
The world wide economic downturn which began with the collapse of the mortgage market in the United States in 2008 – specifically that of two of the largest lenders in all of America, Freddy Mac and Fanny Mae – has continued to destabilize the property markets of many countries around the globe.
As a direct result, major world economies such as those in the Far East, mainland Europe, the United Kingdom and the United States are finding it increasingly difficult to restart – or even jump start – their property markets. It is to be noted that the development of national real estate markets has a significant effect on the financial standing...