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The Latest Breaking News on Real Estate

Budget blues in the most populous state as rates weigh

Government finances are wobbling in Australia's most populous state as stubbornly high interest rates weigh on home building and consumer spending.

AAP

‘Vital cash injection’ to tackle and prevent homelessness welcomed

Housing Secretary Angela Rayner described the funding as ‘historic’.

The Independent UK

Tenants Sue Landlord and Win. Court Accidentally Hands Money to Landlord: 'Pure Madness'

A legal victory against their landlord has left a Sussex couple feeling defeated after the court mistakenly paid their £90,000 to the person they were suing.

Latin Times

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North Carolina Passes Sweeping Surprise Ban on 'Downzoning'

To the bewilderment of many, North Carolina's hurricane relief bill includes the nation's strongest property rights protections against new zoning restrictions.

Reason

Peckham redevelopment scheme sees affordable housing numbers slashed

The percentage of affordable housing planned for the site by Rye Lane would shrink to 12 per cent

Evening Standard

How Ramshackle Housing Made Mayotte Vulnerable To Cyclone Assault

The dismal quality of housing across Mayotte has compounded the devastating impact of Cyclone Chido on the poverty-stricken French Indian Ocean territory where hundreds, or maybe thousands, are feared dead.

International Business Times

Australians making record $295,000 median profit on home sales, report shows

Brisbane the most profitable city in September quarter while Melbourne the only capital city market to record more loss-making sales

The Guardian - AU

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Surge in wages means beleaguered borrowers must wait for interest rates cut

Pay packets are now growing at 5.2 per cent, up from 4.9 per cent three months ago

The Independent UK

One in 10 temporary properties lying empty amid housing crisis, figures show

ONE in 10 homes used for temporary accommodation in Scotland are lying empty, according to the latest figures ...

The National (Scotland)

Thousands of affordable homes ‘held up by lack of money from providers’

New homes in England and Wales not being built as housing associations face financing issues, research shows

The Guardian - UK

France sends diplomats to Syria to make 'initial contact' with new authorities

A French diplomatic mission will travel to the Syrian capital Damascus this Tuesday to reestablish contact after the fall of Bashar al-Assad, acting Foreign Minister Jean-Noël Barrot said. Likewise, the US, the UK and other countries are investigating how they might normalise relations with the new regime.

Radio France Internationale

NSW fun park must close some rides after court finds them unsafe and in breach of planning laws

The order follows three-year-long legal saga involving the south coast park’s owner and Kiama council

The Guardian - AU

Is the YIMBY Movement Hopelessly Divided?

Internal tensions within the movement are real, but far from irreconcilable. Litigation and political reform are mutually reinforcing, not mutually exclusive pathways to curbing exclusionary zoning.

Reason

UK is ‘wired for old world’ of the 1980s and 1990s, says Kemi Badenoch

The Conservative leader suggested that the UK is ‘regulating ourselves at very high standards’ which ‘puts us at a disadvantage’.

Evening Standard

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Top News

Supreme Court Declines To Review Federal Bribery Charges Against Ex-Lt. Gov.

Supreme Court declines to review federal bribery charges against former NY Lt. Gov. Brian Benjamin, citing lack of explicit quid pro quo and First Amendmen...

Latin Times

Real Estate Platform To Show Neighborhoods' Political Leanings To Prospective Homebuyers

The tool will initially be available in South Florida and New York City

International Business Times UK

Who Are The Alexander Brothers? Luxury Brokers 'Raped And Drugged Women' For Over A Decade

Luxury real estate brothers Tal and Oren Alexander, along with their brother, Alon, were arrested on sex trafficking charges.

The Independent UK

China's economy logs a lackluster performance in November as retail sales slow

China has reported its economy logged a mixed performance in November, with retail sales slowing as consumers refrained from spending on non-essentials like cosmetics, alcohol and jewelry

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The Guardian - UK

Mayors to get powers to stop planning delays in England, Angela Rayner to say

Pledge set out in white paper to be unveiled this week is part of a ‘devolution by default’ approach by Whitehall

The Independent UK

Prime Minister writes message for Christmas edition of the Big Issue

Sir Keir Starmer said too many people will be on the sharp end of the country’s ‘broken’ housing system this Christmas.

The Independent UK

£6,395 drop in average price tag on a home in December

Housing market activity remains substantially stronger than a year ago, paving the way for a Boxing day bounce, Rightmove said.

Latin Times

Florida Real Estate Agent Allegedly Swindled Elderly Couple Out of $1.6 Million in 'Elaborate Scam': 'This is Pure, Pure Evil'

A Florida real estate agent has been arrested for charges related to a scam in which an elderly couple lost their properties and savings.

The Guardian - UK

Labour condemned for allowing ‘new generation of slum homes’ in England

Government accused of permitting a planning ‘free-for-all’ by allowing developers to convert office blocks into flats without the usual controls

The Guardian - UK

Labour plan for 1.5m new homes is not feasible, housebuilding firm says

Head of Barratt Redrow says sector faces ‘national crisis’ due to skills shortage, ageing workforce and Brexit

Evening Standard

Labour’s British building boom not possible, construction authorities say

Asked Labour’s vow to build 1.5 million homes is achievable, Barratt Redrow chief executive David Thomas said: “The short answer is no.”

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