RenCap sees forced sales of Russian real estate (Reuters via Yahoo! Philippines News)

Written on Thursday, October 2nd, 2008 at 6:05 am by
Filed under Real Estate.

MOSCOW, Oct 2 (Reuters) - The Russian real estate sector is facing forced sales of development portfolios and small players will go bankrupt because of a lack of refinancing resources at home and abroad, Renaissance Capital said on Thursday.

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