commercial real estate news Archives - Page 2 of 2

Rising Mortgage Approvals a Sign of Positive Market Growth

Post Author By Evo Plus
Post Date 26/05/2023

According to the most recent data released by the Bank of England, the number of mortgage approvals rose for the first time in six months between January and February of this year.

This period saw a rise from 39,647 to 43,563, following a sustained decline in the latter half of 2022. Although this signifies a gradual return to previous norms, February approvals remained a third lower than 12 months previous, so there is still quite a way to go to reach last year’s monthly average of 62,700.

Mortgage approval rates increased by a further 18% in March of this year

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

Post Author By Evo Plus
Post Date 24/04/2023

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

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Real Estate News

Report: Thomas sold real estate to donor, didn’t report deal

Post Author By Evo Plus
Post Date 15/04/2023

Conservative mega-donor Harlan Crow purchased three properties belonging to Supreme Court Justice Clarence Thomas and his family, in a transaction worth more than $100,000 that Thomas never reported, according to the non-profit investigative journalism organization ProPublica.

WASHINGTON (AP) — Conservative mega-donor Harlan Crow purchased three properties belonging to Supreme Court Justice Clarence Thomas and his family, in a transaction worth more than $100,000 that Thomas never reported, according to the non-profit investigative journalism organization ProPublica.

The 2014 real estate deal shines a new light on Thomas’s decades old relationship with Crow, a real estate magnate and longtime financier for conservative

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Real Estate News

‘Married to Real Estate’ Star Egypt Sherrod Reveals She’s Launching a Furniture Line

Post Author By Evo Plus
Post Date 09/04/2023

HGTV fans know that few shows can compete with Married to Real Estate. We also know that’s because stars Egypt Sherrod and Mike Jackson are just a pleasure to watch. Honestly, we can’t get enough of this couple. And luckily, there will be more of ’em to go around!

Egypt just revealed really exciting news on her Instagram page. The 46-year-old real estate broker and designer announced that she’s launching her own furniture line in the fall. But for fans wanting to shop her style ASAP, Egypt also shared that we can now browse her curated selection of home

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Real Estate News

What Does the Latest UK House Price Index Mean for Investors?

Post Author By Evo Plus
Post Date 07/03/2023

According to the latest UK House Price Index, property values saw a subtle yet significant rise over the course of 2022, ending on a December average of £294,329 – an increase of over £21,000 from the opening January price.

Having closed the year with an average property value of over £26,000 more than the previous December, 2022 signified another healthy growth period for the UK market.

The summer months brought them the most movement with a decrease in the average property price of 5.3% between May and June, before a significant 7.4% rise between June and July.

Regionally, the South

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Real Estate News

Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

Post Author By Evo Plus
Post Date 26/02/2023

Investment analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN – Get Rating) in a note issued to investors on Saturday. The brokerage sets a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN opened at $5.92 on Friday. Xinyuan Real Estate has a 1 year low of $2.95 and a 1 year high of $12.30. The firm’s 50 day moving average price is $4.94 and its 200 day moving average price is $4.89.

Hedge Funds Weigh In On Xinyuan Real Estate

A hedge fund recently bought a new

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Real Estate News

Falling Property Prices Make Property Investment More Affordable

Post Author By Evo Plus
Post Date 26/01/2023

Of course, this all sounds incredibly dramatic and appears to have come right out of the blue, but this price drop has been expected by many property experts for a long time now – due to two years of inflated house prices post-pandemic.

However, despite the price crash being anticipated, the market has become more volatile than experts predicted due to the cost of living crisis and other similar factors.

Alongside this, many experts are also forecasting a further decline in 2023. For example, Lloyds, the UK’s largest mortgage lender, expects prices to fall by 8% this year.

This may

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