Political turbulence in the Middle East is having disasterous consequences for Bangladesh, a country well outside the region.
The Bangladesh housing market is reeling from the effects of hundreds of thousands of its citizens based in the Middle East being unable to send back remittances, because they are losing their jobs. Remittances are an important source of capital for the Bangladesh housing market.
Adding to the chaos is the Bangladesh government's decision not to allow gas and electricity connections to new buildings, to save energy for agriculture to avoid food shortages. This means new homes cannot be handed over to buyers estate agents say.
http://globalpropertynews.blogspot.com
All The World's a Home
The Bangladesh housing market is reeling from the effects of hundreds of thousands of its citizens based in the Middle East being unable to send back remittances, because they are losing their jobs. Remittances are an important source of capital for the Bangladesh housing market.
Adding to the chaos is the Bangladesh government's decision not to allow gas and electricity connections to new buildings, to save energy for agriculture to avoid food shortages. This means new homes cannot be handed over to buyers estate agents say.
http://globalpropertynews.blogspot.com
All The World's a Home
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