Despite concerns surrounding debt, oversupply and regulation, investors in the Middle East remain upbeat about the coming year, the results of a new poll by Reuters have shown.
According to the survey of 55 leading investment houses, equity holdings among investors stood at a ten-month high in December. Historically, markets in the region have performed well when risk appetite among investors improves globally, the news provider added.
In terms of property in the region, many analysts are predicting that the market will hit a bottom this year, following falls of as much as 50 per cent in some prominent regions.
"We have been talking about the same issues for three years now. The pace of deterioration we have seen in the past will be more subdued and markets will start to look beyond all issues," said Al Said, of portfolio manager ING.
Meanwhile, it was recently announced by DAMAC Properties that growth in property within the MENA region is forecast to outpace the global average in 2011.
- Friday 14 January 2011