An important note to All property buyers

Restrictions on people buying second homes was announced, as part of new measures to cool the residential property market, included decreasing the amount of loans a person can take to buy a second property to 70 percent of the property value, down from 80 percent currently. Stamp duty wil also be imposed on homes bought and sold within three years inclusive of the holding year. Private Property prices have so far risen around 11 percent and this is the second cooling move from the government.