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More than two-thirds of home sales in Manhattan last quarter were cash purchases, a record, as high rates on mortgages deter all but the richest buyers.
As mortgage rates hover around 6 per cent, nearly 70 per cent of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage, according to Pamela Liebman, the chief executive of real estate brokerage Corcoran. Cash purchases jumped from just 55 per cent of transactions in the same period in…
As the world gradually emerges from the pandemic’s shadow, certain global real estate markets have not only rebounded but have shown remarkable growth, offering profitable opportunities for investors and second homeowners alike. A recent survey by Global Property Advisor highlights four standout markets that have delivered impressive capital gains and income over the past three years, with a special focus on ocean-view properties. These markets include the vibrant Puerto Vallarta, the serene Providenciales, the historic Mazatlan, and a surprise Mediterranean gem offering unparalleled value.
Puerto Vallarta: Branded City with a Strong Dollar Advantage
Puerto Vallarta, known for its enticing blend…