Hints and tips:
...Fund manager M&G is to close its £565mn property fund following sustained outflows by UK retail investors looking to get out of the ailing real estate market....
...The firm’s real estate partner, George Fatheree, approached the Bruce family and worked with them to have the land returned....
...Business nomads lured by Lisbon According to estate agent Savills’ Impacts Report 2022, Lisbon is currently a top landing spot for corporate nomads....
...Penhein, in contrast, is the real deal: eight tents, well spread out in woodland on a farming estate near Chepstow in south Wales, near the English border....
...Further still, the estate’s lush tropical gardens and views of the Costa del Sol....
...“The base rate changes are coming thick and fast,” says David Hollingworth, director at mortgage broker L&C....
...Though much of the FTX empire had gone up in smoke, its founder Sam Bankman-Fried did accumulate a massive trove of real estate....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...His Chanel — with its outsized double-C logos and bouclé biker caps, a real-life elaboration of his theory that a sense of humour and a little lack of respect is required to make a legend survive — became...
...“Anything below 1 per cent is really just clinging on now,” says David Hollingworth, associate director at broker L&C Mortgages....
...Sam Chandan, chair of the Schack Institute of Real Estate, part of New York University, points to sluggish construction since 2008 and the many homes standing empty in January that are now occupied....
...This aggressive mark down came in the form of ERVs -12% l-f-l and yields expanding +17bps....
...Opportunity for real estate development. Soother of stressed urban minds.” He does not do lyrical....
...estate landscape....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...“A lot of lenders moved away from accepting as much variable income as they did before the pandemic,” says David Hollingworth, director at mortgage broker L&C Mortgages....
...It also highlights that FEB’s biggest shareholder with 21.85 per cent is something called Tasameem Real Estate Co....
...One area of financial stress we should pay close attention to is in the real estate market. Some UK real estate investment trusts have lost 40% of their value since the start of the month....
...“This has proved very effective for our clients from an investment and inheritance tax planning perspective,” says Iain Tait, a partner in L&C’s private investment office, noting a long-standing fiscal incentive...
...Intu Properties is up a bit after confirming a Sunday Times report that Link Real Estate, a Hong Kong Reit, was in talks to back its rescue rights issue....
...And Credit Suisse: Although Next a best in class operator, adverse channel mix, its reliance on credit income and need to restructure the store estate do not guarantee a strong recovery....
...We are relatively less excited about Telecoms due to their weak topline and leveraged balance sheets, and about Real Estate due to pressure on rental yields, occupancy rates and asset values....
...The downsizing of the leisure estate, which continues to suffer from excess competition and over-expansion, is to be accelerated, with a further 75-90 sites (out of the current 250 strong estate) to be exited...
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...At present, mortgage lenders are required to limit the amount they lend above the 4.5 times-salary threshold to 15 per cent, says David Hollingworth of L & C Mortgages....
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