Actual Property Assets
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If home shopping for is irritating in most major cities, residents of Moscow, a city of leafy historic neighborhoods and expanses of concrete residence blocks on the outskirts, grapple with a dizzying range of potential missteps. Authorized uncertainties abound. Russians who might wish to move for job opportunities hesitate due to the difficulties in shopping for and promoting homes. Banks wrestle to estimate the chance in a market with weak property rights. The Worldwide Monetary Fund, for instance, has cited improper risk evaluation of mortgages as a threat to the banking system.
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