Real Estate News

Legal Update: Buy Now, Pay Later – Financial Services

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The Central Bank of Bahrain (the “CBB”) issued amendments to the CBB Rulebook Volume 5 (Type 3: Financing Companies) on 8 February 2022, to mainly incorporate innovative business models for financing consumer products within its scope as part of short-term financing activities in an effort to keep pace with industry evolution and consumer demands for financial services.

A new form of company will be permitted to enter the market of online retail platforms in the form of “Buy Now, Pay Later” (“BNPL

Real Estate News

Tammy Sytch Legal Update – WrestleTalk

Tammy Sytch Legal Update – WrestleTalk

PWINsider

According to a new report, there has been a legal update in the case regarding Tammy Sytch, perhaps best known to wrestling fans for her time in WWE as Sunny.

Sytch is currently facing criminal proceedings, charged with DUI Manslaughter in Florida and in an update, a previous petition by her legal representative has been granted.

Steven deLaroche, the attorney who had been tasked with representing Sytch had filed a motion to withdraw from the case and now PWInsider is reporting the hearing has taken place granting the petition.

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

Interest Rates Rise in the UK

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

Real Estate News

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

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,

Real Estate News

Trends Reveal Record Demand for Student Accommodation

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.

Real Estate News

Green New Deal Boosts Appeal of New Build Investments

Investing in new-build property has traditionally been a popular form of property investment due to the range of benefits it can offer – this has seen many investors purchase off-plan (before the house is completed) as a means of maximizing their potential gains.

The push towards making homes energy efficient in recent years has heightened the incentive to invest in new-build properties, as tenants wish to keep their energy bills down. As a result, this has seen increased demand for such properties.

In turn, new-build properties also tend to boast higher EPC (energy performance certificate) ratings of an A or

Real Estate News

Crossmark Global Holdings Inc. Buys 605 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Crossmark Global Holdings Inc. lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,887 shares of the real estate investment trust’s stock after purchasing an additional 605 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alexandria Real Estate Equities were worth $1,149,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ronald Blue Trust Inc. bought a new stake in shares of Alexandria Real Estate Equities during