Sales of distressed commercial property in Hong Kong surged in the first half of the year, accounting for about three-quarters of the total, and unusually high levels of activity are expected in the coming months, according to CBRE.Distressed sales typically account for less than 10% of commercial property transactions in the city, but investors are finding it increasingly difficult to repay debt as interest rates have risen to a 23-year high in the 16 months since March 2022, according to property consultancy firms.Total commercial property transactions in the first half of the year totaled HK$23.1 billion (US$2.95 billion), the second…
Author: Private Lending Agent
Are you familiar with the FIRE movement? (Oh no, did I just call it a “movement”? That sounds cheesy and political. Let's start again.) Are you familiar with the acronym FIRE? There is a small but growing minority of people, myself included, who don’t want to depend on a 9 to 5 job for income, and our goal is to achieve financial independence and retire early (FIRE). And we're not talking about retiring in 25 years instead of 40. We're talking about retiring within 5-10 years, regardless of age. Sound impossible? Not at all. Take a look at Kevin and…
GTA home sales were down in June compared to the same month last year. Despite the Bank of Canada lowering interest rates in early June, many potential buyers were hesitant to enter the market, resulting in high supply and a slight decline in average sales prices compared to the previous year. Source: TRREB Sales were down from the previous year, but new listings increased by more than 12% The number of home sales in June 2024 was 6,213, down 16.4% from 7,429 in June 2023. However, new listings increased 12.3% year over year to 17,964. Source: TRREB The average sales…
Are you hiring? Looking for the next superstar to join your team? Do you need someone who can treat your business like it's their own? Do you need someone to give you direction instead of you chasing? Great! You're on the right track. In today's tough market, it's hard to find qualified and talented people who can help elevate your business. You need people who are proactive, not people who are constantly prompted. A clear vision and strategic approach is essential when searching for the right candidates. There are people out there who are just as good at their craft…
Our specialist mortgage brokers in Doncaster provide tailored mortgage solutions in Sheffield, Leeds and Scunthorpe.Doncaster, United Kingdom–(Newsfile Corp. – July 8, 2024)–Mortgages Remortgages, a leading mortgage broker in Doncaster, has announced it is expanding its service area to more parts of Yorkshire and Lincolnshire.The company has now built on its reputation as a trusted mortgage adviser in Doncaster, providing expert mortgage advice to customers in Sheffield, Leeds and Scunthorpe.Figure 1This expansion will allow many more home buyers and homeowners to benefit from the company's tailored mortgage solutions, and customers in these new areas can expect the personalised service and expert…
As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. A script is just a predetermined question or response that helps guide a conversation closer to your desired outcome. Knowing what you’ll say in advance on a call, at an open house, or just chatting with your sphere makes you more confident — and confidence is the key that opens the door to opportunity in real estate. Below, you’ll find proven real estate scripts for 12 common situations to help you earn more business in 2024. 1.…
Spencer Ducebaut Aidium, a business intelligence and mortgage CRM platform provider, has launched a 24/7 customer support service to ensure mortgage professionals get real-time help whenever they need it. Mortgage professionals often work outside of standard business hours, making ongoing support important, and Aidium’s new 24/7 support service helps lenders resolve issues and receive assistance without delays, helping them stay productive. “Emergencies don't wait for business hours, and neither do we,” Aidium CEO Spencer Dusebout said in the release. “Our customers use Aidium at all times — nights, weekends, holidays — so we needed to be there whenever they needed…
Rest has increased its investment in Metrics Credit Partners' Real Estate Debt Fund (REDF) with the aim of further diversifying its exposure to private markets. REDF provides direct exposure to the Australian commercial real estate loan market by investing in a portfolio of Australian commercial real estate (CRE) loans, spanning industrial, retail, office and residential developments as well as specialised assets such as healthcare and hotels. Mr Rest said the investment strengthened the company's position in Australian private credit and enabled the fund to take advantage of attractive terms in the domestic non-bank lending market. “REDF offers Rest members the…
A senior Bank of England policymaker said Britain's fight against inflation remains unfinished and interest rates will need to be kept higher for longer than financial markets had expected.Jonathan Haskell poured cold water on expectations that the City will cut interest rates in August, saying inflation is set to bounce back above the government's 2% target.”We want to keep interest rates on hold until there is greater confidence that underlying inflation pressures have subsided sustainably,” Haskell, a member of the Bank of England's Monetary Policy Committee, said in a speech at King's College London on Monday.He added there were “positive…
RBA interest rate hikes continue to put pressure on borrowers. (Source: Getty/AAP)More than half a million Australian mortgage holders have switched to interest-only repayments to ease budget pressures, with the Reserve Bank of Australia's (RBA) sharp interest rate hikes increasing monthly repayments by thousands of dollars and leaving many struggling to make payments.Finder's research found that one in five mortgage holders, or 693,000 people, have switched their mortgage to interest-only payments in the past two years, while a further one in eight said they had extended their loan term in the past 12 months to reduce their repayments.The survey found…