The credit crisis will get worse before it gets better, according to John Plender, CEO of UK property company Quintain. 'A fair amount of trouble is on the way,' he said, pointing to the mortgage and derivatives markets. 'There have been phenomenal injections of liquidity by the European Central Bank, the FED and the Bank of England but the cost of lending is still very high.'
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
