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Mongolian Central Bank Halving Mortgage Interest Rates

The Central Bank of Mongolia will slash down mortgage interest rates almost by half to 8 percent from the existing 15 percent in order to support and substantiate growth in the middle-class sector of the country. The rates are expected to come into effect by June 17.

Carlyle Group LP Planning to Raise $4 Billion for Seventh Real Estate Fund

Carlyle Group LP, the famous American private equity firm is reportedly planning to raise $4 billion for its seventh real estate fund. The target, if achieved, would make it the firm’s largest property fund since the financial crisis.

More Dutch Offices Being Converted into Student Housing Units

Amid high vacancy rates in the commercial property market of Netherlands, the Dutch have finally found a way to fill up the empty buildings. A number of property developers are refurbishing office space to convert them into student boarding or housing facilities.