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The Latest Breaking News on Real Estate

UK mortgage rules could be eased to increase growth

FCA also aims to change law to try to prevent a repeat of mass compensation schemes for consumers such as PPI

The Guardian - UK

Unionists slated for turning down SNP's 'ambitious' Edinburgh tourist tax plan

UNIONIST councillors in Edinburgh have turned down “ambitious” SNP proposals for a 7 tourist tax which would have seen £20 million a year put…

The National (Scotland)

Mortgage and contactless rules could be shaken up under FCA plans

The plans outlined by the regulator could help homebuyers to secure a property.

The Independent UK

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Residents 'left to rot' next to boarded-up houses as Clockwork Orange estate regeneration stalled

Around a quarter of residents are left living on the Lesnes Estate in Thamesmead

Evening Standard

Reeves urges regulators to ease mortgage rules for first time buyers

Chancellor reportedly open to relaxing lending rules in bid to boost growth

The Independent UK

England’s renters are about to gain more rights, but until then landlords may exploit weak regulation even more cruelly

There are fears that landlords will capitalise on the last remaining no-fault evictions before the new scheme comes into effect, says Nick Bano, a barrister specialising in renters’ rights

The Guardian - UK

The pitfalls to avoid when buying a home with a friend

An expert explains the potential benefits and downsides to think about.

The Independent UK

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Pakistani court sentences ex-PM Imran Khan and his wife to 14 and 7 years in prison in graft case

A defense lawyer says a Pakistani court has sentenced the country’s already-imprisoned former Prime Minister Imran Khan and his wife to 14 and seven years in jail after finding them guilty of corruption

The Independent UK

Greens housing crusade fails to sway most tenant voters

Renters are more likely to support Labor or Liberal than the Greens despite the minor party running hard on issues faced by tenants, fresh polling shows.

AAP

FTC sues Greystar, saying the property manager used hidden fees to swindle renters out of millions

The U.S. Federal Trade Commission has filed a lawsuit accusing property management company Greystar of swindling renters across the country out of at least $100 million using hidden fees

The Independent UK

Villagers win battle against developers building footpath through estate

Residents in a Scottish village have won their battle to stop developers putting a path through their quiet cul de sac

The National (Scotland)

Three London students in 'danger to health' cold and mouldy flat win £20,000 rent back from landlord

A residential property tribunal ruled in their favour after they sought a rent repayment order in the row over a £1.2 million flat near Hyde Park in west London

Evening Standard

Don’t Move, Improve 2025: the 14 London homes adding design oomph to the everyday

The shortlist for Don’t Move, Improve 2025 has been announced, revealing 14 residential projects across London that add value and pizazz to their inhabitants’ daily lives

Wallpaper

Interest rates 'to be cut within weeks' as weak GDP figures deal new blow to Labour Chancellor Rachel Reeves

The Bank of England’s Monetary Policy Committee is expected to cut interest rates in early February

Evening Standard

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International Business Times

Chinese Give Guarded Welcome To Spending Subsidies

Beijing is hoping subsidies for rice cookers, microwave ovens and smartphones can boost sluggish spending and help the country weather an economic storm from incoming US president Donald Trump.

The Guardian - UK

A 100% tax on Brits buying homes in Spain sounds satisfying – but it won’t solve our housing crisis

Making visitors pay more may bolster Treasury revenues, but it’s no match for building more houses, writes Spanish journalist María Ramírez

The Guardian - AU

Facing the demolition of her Melbourne home, Ella gets a new flat – in another tower slated for destruction

Scores of public housing tenants are saying no to moving into buildings the state government plans to replace

The Guardian - UK

Sunbury-on-Thames sees biggest house price rise in UK in 2024

Surrey town saw 12.5% increase in asking prices last year with rest of UK rising just 1.4%, according to Rightmove

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news in one place.

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The Independent UK

House sales, prices and buyer inquiries increased in December – surveyors

Signals around housing market expectations for the next 12 months ‘remain solidly positive for now,’ surveyors reported.

International Business Times

Survivors Count The Mental Cost Of Los Angeles Fires

When the Pacific Palisades neighborhood of Los Angeles went up in smoke, Alexander Swedelson lost his apartment, but also a bit of his identity: the flames ravaged the businesses he loved, the trails he ran, and even the place he fished.

The Independent UK

NY federal judge denies bail for two real estate brokers and their brother in sex trafficking case

A federal judge in New York City says two luxury real estate brokers and their brother accused of raping dozens of women over more than a decade will remain in jail to await their trial on sex trafficking charges

The National (Scotland)

'Housing is a human right': MSPs back tax increase on second homes in Scotland

THE Scottish Parliament has backed an increase to the tax paid when buying second and holiday homes, in an effort to raise more than £30 million…

Reason

Gavin Newsom Prohibits Offering To Buy People's Property

The California governor is using state of emergency powers to make unsolicited offers to buy people's property in fire-affected areas "for an amount less than the fair market value."

Latin Times

Prosecutors Discover Damning Video Footage of Florida Brothers Accused of Serial Rape

Federal prosecutors say recently found videos and pictures support sex trafficking charges against the Alexander brothers and show the manipulation of women's bodies for the purposes of sex.

The Guardian - UK

‘Criminally reckless’: why LA’s urban sprawl made wildfires inevitable – and how it should rebuild

A century of foolhardy development, including public subsidies for rebuilding in the firebelt, hugely contributed to this tragedy, writes our architecture critic. LA must rethink – and build upwards not outwards

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