Struggling to pay mortgages

Struggling to pay mortgages. Canada Vancouver – A shocking number of first-time home buyers are having trouble making their mortgage payments. The latest survey by Canada Mortgage and Housing shows one in four are worried about them. It finds that 80 per cent of more than 4,000 home buyers polled still believe property is a …

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No recession for commercial and industrial development

No recession for commercial and industrial development. Good news for the commercial and industrial property sector. While residential and retail property take a huge knock, Stats SA revealed earlier this month that the star performer during the 2nd quarter of this year has been construction. Despite South Africa slipping into a technical recession, activity in …

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Home builder pulling back

Home builder pulling back. USA – Home building giant Lennar is reportedly looking to sell its real estate lending arm, Rialto Capital, as builders continue to face a stagnant housing market, The Wall Street Journal reports. Lennar has declined to comment publicly on the recent news reports, but in an investor call last week and …

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Office space being converted

Office space being converted. Presistently high office vacancies, particularly in city central business districts (CBDs), continue to spur conversions to residential units. The latest SA Property Owners’ Association (Sapoa) office vacancy report revealed that the national office vacancy rate declined by 0.4 percentage points to 11.1 percent in the second quarter of this year while the …

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Dubai as a property investment

Dubai as a property investment. Expats should invest in property priced below Dh1.5 million, which is the most stable segment and offers best long-term returns, according to real estate market analysts. For a family that has money to invest, we would also advise to stick below Dh1.5 million price point, which represents the most stable …

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Buying property in Mauritius

Buying property in Mauritius. South Africans are increasingly dominating the property market in Mauritius with their buying power, contributing to growth in the construction and real estate sector. This is according to Diane Watkins, executive director of Barnes International Realty in Mauritius. Whether you want to sell your residential property or buy a new real …

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