real estate news 2018 Archives

The UK Property Market is Now in Better Health Than Four Years Ago

29/04/202321/04/2025dansa

There are various ways we can use to track how the UK property market is performing.

One of the most common ones is house prices and how they are rising or falling. Rising prices mean that the market is performing well, while falling prices are usually a cause for concern.

The Land Registry’s UK House Price Index reports that prices rose by 6.3% annually from January 2023, the latest data available. This shows that the market is still going strong as prices are higher than in 2022.

A second way we can determine the health of the housing market is through the number of sales being agreed upon and completed.

Right now, sales are 11% higher than in 2019 according to Zoopla, which means more houses are being sold than four years ago. This is a good sign that there is a high demand for housing, which is good for the overall housing market.

Another way in which we can see how the housing market is performing is the number of properties for sale on the market.

Zoopla’s data indicates that 65% more homes are available on the market than in 2022, while estate agents have an average of 25

‘People need to be together’

24/04/202321/04/2025dansa

Remote work is “a bunch of bullshit,” according to Sam Zell, the outspoken real estate magnate known for his colorful language.

More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here’s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home

“One of the biggest lies in the world is that people working from home are more productive than people working in the office,” the billionaire founder and chairman of Equity Group Investments told a New York University luncheon on Wednesday. “You have much less productivity if you’re working from home in your pajamas with three little kids running around than if you’re in an office.”

The commercial real estate legend received applause for his comments this week, but then, he was speaking to a friendly audience. NYU’s Schack Institute of Real Estate hosted the luncheon as part of its annual REIT Symposium, with real estate execs and many grad students hoping to reach Zell’s level of success in attendance. GlobeSt.com, a trade outlet, covered

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Shares Up 2.7%

12/04/2023dansa

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) shares shot up 2.7% during mid-day trading on Tuesday . The company traded as high as $2.49 and last traded at $2.49. 300 shares changed hands during trading, a decline of 96% from the average session volume of 8,215 shares. The stock previously closed at $2.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TUERF. National Bank Financial lowered their price objective on True North Commercial Real Estate Investment Trust to C$4.50 in a research report on Thursday, March 16th. Raymond James dropped their target price on True North Commercial Real Estate Investment Trust from C$5.50 to C$4.00 in a report on Thursday, March 16th.

True North Commercial Real Estate Investment Trust Trading Up 2.7 %

The stock has a fifty day moving average of $3.72 and a 200 day moving average of $4.16.

True North Commercial Real Estate Investment Trust Company Profile

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True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. It seeks to identify potential acquisitions using investment criteria that focus on the security

What Does the Spring 2023 Budget Mean for Property Investment?

07/04/2023dansa

Chancellor Hunt also revealed the government would deliver 12 “investment zones” across the UK – with the intention of creating new “potential Canary Wharfs.”

Regions like the West Midlands, Greater Manchester, and Liverpool were highlighted as potential candidates. The Chancellor stated that successful applicants must be able to identify a specific location where a partnership between local government and local universities/research institutes could provide valuable innovation.

Successful candidates will receive £80m in funding each over the next 5 years, further encouraging investment in these critical areas and strengthening their local economies. If all goes well, this could encourage many investors and homeowners to go beyond London property investment for their next purchase.

Additionally, the Chancellor promised to put further investment towards UK regeneration schemes.

From this year, the government will provide over £200m in funding to 16 high-quality local regeneration projects across the UK.

The report added the “left-behind places” cited in the government’s Leveling Up campaign and projects with costs under £10m would be specifically targeted to ensure a fast turnaround.

Again, this is excellent news for the property market.

Regeneration is a magnet for future growth and demand: resulting in amenities that improve the local area, which attracts

Liverpool Has Been Voted One of The UK’s Top Student Cities

16/03/2023dansa

Considering Liverpool is one of the biggest cities in the UK, prices for both rent and property are very affordable.

The average house price in Liverpool as of December 2022 was £183,512, over £100k below the national average of £295,000. This means Liverpool is one of the most affordable places to buy property in the country, making it an ideal place for student property where lower costs are key.

This affordability translates to the rental market as well. Home.co.uk reports that Liverpool has a median average rent of £745 per calendar month, again below the national average while still being high enough to offer investors attractive rental returns.

For both students and those investing in student property, this affordability is a key selling point for Liverpool. Students want cheaper rents so they don’t have to spend the majority of their student loans on accommodation, and investors want lower costs so they can have higher rental yields.

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Kenny Rogers’s Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News

15/03/2023dansa

One Wall Street welcomes move-ins

The largest office-to-condo conversion in New York history is about to welcome its first residents, as Macklowe Properties unveiled residential interiors at One Wall Street last week, ahead of expected move-ins this month. The 50-story building began life in 1931 as the Irving Trust Company Headquarters, an Art Deco tower designed by skyscraper pioneer Ralph Walker.

Five years of renovations included completely gutting the building’s interior—removing the existing plumbing, stairs, and even the elevator shafts to open the floors up more for residential use. “The only thing remaining in the building was the exterior, which had been landmarked,” developer Harry Macklowe told Bloomberg.

