real estate news nyc Archives - Page 2 of 3

Instability of Banks Boosts Appeal of Property Investing in 2023

Post Author By Evo Plus
Post Date March 31, 2023

If you’ve been paying attention to the news recently, then you may have noticed several banks collapsing in the US in the past couple of weeks, which is beginning to cause alarm.

For those not in the know, on March 10th, the biggest failure of a US bank since the global financial crisis of 2008 happened in real time. Silicon Valley Bank collapsed after a bank run and failed to raise capital, which was the second-largest failure of a financial institution in US history.

Following this, a second bank, Signature Bank, has also shut down, and a third has been

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What Does the Spring 2023 Budget Mean for Property Investment?

Post Author By Evo Plus
Post Date March 23, 2023

Chancellor Hunt also revealed the government would deliver 12 “investment zones” across the UK – with the intention of creating new “potential Canary Wharfs.”

Regions like the West Midlands, Greater Manchester, and Liverpool were highlighted as potential candidates. The Chancellor stated that successful applicants must be able to identify a specific location where a partnership between local government and local universities/research institutes could provide valuable innovation.

Successful candidates will receive £80m in funding each over the next 5 years, further encouraging investment in these critical areas and strengthening their local economies. If all goes well, this could encourage many investors

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Real Estate News

62% of Buy to Let Landlords Report Increase in Tenant Demand

Post Author By Evo Plus
Post Date February 27, 2023

In the midst of the current economic climate, the demand for rental properties has seen a significant upsurge, the latest studies show.

A recent 2023 Landlord Report has seen 62.24% of buy-to-let landlords state they have experienced an increase in demand for their rental properties over the last 12 months.

The research comes courtesy of specialist property finance broker Finbri where an associate has highlighted how owing to the “continued instability of the mortgage market and the UK economy, rental property demand is rising. Due to prolonged uncertainty, first-time buyers are postponing entry into the market.”

Landlords in Central London

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Real Estate News

What are the Best Things to Invest in Right Now?

Post Author By Evo Plus
Post Date January 18, 2023

Made famous by the stereotypes of Wall Street and high-flying suits, the stock exchange is an ever-popular way of investing at a range of potential price points, and is historically one of the most popular asset classes to invest in.

Stocks, which can also be referred to as equity, are a security which represents the fraction of ownership of a company. Units of stocks are called shares, and you are entitled to a proportion of the company’s profits and assets based on how many shares are in that company you own.

You primarily buy shares on stock exchanges, and there

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Real Estate News

2023 Property Market Predictions: What Will Happen to UK Property?

Post Author By Evo Plus
Post Date January 2, 2023

2022 was a fantastic year in terms of capital appreciation, as house prices snowballed over the course of the year.

The average house price in the UK as of October 2022 was £296,000. When compared to the average price of December 2021, £ 275,000, you can see that this is a sizeable level of growth.

Some areas of the UK saw even higher levels of growth, such as the North-West. Thanks to property hotspots like Manchester and Liverpool, this area of the UK experienced annual growth of 16.1%, significantly higher than the national average.

However, it is unlikely that this

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Real Estate News

Kohl’s: Trading Below 5x Normalized EPS And Yielding 8% (NYSE:KSS)

Post Author By Evo Plus
Post Date January 2, 2023

2022 has been a wild ride for Kohl’s (NYSE:KSS) shareholders. After a failed sales process and massive earnings shortfall (discussed below), shares have been cut in half in 2022.

However, I believe that normalized earnings are nearly double the current levels. Further, the continued presence of activist shareholder Macellum, recent departure of several top executives, and significant real estate value (discussed below) suggest the company remains ‘in play’ for a buyout should financing conditions improve.

Current Conditions

Cost inflation and a weaker consumer spending environment have caused Kohl’s to significantly underperform its initial 2022

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Real Estate News

Will 2022 be the year to invest in UK property?

Post Author By Evo Plus
Post Date October 17, 2022

Will 2022 be the year to invest in UK property?

The UK is one of the world’s most popular countries in which to invest in residential property. It’s not surprising.

According to a report by DLA Piper, the law firm, which was published at the end of 2020, the UK continued to be an attractive country when it came to investing in the sector. In its survey of 500 high net worth investors and asset managers, one third said it was planning to invest in UK bricks and mortar, while those whose headquarters are in China and the USA rated

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Real Estate News

Looking forward to the success of 2022

Post Author By Evo Plus
Post Date October 16, 2022

2021 was an incredibly busy year for the Prosperity completions team, as we delivered six developments across the country – and 2022 looks to be just as productive as we kick off the new year with a further four developments.

Last year, of course, brought many challenges to every type of business as the world grappled with the implications of the Covid-19 pandemic – and we in the construction industry certainly faced the global supply issues on materials. But I am proud to say we are still managed to deliver more than 500 properties within contractual time frames.

Tameway Tower

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