Description

Key themes in this issue are:
Bangladesh:
• In this issue we discuss recent news about Middle Eastern interest in investing in BD Real
estate.
• We assess potential lessons from a regulatory and finance perspective from developments
in real estate financing in both India and Pakistan.
• It is also typically the case, as we highlight below in the case of India and Pakistan, that
foreign developers will rarely enter a new and unknown foreign market without a local
partner with the necessary localized knowledge of regulations, market dynamics and
pricing.
• Clearly the country needs to form a set of regulations that attracts high quality real estate
investment that will develop infrastructure and steer away from “hot money” that is
speculative in nature and risks exaggerating property cycles.
• Bangladesh needs to develop greater systematic research on both real estate prices and
the drivers of the property values. But there is every reason to remain optimistic that the
country can attract both overseas financing and redirect local savings.
Global markets:
• A strong week for US stocks with the Dow posting a 3.6% gain. The move was the Dow's
second 300-point move this week and the sixth move of at least 200 points in the last ten
trading days. The primary driver was the collapse in oil prices in particular and the broader
commodity complex in general, offsetting further signs of bad news on the credit crunch.
Special Focus on the Textiles sector