Despite last year's pandemic riddled situations throughout, residential real estate maintained an upward trend in terms of everything from price to development, than its commercial counterpart which v…

Pre-qualification and pre-approval are real estate financing terms that are synonymous with the loan process, and each varyingly punctuate the level of commitment a lender has with a customer/buyer.Un…

There's quite a number of moving parts to go by, when buying and holding a property. This typically leads to the question, "where do you even begin?"If you're a newbie property investor and you're won…

Have you ever wondered if it was possible to invest in real estate with no money? Or, do you know how to become a property investor with little to no money at all?Generally, the first thing that comes…

A home loan is an agreement by which a borrower can use a property as collateral in securing a mortgage. By and large, this term commonly refers to home loans. What entails this process is, as a borro…

Welcome back to Part 2 of this two-part article on real estate investing terms and formulas. As promised, here we’ll take a look at:Additional BenefitsExpensesTerms and DefinitionsSo, without further …

Are you thinking about paying off your mortgage early? What’s your target period? Monthly mortgage payments can be a huge burden on your budget. Fortunately, there are ideas to help you work around th…

Once you decide to invest in real estate, it's crucial that you gain an in-depth understanding of some of the investment terms and formulas used explicitly, in real estate.These will come in handy whe…

When it comes to real estate investing strategies, it’s quite an ordeal to determine which ones you can use, and which ones will make a statement. There are, however, a variety of investment strategie…

Most people find that their journey towards homeownership is often overwhelming and stressful. It’s the biggest financial decision they will ever make, as first home buyers. With more and more homes c…

So you have identified what property you want to purchase or you have plans for your existing property to make it more livable and/or profitable and you are itching to get your project going but you a…

Esther and Thomas were excited, this was the day that they had been saving up for years! Their three children were laughing loudly, overjoyed at the thought of having their own rooms at last! Yesterda…

Image from: etsarchitects.com.au The Department of Lands and Physical Planning has gone digital in its bid to secure Papua New Guinea’s land tenure records. Minister for Lands and Physical Planning Ju…

When you buy a home, you naturally will want it to last. Given how much a home in PNG can cost you (47,521.33 K per square metre, according to Numbeo), purchasing an apartment in Port Moresby is a siz…

If I was considering buying a house with a Home Loan, what should I do?  There is always a first time for everything. Buying a house for the first time can be challenging, as the process will be new a…

One of the most positive aspects of the Papua New Guinea economy is the growth of the real estate sector. With the recent emergence of real estate as a valuable asset for locals,  many citizens are lo…

Port Moresby, 31st May, 2017 | Bank South Pacific (BSP) has reduced its standard Housing Loan Rates by 1% from 8.45% pa to 7.45% pa. The interest rate for the Housing Loan products will be effective f…

Real estate has been one of the main focuses of the Papua New Guinean government, both to offset homelessness brought about by poverty and to improve the economic growth. Many projects have been done …

Recently fire damage has caused huge losses for property owners. Houses have been lost, businesses have ceased operating and motor vehicles destroyed. The health of those effected has suffered and of …

Maggie Kupp Kuli, 39, from the Western Highlands Province has been a BSP customer since 1999, when she was still a student. She moved into her house recently and the experience was truly rewarding. “I…