The building has now been wholly reimagined as a 566-unit luxury condo with 100,000 square feet of amenities, including a tricked-out coworking space, a 75-foot glass-enclosed indoor pool, and a private dining room by AD100 2023 Hall of Fame designer Deborah Berke. New street-level retail includes a Whole Foods and a sprawling Life Time Fitness Resort. (The building’s iconic Red Room will soon play host to French department store Printemps.)

On Thursday, Macklowe and AD PRO Directory listee FrenchCalifornia unveiled One Wall Street’s latest model unit: Residence 3404, part of the

Celebrating Excellence, One of Houston’s Top Black Broker/Owner and INC 5000 Recipient, Jemila Winsey Named RIMedia 2023 Real Estate Newsmaker

04/03/2023dansa

Jemila Winsey joins an exclusive group of industry leaders who have made newsworthy contributions to the real estate industry.

ERA Legacy Living is pleased to announce that Jemila Winsey, CEO/CO-Founder has been selected as an RIMedia 2023 Real Estate Newsmaker—a dynamic group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry and their efforts to positively affect the consumers and communities they serve.

The article begins with a quote from the editor: “Started from the bottom” is a concept so overused that it has become almost meaningless, but that self-made woman moniker couldn’t be more true when applied to Jemila Winsey”….Read the entire article in the RIMedia Publication.

RIMedia, the leader in US real estate news and information services, announced its more than 300, 2023 Real Estate Newsmakers on Feb. 1, in both an online directory on RISMedia.com and in the February issue of its flagship publication, Real Estate magazine.

RISMedia’s 2023 Real Estate Newsmakers were nominated in 2022 by RISMedia readers and editors and are showcased in the following categories: Influencers, Trailblazers, Futurists, Achievers, Crusaders and Luminaries.

“It’s always so inspiring to see the incredible accomplishments of so many real estate

62% of Buy to Let Landlords Report Increase in Tenant Demand

22/02/2023dansa

In the midst of the current economic climate, the demand for rental properties has seen a significant upsurge, the latest studies show.

A recent 2023 Landlord Report has seen 62.24% of buy-to-let landlords state they have experienced an increase in demand for their rental properties over the last 12 months.

The research comes courtesy of specialist property finance broker Finbri where an associate has highlighted how owing to the “continued instability of the mortgage market and the UK economy, rental property demand is rising. Due to prolonged uncertainty, first-time buyers are postponing entry into the market.”

Landlords in Central London report even higher figures – with an astonishing 94% of landlords reporting increased demand according to a survey undertaken by specialist buy-to-let lender Paragon Bank.

In turn, rooms in HMO’s (housing in multiple occupations) have seen their rents reach record heights as tenant demand far outweighs supply. SpareRoom outlined how tenant demand hit a nine-year high last August – which corresponds to the wider rental market witnessing a 23% year-on-year growth in demand for rental properties.

This heightened demand shows no sign of slowing down anytime soon as tenants withhold trying to get onto the property ladder at present. In

Opinion: Stronger tenant protections keep real estate speculators at bay

08/02/2023dansa

Written for Daily Hive Urbanized by Neil Vokey, who is a renter in East Vancouver and a member of the Vancouver Tenants Union.

Last year, the City of Vancouver passed the controversial Broadway Plan covering 485 city blocks that parallel the incoming SkyTrain Millennium Line extension to Arbutus.

The Broadway Plan aims to guide development over the next 30 years and eventually double the corridor’s current residential population. However, even prior to the plan passing, real estate speculation along the corridor has already mounted enormous pressure on the thousands of tenants who live there — roughly 25% of the city’s existing purpose-built rental stock.

When members of the Vancouver Tenants Union (VTU) surveyed hundreds of renters living next to future subway stations, they talked to renters in buildings where services and communication had drastically scaled back after their buildings were sold — evidence that the new owners were interested in speculation opportunities more than being landlords. VTU members also found significant rent gaps — the difference between rents being paid and market rates — meaning that an eviction due to redevelopment would mean 60% to 70% rent increase for the average renter along Broadway.

Perhaps recognizing that this scale of

Crexi Partners with the CCIM Institute to Provide One-Stop Property Listing Services for All Designee Members

08/02/2023dansa

Published: Feb. 7, 2023 at 3:31 PM CST|Updated: 6 hours ago

CCIM Designees will be able to add and view sale and lease property listings nationwide in one easy process

LOS ANGELES, Feb. 7, 2023 /PRNewswire/ — Crexithe commercial real estate (CRE) industry’s leading marketplace, data, and technology platform, today announced their partnership with the CCIM Institute.

Official Crexi logo (PRNewsfoto/Crexi)(PRNewswire)

Crexi announced its partnership with the CCIM Institute.

The CCIM Institute has partnered with Crexi to create a Designee-only benefit, known as the CCIM Property Listing Service. CCIM Designees can now connect their Crexi and CCIM accounts for instant access to thousands of CCIM Designee listings across the country.

“The real estate industry is moving to a more collaborative model,” said Mike DeGiorgio, founder and CEO of Crexi. “By partnering with the CCIM Institute, we’re able to share market data on one platform which leads to a perfect solution for both organizations and our clients.”

With this partnership, CCIM Designees can also subscribe to Crexi’s PRO offering at a discounted annual rate, which includes higher rankings in property searches and AI generated property blasts resulting in more qualified buyers with full