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What you need to know to buy a repo
Thursday, January 03, 2008 (119 reads)
In the wake of all the interest rate increases over the past year, the number of Properties in Possession (PiPs) is starting to rise and attract the attention of homebuyers in search of a good deal.
But, says Dr Piet Botha, chairman of the Nationlink estate agency group, they should exercise caution as there are several possible drawbacks to homes that have been repossessed by the banks because the owners defaulted on their home loans.
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PUT investors look at debt levels
Wednesday, January 02, 2008 (103 reads)
The latest interest rate hike has prompted potential investors to take a further closer look at debt levels among South African listed real estate companies, says Craig Ewin, head of listed real estate at Old Mutual Investment Group Property Investments.
He says the impact of interest rates on the economy and the effect on demand for space by tenants has been a focus of potential investors, mainly larger asset managers and some hedge funds.
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