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The Latest Breaking News on Real Estate

China Unveils Fiscal Stimulus Targeting Property Market, Local Government Debt

The measures include buying land and housing from developers, as well as help for localities to deal with their off-the-books borrowings

Caixin Global

Campaign to save east London mechanic who faces eviction after falling £112k behind on rent

Len Maloney of JC Motors says his rent has become unaffordable, after it was more than doubled in the years leading up to the pandemic

Evening Standard

Is action to help families ‘right size’ the way to boost housing supply?

The bank said that initiatives could help to support people to ‘right-size’ into accommodation that suits their needs.

Evening Standard

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New calls to tackle a 'rental affordability emergency'

The London Renters Union has joined forces with other organisations to send an open letter to Angela Rayner.

Evening Standard

Santander withdraws its cheapest mortgage deals in sign price war may be over

Move follows a sharp rise in gilt yields over the past month on Budget borrowing fears

Evening Standard

‘Many households still struggling’ as lenders report rise in mortgage defaults

A finance expert said that a Bank of England survey of lenders suggests that many households are still struggling in the current environment.

Evening Standard

Councillor who oversaw Grenfell works donated to Badenoch’s Tory leadership bid

Survivor of blaze which killed 72 ‘disgusted’ Quentin Marshall gave £5,000 to candidate promoting deregulation

The Guardian - UK

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Things are looking up for Newcastle's city skyline

Six towers are set to transform the precinct

Newcastle Herald

Rogue landlord told to pay £400,000 over illegal property conversion

Westminster City Council prosecuted the rogue landlord after planning permission was not obtained

Evening Standard

Property market eases past $11 trillion, investors busy

Australian homes are worth more than ever but the annual pace of growth has slowed rapidly in the past three months.

AAP

Falling mortgage rates may be prompting more homeowners to sell, boosting inventory for buyers

The recent pullback in mortgage rates and expectations of further easing next year may be motivating more U.S. homeowners to list their home for sale

The Independent UK

Portugal proposes decade of tax breaks for young people to stem brain drain

Measure government says will help up to 400,000 people included in budget after negotiations with opposition Socialists

The Guardian - UK

Ministers urged to introduce rent caps to tackle housing crisis in England

Exclusive: Letter from union leaders and renters’ groups urges government to tackle root cause of unaffordable rents

The Guardian - UK

UK borrowing costs hit three-month high amid ‘buyers’ strike’ fears; US inflation dips to 2.4% as jobless claims jump – as it happened

Yield on 10-year UK government debt hits highest since early July, while inflation has eased in the US

The Guardian - UK

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AAP

Extra crisis homes needed in family violence 'hotspot'

More housing and crisis accommodation is needed for survivors of family violence in a remote and regional area dubbed a "hotspot".

The Independent UK

House prices are rising across the UK for the first time in two years

Zoopla said the average UK home now costs around £300 per square foot

The Conversation

No savings? No plans? No Great Australian Dream. How housing is reshaping young people’s lives

Australia’s housing crisis is dramatically reshaping the lives and hopes of young people, highlighted in a new report launched today in Canberra as part of World Homeless Day.

The Independent UK

What Labour’s Renters’ Rights Bill means for UK tenants

Angela Rayner has said she is “determined” to get Labour’s plans into law

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StockNews.com

3 Healthcare REITs Offering Growth and Income Potential

The combination of demographic trends, increasing healthcare needs, and stable revenue structures makes the healthcare REITs industry poised for robust growth. Therefore, it could be wise to explore investments in robust REITs such as Ventas (VTR), Omega Healthcare Investors (OHI), and National Health Investors (NHI). Keep reading….

StockNews.com

2 Home Improvement Stocks Hammering Big Gains

The home improvement industry is poised for significant growth, fueled by increasing demand for energy-efficient upgrades and smart home technology. Amid this backdrop, buying promising home improvement stocks Haverty Furniture Companies (HVT) and Tile Shop Holdings (TTSH) could be wise. Continue reading….

The Guardian - UK

Ministers accused of ‘dawdling’ over leasehold changes in England and Wales

Residents groups call for passing of secondary legislation for Leasehold Reform Act as promised in king’s speech

The Guardian - UK

Massive rent hikes, dodgy landlords – unlike many MPs, I know what renting is like. We have to fix it

Landlords have long had too much sway in parliament. Tenants’ rights must be strengthened as a matter of urgency, says MP Chris Curtis

AAP

Son jailed for mum's murder believes it was justified

Paul Cohrs has been jailed for 30 years for murdering his mother after fatally shooting his brother in a different state over a family business feud.

The Conversation

Building companies feel they must sacrifice quality for profits, but it doesn’t have to be this way

The Australian construction industry has long been facing a crisis of serious defects in apartment buildings. In the past, alarming incidents such as the Sydney Opal Tower evacuation and the Melbourne Lacrosse fire signalled systemic problems in construction.

AAP

Falling apprentice numbers a worry for housing targets

Lacklustre trade apprenticeship numbers do not bode well for an industry short of the manpower to meet national home-building targets.

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