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Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" title="Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" class="img-responsive" /> Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg Bengaluru: Indians are the second largest buyers of property in central London , accounting for 22% of sales in the year to August, pushing buyers from West Asia to the third slot (at 21%), according to property investment advisory London Central Portfolio ’s (LCP) latest sales audit . South- East Asian buyers took the top spot, accounting for 36% of all purchases. Interestingly, Indians also spent more per house. They accounted for one-third of the total spend, with an average purchase price of £1.77 million, slightly higher tha...

Apartment rents for new leases in King and Snohomish counties jumped nearly 5 percent in the second quarter and almost 10 percent over the past 12 months, according to a new survey. In the second quarter, the average rent for new leases was $1,405, up $124 from a year ago, market- research firm Apartment Insights Washington reports . The firm tracks rents , vacancies and concessions at apartment complexes with at least 50 units. The annual rent increase for the latest period was the largest seen locally since Apartment Insights began tracking the market in 2005. It also is well ahead of the national average : Texas- based MPF Research said U.S. apartment rents soared in the second quarter and climbed 5. 2 percent annually , a 15-year high. Most Read Stories Unlimited Digital Access. $1 for 4 weeks. “While apartment rents are rising at a significant pace all across the country, the nation’s average price increase is being skewed quite a bit by the surging rents in the Western re...

Surveys shows rents increasing 9.4 to 20 percent in last year By Simone Jasper sjasper@mrt.com Updated 1:03 pm, Wednesday, August 9, 2017 average occupancy rate in Midland is 98 percent, compared to 89 percent in July 2016, according to the PBAA survey. Photo: Justin Sullivan, Getty Images" class="landscape" /> average occupancy rate in Midland is 98 percent, compared to 89 percent in July 2016, according to the PBAA survey." src="src" /> Photo: Justin Sullivan, Getty Images Image 1 of / 1 Caption Close Image 1 of 1 The average occupancy rate in Midland is 98 percent, compared to 89 percent in July 2016, according to the PBAA survey. The average occupancy rate in Midland is 98 percent, compared to 89 percent in July 2016, according to the PBAA survey. Photo: Justin Sullivan, Getty Images Midland rents jump from last summer Back to Gallery Rents in the Midland market have increased compared to last year, according to a Permian Basin Apartm...

Local investors beware: Central Pennsylvania is on the map for outside groups looking for higher returns. Last month, The Solomon Organization , a New Jersey-based operator of multifamily properties, closed on a $25.7 million purchase of the newly built Ivy Ridge Apartments in Swatara Township . That price — $117,913 per unit — is the highest in the Harrisburg market this year. It also marked the company's first foray into the Harrisburg area after landing in Lancaster County six years ago. It owns six communities in Lancaster County and more than 1,200 units. "Two years ago, you said 'Harrisburg' and people would just hang up the phone," said Zachary Pierce, director of the National Multi Housing Group in Philadelphia for Marcus & Millichap Real Estate Investment Services . Outside investors were interested only in primary markets such as New York City and Washington, D.C., and maybe Philadelphia, he said. But as prices have shot up in those prime areas, th...

AMLI Residential, one of Austin’s — and the nation’s — largest multifamily developers , said it plans to build a $30 million, 279- unit apartment complex near the site of the planned town center at the Mueller community in Northeast Austin. AMLI expects to break ground in the first quarter of 2013, with the first units available in the third or fourth quarter of 2014, said Taylor Bowen, executive vice president of AMLI Residential. The apartment complex will be built along Simond Avenue and Mattie and McBee streets, across from Mueller’s 30- acre Lake Park and the planned home for Austin Children’s Museum. AMLI’s announcement comes amid growing demand in the region’s apartment market , where rents and occupancies have reached record levels this year, fueled by job and population growth and a relatively scarce supply of new units coming to market, though thousands are planned. The new complex will have a mix of efficiencies and one- and two-bedroom units. Some units — 15 percent...

MANATEE -- A proposed lakeside apartment complex bordered by newer townhomes and single family homes may soon bring more market-rate rentals to University Parkway. A property owner-controlled by Gilbane Building Co. of Rhode Island has submitted a final site plan to Manatee County that calls for 180 apartment units at 3415 Broadway Ave. The six- building complex would occupy a little more than nine acres in an area with fewer rental options than University Park to the east. Contacted about details the project, a representative of the property owner, University Groves Property LLC , declined to comment. Gilbane operates an office in Lakewood Ranch. Laurie Rastovski, a real estate agent with Michael Saunders & Co. who specializes in rentals, said new apartment units near the west end of University Parkway will be welcome. Having previously worked as a leasing agent at a large apartment complex nearby , she sees the demand. "In that area, it's going to be nice to have s...

