Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
A legal overhaul will let Mexicans who finance their homes with state-controlled Infonavit, the company founded in 1972 to give workers access to home financing, get the 30-year mortgages for the first time as soon as June. The lender, which has made about 4.4 million loans since 2001, also plans to issue mortgage-backed securities in pesos next year to match income with obligations, the first such sales since 2004.
Imdaad to manage Pearl Qatar property
Imdaad Qatar, a leading facilities management (FM) company, said it has signed a deal with United Development Company to provide professional cleaning services at its flagship island development Pear
Omani developer to launch IPO next year
Aqar Property Developers, a subsidiary of leading Omani firm Al Khonji Holding, is planning to go public with an initial public offering (IPO) next year, said a report, citing a senior official.