For hundreds of thousands of people in Trinidad and Tobago, the vehicle they drive, the home they live in, their children’s educational opportunities, and even the very clothes on their backs would not have been possible without the support of a credit union.

The T&T real estate industry has seen an uptick in activity, mostly in residential properties between $1.5 million and $3 million. This was confirmed by Mark Edghill, the immediate past president of the Association of Real Estate Agents (AREA), during an interview with the Sunday Business Guardian last week.

Edghill, who has served as AREA president for the past eight years, said the increase in activity is due to attractive interest rates and job security in the middle-income bracket as well as the flexibility of property prices.