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| Ferrovial Announces New ’House Exchange’ Programme Ferrovial Inmobiliaria has launched a new initiative in which it will take an existing home in part-exchange for a newly-built home. The move, which is a first in the Spanish property sector, responds to emerging needs of customers that want to upgrade to a larger home or a better location. The scheme works as follows: Don Piso, Ferrovial Inmobiliaria's realty brokerage subsidiary, buys the "old" home at an appraised price that is agreed upon with the seller. The buyer does not have to make any down payment, finance is assured by Ferrovial Inmobiliaria. The buyer does not have to move out of the old home until the new home is ready. The scheme is aimed at potential customers who own an apartment in a province where Don Piso operates through a directly-operated office and who are interested in buying a home developed by Ferrovial Inmobiliaria in the Madrid region. The company may extend the scheme to other regions in the future. write your comments about the article :: © 2006 Construction News :: home page |