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Global Real Estate

NEW DELHI: Property market to improve by march 2016

Global rating agency Fitch today said the likely upturn in the country’s investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief to the debt-ridden developers. The agency said the property development sector (will) be a key beneficiary of reductions in housing loan interest rates by several domestic banks ...

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Housing tops election agenda for UK parties

Housing has become one of the major issues in the United Kingdom’s forthcoming general election with all the major parties making pledges to attract voters. According to Propertywire.com, the Conservative party said it will extend the Right to Buy scheme and the Liberal Democrats have announced plans to build 300,000 more homes a year and ensure everyone has a decent ...

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Tanzania: CBA partners real estate firm for housing loans

CBA Bank Tanzania has inked an agreement with Chinese real estate developers, Avic International Real Estate to provide loans at affordable interest rates for buying houses. Speaking after signing the agreement in Dar es Salaam at the weekend, the CBA Executive Director, Mr. Julius Mcharo, said the deal provided the opportunity for Tanzanians to own high quality houses built by ...

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Industrial real estate manager Prologis agrees to buy KTR Capital for $5.9 billion

prologis

Warehouse and distribution center operator Prologis Inc. says it has acquired KTR Capital Partners, which owns more than 300 industrial properties in the U.S Prologis, which owns and operates more than 2,800 properties in North America, South America, Europe and Asia, will pay $5.9 billion for KTR. The purchase price includes the assumption of $700 million in debt. Prologis uses ...

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