estate assets to become distressed during the next six months as bank loans become due for payment and leases are renewed at lower rates, reducing the income generated for paying off loans."
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