Tuesday, July 5, 2011

Bumpy Ride in Residential Sector

"PROPERTY developers with an exposure to the residential sector are in for a bumpy ride in coming months, with Morgan Stanley analysts predicting a drop in home values of between 5 and 10 per cent.

Stockland and Mirvac have the biggest exposure to the home market but their earnings will be protected from big falls by the strong office market."


No comments: