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Colliers: Belarusian ruble is not suitable for real estate market

2015-01-21 15:25:18| Real Estate - Topix.net

Transfer of commercial real estate from dollars into Belarusian rubles due to the unpredictability of the exchange course of the latter one will result a building up of only paved areas for parking, markets and kiosks instead of expensive hotels and business centers in Belarus. "Utilization rates in Belarusian rubles significantly complicates, if not stultify financial modeling in relation to real estate projects.

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