        Advertisement Apartment Investment and Manage (NYSE:AIV) . Renaissance Technologies LLC increased its investment in Apartment Investment and Manage stock by 1,883,585 shares as of the end of the last quarter. Its stake was valued at $175,008,000 an increase of $77,917,000 as of quarter end. Other firms have also shifted positions in (AIV). As of the end of the quarter Dimensional Fund Advisors Lp had bought 64,981 shares growing its holdings by 3.0%. The value in dollars went from $95,065,000 to $94,899,000 a change of 0.2% quarter over quarter. As of quarter end V3 Capital Management , L.p. had disposed of a total of 785,550 shares trimming its stake by 64.8%. The value of the company’s investment in Apartment Investment and Manage decreased from $53,786,000 to $18,358,000 a change of $35,428,000 since the last quarter. California Public Employees Retirement System trimmed its holdings by selling 6,200 shares a decrease of 1.8% in the quarter. California Publi...

Boasting a price of $15.45, Preferred Apartment Communities Inc. (NASDAQ:APTS) traded 0.17% higher on the day. With the last stock price close up 18.71% from the two hundred day average , compared with the S&P 500 Index which has increased 0.05% over the date range. Preferred Apartment Communities Inc. has recorded a 50-day average of $16.58 and a two hundred day average of $14.93. Volume of trade was down over the average, with 314,725 shares of APTS changing hands under the typical 316,052 BidaskClub has downgraded Preferred Apartment Communities Inc. (NASDAQ:APTS) to Buy in a statement released on 7/8/2017. Performance Chart Preferred Apartment Communities Inc. (NASDAQ:APTS)" width="530px" style="border: 0pxpx;" /> With a total market value of $0, Preferred Apartment Communities Inc. has with a one year low of $12.02 and a one year high of $18.11 . A total of 8 equity analysts have released a research note on APTS. Five equity analysts rating...

Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa. Photo courtesy of Mountain Peak Marketing " width="300" height="169" /> Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa, shown here. Photo courtesy of Mountain Peak Marketing Apartment projects are going up across the Treasure Valley from Boise to Meridian to Nampa and to the next frontier in multi- family housing , Kuna. Some 2, 700 apartment units are in various stages of construction among those cities. Some are recently completed and some are being built in phases.  That is a stark contrast to the near zero multi- family construction in 2010 in metro Boise. Multi- family housing has evolved in the 21 st century, largely moving away from large buildings with hundreds of units. Locally, many developers have settled for the common denominator of sets of fourplexes with the occasional six-, eight- ...

There’s a big demand for more affordable housing in Charlotte, where rents and home prices have shot up much faster than wages over the past few years. Many of the apartments being built now target more affluent renters, waitlists for housing vouchers are long and starter homes are snapped up almost immediately. So why aren’t developers building more affordable housing ? That was one of the main questions at a candidate education panel hosted by the Greater Charlotte Apartment Association on Friday, where about two dozen candidates for Charlotte City Council turned out to learn some of the basics on a complicated subject. “ Affordable housing is one of the topics you’ll talk about a lot,” Bryan Holladay, who supervises the group’s government affairs outreach , told the candidates. The subject is an alphabet soup of acronyms (like NOAH, or “ Naturally Occurring Affordable Housing ”) and overlapping terms and definitions. Sometimes when people say “ affordable housing ” they mean go...

Survey: Broward has Florida’s 5 priciest cities for rental apartments The survey by RENTCafé ranked Miramar as the state's most expensive rental market August 19, 2017 02:00PM Aerial view of Broward County (Credit: Francisco Azola) Led by Miramar, Broward County has the five most expensive rental apartment markets in Florida, according to a survey by RENTCafé, a national apartment -search website. The average monthly rent for a Miramar apartment was $1,800 in July, a 3.2 percent increase from July 2016, RENTCafé reported. RENTCafé surveyed apartment buildings with at least 50 units. The survey excluded houses and condominiums on the rental market. Adrian Rosenberg, a spokesman for the website, told the Sun-Sentinel that Miramar rents reflect a large stock of high- end apartment buildings in the southwest Broward County suburb , where developers have opened 1,500 new apartments since 2013. RENTCafé found that the average apartment rent in Fort Lauderdale ranked second amo...