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A Shanghai residential estate |
Emerging market real estate is sometimes seen as the playground of speculative capital: the soar and plunge of apartments in Shanghai, São Paulo or Dubai, a regulatory arbitrage here and a fleeting new opportunity there. But what about the investors who are in it for the really long term – the professionals who can ride out the peaks and troughs and look for what the asset class can represent if approached properly?
There are plenty of them.
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