London sees steep annual rise in rents to new record high

Rightmove | April 18, 2019

Average rents in the UK fell in the first quarter of 2019 by 0.2% to an average of £796 a month but where up by 2.7% year on year, the latest national index shows. But in London, asking rents are soaring up by 8.2% year on year to a record £2,093 per month and in the first quarter they increased by 2.9%, according to the rental trends tracker from property portal Rightmove. The 8.2% annual growth is the highest in London since Rightmove began reporting this data in 2012 and the data also shows that the reason is that demand is outstripping supply with the number of available rental properties in the capital down by 33% compared with two years ago. Supply in the rest of the UK fell by 13%.

Spotlight

Capitalize has specialized in the origination and servicing of commercial mortgage investments with transparency and unity for a significant network of institutional investors and prominent lending institutions.

Spotlight

Capitalize has specialized in the origination and servicing of commercial mortgage investments with transparency and unity for a significant network of institutional investors and prominent lending institutions.

Related News

REAL ESTATE TECHNOLOGY

Cherre Introduces CoreExplore, a New Real Estate Analytics Application

Cherre | May 13, 2021

Cherre, the industry's leading real estate data analytics platform, has launched CoreExplore, a new front-end application that allows customers to explore their connected data. CoreExplore, built as an application layer for Cherre's CoreConnect data platform, debuts with improved property searches, new filters enabled by Connection partner data, portfolio pages, and embedded asset management dashboards. • Customers can perform property research to find off-market options that fit their investment criteria. Customers can find properties by filtering depending on a variety of data providers in Cherre's Connections Network, to create property lists and saving specific searches. • Portfolios: CoreExplore provides Cherre's portfolio pages, which allow customers to conveniently explore an owner's portfolio of properties, including accessible contact information, allowing customers to reach decision-makers more quickly. • Dashboards: Customers also have access to embedded asset management dashboards in CoreExplore, which provide insight into their internal financial and operational asset data for benchmarking and efficiency tracking. Customers will be able to use their connected data warehouse (CoreConnect) and Cherre's built-in analytics to browse through markets and unmasked owners, gain insight into market performance factors, submarket trends, risk factors, and more in the coming feature updates. Cherre has also merged NCREIF, BuildingFootprints USA, REIS, RCA, and Trepp partner data into its information graph and core data platform. The inclusion of additional partner datasets simplifies the process for shared customers who want to integrate datasets from these vendors into their proprietary data analytics warehouse. Cherre integrates disparate real estate data into a single source of truth, allowing businesses to instantly explore all of their related data with immediate and actionable insight. Cherre is based on the world's largest real estate knowledge graph and is trusted by the industry's most relevant stakeholders to provide mission-critical efficiency and security. About Cherre Cherre is the leader in real estate data and research. We provide reliable property and market information to decision-makers, allowing them to make quicker and more informed decisions. Cherre enables customers to analyze opportunities and trends faster and more effectively by offering a specific "single source of truth," while saving millions of dollars in manual data collection and analytics costs. Cherre was founded in 2016 and is headquartered in New York City.

Read More

BUYING/SELLING

LGI Mortgage Solutions, joint venture between loanDepot and LGI Homes, Now Serving Customers in Arizona, Colorado and Florida

LGI Homes, Inc | November 08, 2021

LGI Mortgage Solutions, the joint venture formed by loanDepot, the nation's second largest nonbank retail lender and LGI Homes, Inc., one of the fastest growing home builders in the nation, is now offering full-service, residential mortgage solutions and personalized service in Arizona, Colorado and Florida. The company has plans to expand into ten additional states—Georgia, Tennessee, New Mexico, Minnesota, Oklahoma, North Carolina, South Carolina, Oregon, Washington and Alabama—during the first quarter of 2022, with six additional states coming online later in the year. As a national preferred lender with LGI Homes since 2015, we know the quality of work and high-level of service the company provides, Launching LGI Mortgage Solutions allows loanDepot to expand our relationship and service the financial needs of LGI Homes' customers, streamlining the home financing process to make the dream of homeownership a reality for even more individuals and families across the country. - Dan Peña, loanDepot executive vice president of national joint ventures LGI Mortgage Solutions also expands loanDepot's footprint in the purchase mortgage market and is an important part of the company's unique channel diversification strategy. Headquartered in The Woodlands, Texas, LGI Homes is known for its well-crafted homes and simplified buying process. The company focuses on customer feedback to ensure that they are continuously offering an outstanding product and exceptional customer service. Named the Builder of the Year in 2016 by Professional Builder Magazine, LGI Homes focuses on customer care, integrity, ethical behavior, loyalty, efficiency and profitability to ensure a consistent outstanding experience for its home buyers. Working exclusively with loanDepot through this joint venture ensures that our customers will enjoy an exceptional homebuying experience from first visit through loan close, Backed by two best-in-class companies with well-matched values and quality standards, LGI Mortgage Solutions will deliver competitive rates, superior customer service, and a transparent, streamlined mortgage process enabling industry-leading customer service and a stress-free lending experience for LGI customers. - Mike Snider, LGI Homes president and chief operating officer. About loanDepot loanDepot is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as the nation's second largest retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts. About LGI Homes, Inc. LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America's fastest growing companies, LGI Homes has a notable legacy of more than 18 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes' commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA's 2021 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation

Read More

BBVA USA launches milestone green commercial real estate loan throughout its footprint

prnewswire | September 17, 2020

BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank's new 5-year strategic plan implemented in January 2020. The loan is designed to help small business owners with closing costs related to the purchase of commercial real estate, provided the property meets certain environmental sustainability standards. The loan is another step the bank is taking in support of the second pillar of its strategic plan - focusing on aligning business efforts with economic, social and environmental sustainability.

Read More