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This stabilization has almost single-handedly improved the CREDI Main index, and we are headed towards a more stabilized property debt financing market overall, Martin Malhotra concludes.
CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices based on publicly available data.
It is the opinions of the banks that are driving the CREDI Main index to such an obvious position of contraction.
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