Real Estate News

Inked: Recent LI real estate deals

1100 Prospect Ave., West Islip

Mercurio Photography leased 1,662 square feet of warehouse and office space at 1100 Prospect Ave. In West Islip. Jamie Winkler of Winkler Real Estate represented the tenant, as well as the landlord, Mibran Realty Corp., in the lease transaction.

231 Wading River Road, Center Moriches

231 Wading River Road LLC, an entity registered to a Port Jefferson-based real estate investor, purchased a 2,975-square-foot retail building on 1.5 acres at 231 Wading River Road in Center Moriches for $4.4 million. The convenience store and gas station on the property are net-leased to 7-Eleven. Jeff Dahlman of

Real Estate News

LEGAL UPDATE – Mandate restrictions easing in Queensland

IN BRIEF

The Public Health (Further Extension of Declared Public Health Emergency—COVID-19) Regulation (No. 2) 2022 was implemented only last week. However, the Premier has turned around on that announcement and has announced some of Queensland’s last remaining COVID-19 restrictions will be lifted from 1am, 30 June 2022.

Summary

Beginning this Thursday, Queenslanders will no longer require COVID vaccinations to visit aged care facilities, disability accommodation and correctional facilities.

The Premier has also announced that the high-risk worker vaccine mandate would also be revoked in schools, early childhood education, outside school care, kindergartens, family day care, police watch houses, youth

Real Estate News

Anywhere Real Estate Inc. (NYSE:HOUS) Short Interest Down 9.6% in June

Anywhere Real Estate Inc. (NYSE:HOUS – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,680,000 shares, a decrease of 9.6% from the June 15th total of 6,280,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 5.3% of the company’s stock is short sold.

Analyst Ratings Changes

HOUS has been the subject of several analyst reports. Barclays lowered their price objective on Anywhere Real Estate from $5.00 to $4.50 in a

Real Estate News

Liverpool and Manchester Top Cities For GCC Investors

For investors based in the six Gulf Cooperation Council (GCC) countries, the UK has historically been one of the most popular places to invest in buy to let property.

Understandably, London has received the majority of this investment through the years due to it being one of the world’s most important financial centres, having huge employment opportunities, as well as an abundance of famous historical attractions leading to sustained tenant demand.

But following the Covid-19 pandemic, a number of factors have caused a significant shift in this long-established trend, a shift that’s increasingly taking North West investors.

The GCC is

Real Estate News

Head-To-Head Review: AGNC Investment (NASDAQ:AGNCM) vs. Apollo Commercial Real Estate Finance (NYSE:ARI)

AGNC Investment (NASDAQ:AGNCM – Free Report) and Apollo Commercial Real Estate Finance (NYSE:ARI – Free Report) are both real estate companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, profitability, earnings, dividends, institutional ownership, analyst recommendations and risk.

Earnings & Valuations

This table compares AGNC Investment and Apollo Commercial Real Estate Finance’s revenue, earnings per share and valuation.

GrossRevenues Price/Sales Ratio NetIncome Earnings Per Share Price/Earnings Ratio
AGNC Investments -$615.00 million N/A N/A N/A N/A
Apollo Commercial Real Estate Finance $303.64 million 5.13 $265.23 million $1.83 6.02

Apollo Commercial

Real Estate News

Rising Mortgage Approvals a Sign of Positive Market Growth

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

Real Estate News

Real estate sales dip in Houston and area

Real estate sales through the Multiple Listing Service in Houston and area declined in the first three months of this year compared to the same period in 2022, indicating latest figures from the BC Northern Real Estate Board.

Two single family homes sold from January to March at an average price of $110,000 while five single family homes sold from January to March in 2022 and 11 sold for the same three-month period in 2021.

Six properties sold in all for the first three months of this year at a combined value of $1.8 million.

The decline in home sales

Real Estate News

The Top 10 Cheapest Areas of London to Buy a House or Flat

6. Croydons

Croydon is in south London. Croydon is the largest town in the London borough of Croydon and one of the largest in Greater London. It has a population of around 385,000.

The average house price in Croydon (based on the CR0 postcode area) is currently £375,376.

The Croydon CR0 area includes districts such as the town center itself and Addiscombe, Addington, Beddington, Broad Green, Coombe, Forestdale, New Addington, Selhurst, Shirley, Spring Park, Waddon and Woodside.

Croydon has a wide range of local amenities for retail and leisure. It also has some of the best transport links in London.