Realty Check

The Real Estate Board (REB) is getting tough on persons who break the law with the arrest of four last month and the removal of 18 names from the register of real-estate dealers and real-estate salesmen.

Sandra Watson, REB general manager, told Sunday Business that the board has been in enforcement mode since April, when an [...]

Published: Sunday | August 23, 2009
Apartment owners and other shared-space dwellers will be saddled with bigger monthly bills if the draft legislation as it is now crafted were to be passed by lawmakers, the Trafalgar Council is charging.
The council, which represents the interests of residents in Seymour Lands, New Kingston, Trafalgar Park and adjoining areas [...]

Real estate mogul Gordon Tewani has purchased the Fairview Shopping Centre in Montego Bay from the Cable & Wireless Jamaica (C&WJ) Pension Fund for over $600 million, according to the fund’s chairman Derek Jones.
“The financial details will emerge in due course, but the market value of the property was $600 million. The transfer price has [...]

Wednesday, August 12, 2009
LONDON, England

Britain’s housing market is slowly stabilising, though activity is still low compared to previous years due to the recession, industry bodies said yesterday.
The Council of Mortgage Lenders said gross mortgage lending in the United Kingdom rose by 23 per cent in June compared to the previous month but still lagged at [...]