google real estate news Archives

How North West Regeneration Areas are Supporting the UK Property Market

Post Author By Rimuru
Post Date September 5, 2024

Regeneration areas in the North-West are helping the area to stand above other regional competitors thanks to several key reasons.

Due to the creation of thousands of new jobs across a variety of sectors, many young professionals are moving to these regeneration areas in search of work. This is helping to support the rental market as many in this age group prefer to rent flats close to where they work.

With the influx of new residents, large new residential developments often accompany or are a part of regeneration schemes to make room for those moving to the North-West.

New builds

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Credit Suisse: What’s going on, and why its stock is falling

Post Author By Rimuru
Post Date August 9, 2024

Credit Suisse was trending for all the wrong reasons this weekend, as social media was in a frenzy debating whether one of the 30 global systemically important banks would collapse altogether.

The bank did open its doors on Monday. The bad news was, its shares CSGN,
-7.60%

CS,

fell 11% at the open to a new record low, and have dropped 59% this year.

The market that has really caught the attention of traders is that of credit-default swaps. Those are effectively batch on whether a debt issuer will survive. The 5-year credit default swap widened on Friday to 250

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Real Estate News

UK Property News Round-Up: What Happened in Spring/Summer 2022? – Property Investment Company: Over 75,000 Happy Investors

Post Author By Rimuru
Post Date July 27, 2024

Following on from the early signs of slowing growth in May, June saw further evidence that the growth the property market has been experiencing was beginning to slow down. As you can see above, the annual price growth took a sharp decrease from the previous month of 5%.

This began a decline in price growth which would continue into the summer, as the rapid increase in the property market at the beginning of the year calmed down. Although there would still be positive price growth going forward, it would not reach the same highs as March and April.

Although there

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Real Estate News

What Do Property Buyers Have to Know?

Post Author By Rimuru
Post Date July 4, 2024

Additionally distinguished within the headlines is the worth of the pound, which fell to a file low towards the US greenback early Monday.

The UK’s financial scenario is unsure, and from a property funding perspective, some UK-based buyers will uncertain be feeling the consequences of the price of residing disaster and surging vitality costs.

Nonetheless, for those who’re a overseas investor, this will likely present a singular alternative.

With the pound dropping in worth, investing in foreign currency will lead to a better yield than earlier than, as currencies such because the greenback or the euro will probably be value

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Real Estate News

Interest Rates Rise in the UK

Post Author By Rimuru
Post Date June 27, 2023

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.

It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders’ rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential mortgages due to the higher risk of them not being repaid.

Buy-to-let mortgage repayments cover the accrued interest of the mortgage, so monthly

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Real Estate News

Allied Properties Real Estate Investment Trust (TSE:AP) Expected to Earn FY2024 Earnings of $2.53 Per Share

Post Author By Rimuru
Post Date June 26, 2023

Allied Properties Real Estate Investment Trust logo

Allied Properties Real Estate Investment Trust (TSE:AP – Get Rating) – Stock analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Allied Properties Real Estate Investment Trust in a research report issued to clients and investors on Wednesday, June 21st. National Bank Financial analyst M. Kornack now anticipates that the company will earn $2.53 per share for the year, up from their previous estimate of $2.49.

Allied Properties Real Estate Investment Trust (TSE:AP – Get Rating) last issued its earnings results on Wednesday, April 26th. The company reported C($0.10) earnings per share (EPS) for the quarter,

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Real Estate News

Rising Mortgage Approvals a Sign of Positive Market Growth

Post Author By Rimuru
Post Date May 26, 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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Real Estate News

Trends Reveal Record Demand for Student Accommodation

Post Author By Rimuru
Post Date May 10, 2023

The shortfalls in student accommodation have been especially detrimental to international students – those coming from countries with a weaker currency have found accommodation increasingly unaffordable, for example.

Yet in 2022 – the UK issued nearly 500,000 study visa grants for international students – this marks an impressive 81% rise when compared to pre-pandemic figures.

Indian nationals enrolled into UK universities saw a 307% surge (105,278) compared to pre-COVID 2019 figures (34,261).

While the intake of Chinese students tapered down slightly – there has also been a significant increase in students coming from other countries such as Nigeria and Bangladesh.

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