Emerging market growth predicted to fall

Many foreign property investors have turned their eyes to emerging property markets in order to get the most return on their investment. However, with increasing fears over the credit crunch, and rising food and fuel prices, some experts believe that emerging property markets may not see as much growth as was predicted at the turn of the year.

American and European consumer have been hit hard by the credit crunch with some stretched financially by significant amounts. With rising domestic bills, the amount of money being spent on overseas property is likely to fall, and this will in turn mean prices may not rise as much as was predicted.

The World Bank’s Multilateral Investment Guarantee Agency (MIGA) is estimating that money in emerging market economies with drop to around $600 billion in 2007, down from a peak of $1 trillion in 2007.

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