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Real Estate

Real Estate

Where to Look for Investment Properties that Follow the London Exodus?

Investment Properties

A recent research report by estate agents Countrywide suggests that renters are abandoning London at the greatest rate since 2007. However, unlike the exodus of 10 years ago they are not moving outside of the capital to buy their own property. House price inflation across the South-East means that this time around most of those opting for the commuter lifestyle in a bid to reduce living expenses, London rents have risen more than anywhere else since 2012, will still be renting in their new locations. While 51% of renters leaving the capital in 2007 did so to move into their own home, that has dropped to only 21% ten years later.

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Real Estate

Residential Property Market Sees Decline in Activity as Buyers Stall

Residential Property Market

The Royal Institute of Chartered Surveyors have reported a dip in activity from home buyers over the past month, based on enquiries received by members, with the trend most noticeable in London and the South East. The ‘waiting’ position being struck has been attributed in large part to economic uncertainty resulting from stalling Brexit negotiations, though in and around London prices having crept beyond what buyers can afford within the framework of current mortgage restrictions is also thought to be a factor.

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Real Estate

Prime real estate markets yet to recover from foreign-buyer tax

real estate

Real estate market yet to recover

The three most popular markets for foreign buyers have failed to recover a year after Canada’s first foreign-homebuyer tax was introduced. The introduction of the tax has brought Metro Vancouver sales down 44%. These three include West Vancouver, Richmond and Vancouver’s west side where sales have dropped steeply. These areas had the highest number of foreign real estate buyers but sales were down significantly since the 15% tax came into effect last year.

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Real Estate

Estate agents under scrutiny after UK authorities unveil another cartel

Estate agents

A group of six real estate agents have been fined for illegal activities

A real estate cartel has been uncovered by UK authority that has been colluding to drive in more profits. The cartel included six real estate agents who were involved in a plan to push up local fees in southwest England. All of them are based on Burnham-on-Sea who agreed to manipulate the charges in a meeting. They had fixed their minimum commission rates at 1.5 per cent to avoid negotiations on property deals in the region. Action has been taken against them by the national competition authorities. The group of real estate agents has been fined a sum of £370,084 by the authorities.

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Real Estate

Former Cameron adviser raises additional £10m funding boost for Second Home

London Shoreditch

Start-up raises additional fund for international expansion

Start-up founded by an ex-Cameroon advisor has raised an additional £10m for international expansion, it is learnt. The shared workspace start-up co-founded by Rohan Silva has raised another £10m from investors amid soaring international demand from multinationals and technology start-ups. The level of investor interest in flexible office space has been growing rapidly. Second Home operates from different sites at present, including one in London’s Shoreditch, and will open three more sites in the capital.

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HighlightReal Estate

Downing secures £439m investment in UK-wide student housing

UK-wide student housing

Liverpool based developer Downing secures £439m investment in UK-wide student housing joint venture

Downing will develop massive student housing across the UK. This will further establish Downing as a major player in the student accommodation sector. It has a strong presence in leading university cities and has a reputation in student accommodation across the UK. Downing is known for high quality and well-managed housing facilities.

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HighlightReal Estate

Washington Real Estate Investment Trust (WRE) Receives “Hold” Rating from Stifel Nicolaus

real estate usa

Washington Real Estate Investment Trust (NYSE:WRE)‘s stock had its “hold” rating reaffirmed by analysts at Stifel Nicolaus in a note issued to investors on Friday. They presently have a $33.00 (£25.21) price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 3.25% from the company’s previous close.

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