Brexit, Political Uncertainty Impacting London Home Prices

Knight Frank | April 02, 2019

According to global property advisor Knight Frank, London home prices declined 0.6% in 2018, but markets are increasingly localized and performance differs greatly by borough.
There were 20% fewer dwellings added to London's housing stock during 2017-18, though delivery remains well above the pre-crisis average. The construction and planning pipeline suggests delivery may fall further. Just five of London's 33 boroughs met their targets for housing need during 2017-18 and twenty delivered less than half.

Spotlight

ATLANT Platform is building a next generation global real-estate platform based on blockchain technology. We believe blockchain has the potential to help accelerate the doption of the Sharing Economy which has already begun to unleash industry disruption by opening up significant amounts of previously untapped private capacity and tokenization of property may completely changereal estate transactions.

Spotlight

ATLANT Platform is building a next generation global real-estate platform based on blockchain technology. We believe blockchain has the potential to help accelerate the doption of the Sharing Economy which has already begun to unleash industry disruption by opening up significant amounts of previously untapped private capacity and tokenization of property may completely changereal estate transactions.

Related News

Longstanding Viera/Suntree brokerage Vista Florida Realty LLC merges with Dale Sorensen Real Estate, Inc

prnewswire | October 22, 2020

Dale Sorensen Real Estate is excited to announce that Vista Florida Realty has merged with DSRE Brevard. The merger, which brings together two highly successful Brevard County brokerages, will give the companies a distinct advantage in the increasingly competitive world of real estate. Vista Florida Realty was founded in 2014 by Grace Vista. A native of Annapolis, Maryland, Vista has been a licensed realtor since 2004, earning her Broker's license in 2014. Deciding to merge with another company wasn't an easy decision until she met with the DSRE team.

Read More

REAL ESTATE TECHNOLOGY

Schottenstein Real Estate Group sells developments for $177 million and announces 1200 new construction units

prnewswire | February 02, 2021

Schottenstein Real Estate Group, one of the biggest land improvement organizations in the Midwest, declares the offer of three of their advancements adding up to $177 million. The Delaware County advancements included are Powell Grand Communities, situated on Sawmill Parkway and Seldom Seen Roads, and Northlake Summit situated at Route 36/37 and I-71, which were offered to Cortland. Furthermore, Central Gardens Grand situated in Palm Beach Gardens, FL was offered to L&L Investors. Overseeing Partner for Schottenstein Real Estate Group, Corey Schottenstein expressed, "Our developments were located in perfect locations for these times in high end suburban areas, and the type of product we develop is probably one of the best real estate investments in the current economic climate." President of Schottenstein Real Estate Group, Brian Schottenstein says, "Our company has been fortunate to achieve a great year despite the unfortunate Covid pandemic, thanks to all of our employees involved and the nature of our developments. We currently have over 1200 new units in construction, and as our industry continues to boom, more are planned." Schottenstein Real Estate Group's emphasis on top of the line rental advancements is unequivocally obvious in their new tasks. One of the freshest: Liberty Grand Communities is the principal actually enormous arranged rental local area affirmed in Liberty Township, Delaware County, OH. Freedom Grand Communities sits on 300 sections of land only northwest of Olentangy Liberty High School close to Sawmill Parkway and Home Roads. It incorporates a blend of condos, garden lofts and farm homes, all with a couple of vehicle carports and different recently planned plans incorporating those with first floor main rooms. Occupants can exploit creative conveniences including a 14,000 square foot clubhouse, bocce ball, pickle ball, canine park, putt, a local area garden, resort style pool and lap pool, lounges, fishing wharf, bistros, card rooms and a 24-hour wellness focus. Freedom Summit is likewise in development in Liberty Township, Delaware County, OH. Orange Grand Communities is at present being created as the freshest and most pleasant rental local area ever underlying Orange Township, Delaware County, OH.

Read More

REAL ESTATE ADVICE

Redfin Reports Demand For Vacation Homes Is Now Below Pre-Pandemic Levels

Redfin | June 27, 2022

Demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from a revised rate of 3% above pre-pandemic levels a month earlier, and 70% above pre-pandemic levels a year earlier. Demand for second homes is declining due to high home prices, mortgage rates that have rapidly risen to nearly 6% and a slumping stock market–factors that are also cooling the rest of the housing market. Another deterrent to second-home buyers is the fact that the federal government increased loan fees for second homes in April, adding roughly $13,500 to the cost of purchasing a $400,000 home. Skyrocketing monthly payments, along with higher loan fees, have priced many second-home buyers out of the market. Many would-be second-home buyers are also deterred by turmoil in the stock markets, high inflation and recession fears, and they can be quicker to pull back from the market because vacation homes aren’t a necessity the way primary homes are. The cooldown in the second-home market is likely to continue as long as mortgage rates are elevated and the stock market is slumping.” Taylor Marr,Redfin Deputy Chief Economist The drop in vacation-home demand marks a drastic change from the second half of 2020 and 2021, when mortgage-rate locks for second homes skyrocketed due to record-low mortgage rates and the flexibility to work from anywhere thanks to remote work. Demand peaked in March 2021, when it was about 90% above pre-pandemic levels. Interest in vacation homes started declining sharply in February as mortgage rates began their ascent. The average 30-year fixed mortgage rate reached 5.81% in the week ending June 23. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Read More