Commercial, multifamily originations buck seasonal trends in Q4

By: ameer@trustedteam.com

Five out of six property types experienced the originations slump in the fourth quarter. There was a 69% year-over-year decrease in the dollar volume of loans for industrial properties,...

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Clear Capital invests $15.5 million in California multifamily property

By: ameer@trustedteam.com

Built-in 1984, Aspire Seneca features 124 one-, two-, and three-bedroom units with condo-style floor plans in classic condition averaging 770 square feet. The property has ample amenities, including two...

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Retail-focused REIT beats Wall Street 4th Q expectations

By: ameer@trustedteam.com

Joey Agree, president and CEO of his namesake firm, started the earnings presentation in upbeat fashion: “I’m pleased to report that 2022 was another record year for our company,”...

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Inflation eases to 10.1% in January: ONS

By: ameer@trustedteam.com

Inflation in the UK was 10.1% in January, the latest data from the Office for National Statistics (ONS) reveals. January’s figure is down from the 10.5% reported in December and...

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December marks further slowdown in house prices

By: ameer@trustedteam.com

On a monthly basis in December last year, house prices fell by 0.4%. This brings the average property price in the UK to £294,329 – just over £26,000 more than...

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PLS Solicitors receives ABS license from SRA

By: ameer@trustedteam.com

The switch will allow non-lawyers to serve as owners and in senior leadership positions. PLS Solicitors managing director Dan Hickey says: “An ABS allows us to better reflect our make-up...

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Conveyancing costs rise 8% to £1,184 in 2023  

By: ameer@trustedteam.com

This breaks down to rises of 2.6%, for home sales, and 8%, for purchases, compared to 12 months ago says the quick house sale business, which surveyed 100 residential...

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Remortgage instructions up 33% in January: LMS

By: ameer@trustedteam.com

January remortgage instructions increased by 33%, according to LMS’ monthly remortgage snapshot as rates fell for the first time since September. The conveyancing services firm found that borrowers who remortgaged...

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Bridging Watch: Our sector may surprise people this year

By: ameer@trustedteam.com

Last year was something of a turning point for the UK property market. After a decade of rock-bottom interest rates and runaway house prices, everything changed in 2022. In just...

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January remortgage instructions increase 33%: LMS

By: ameer@trustedteam.com

The conveyancing services firm found that borrowers who remortgaged in January saw their average monthly payment jump by £239. Data shows that 36% of borrowers increase their loan size last...

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