Arabesque: Real estate turmoil will be felt next year - Azi

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Arabesque, the largest distributor of construction materials on the local market, with annual turnover worth 450 million euros, expects the constructions materials market to slowdown in 2009, amid real estate turmoil.

In the first half of the year, the number of transactions concluded on the real estate market was down against the first half of last year, in the wake of the international financial crisis, and due to tougher lending terms. "Consumption of construction materials has been affected...

Read the whole story in: Ziarul Financiar