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The Latest Breaking News on Real Estate

Property giant warns ministers of the real cost of achieving housing targets

Exclusive: Boss of Berkeley Group calls for more money to be invested in housebuilding – and less diverted to potholes – as he reveals he is buying land for the first time in two and a half years

The Independent UK

Labour’s ‘grey belt’ plans could result in isolated communities, warns leading architect

Exclusive: Muyiwa Oki, president of the RIBA, says new estates must be high quality and have access to shops, schools, transport and green space

The Guardian - UK

Katie Price's Mucky Mansion goes on sale for £1.5million as star shares warning to potential buyers

The former glamour model was evicted from the property in Horsham, West Sussex in May amid escalating financial and legal issues

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

First-time buyers driving mortgage demand as costs trickle down, Skipton says

The property group also said more savers were shopping around for better rates and locking away their money into ISAs.

The Independent UK

Wait, My Homeowners Insurance Limits What?

You might be surprised by the limits on what your homeowners policy covers, but there’s a reason for that, and there’s also something you can do about it.

Kiplinger

Housing targets cut for Cabinet members’ constituencies despite push for 370,000 new homes

Angela Rayner unveiled a major overhaul of the planning system last week, which will see all councils in England given new, mandatory housing targets

The Independent UK

You be the judge: should my boyfriend let the neighbours have keys to our garden?

Phil thinks sharing the back garden is a good way to get to know the neighbours, but Patricia wants to keep it private. You decide who’s on dodgy groundFind out how to get a disagreement settled or become a juror

The Guardian - UK

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3 Retail REITs to Buy for E-Commerce Growth

Amid wide potential for e-commerce growth and rapid technological advancements, retail REITs could be ideal investment choices for reliability, regular passive income, and stability. Therefore, it could be wise to invest in top retail REITs Alexander's, Inc. (ALX), EPR Properties (EPR), and Simon Property Group, Inc. (SPG) for future gains.…

StockNews.com

Demolition of Glasgow tower blocks can go ahead after court ruling

The demolition of four Glasgow tower blocks will go ahead.

The National (Scotland)

London house prices £21,000 higher over five years after lagging behind England new homes rate, say economists

‘London is the only region where population growth significantly outpaced growth in housing supply,’ said the Institute for Fiscal Studies

Evening Standard

Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

Relief for borrowers as UK interest rates cut but little sign big reductions to come

Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%

The Guardian - UK

Bank of England cuts interest rates to 5% in first reduction since March 2020

Committee votes by five votes to four in favour of cut as governor says inflationary pressures have eased enough

The Guardian - UK

UK house prices rise at fastest rate in 18 months, Nationwide reports

Annual growth rate was 2.1% in July but building society says high mortgage rates still pose challenges

The Guardian - UK

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news in one place.

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Caixin Global

Weekly Must-Read: ‘Exorbitant’ Fines Land Temu in Hot Water With Chinese Merchants

Hundreds gathered outside Temu’s Guangzhou offices to voice anger at the platform’s increasing levying of penalties for product defects without providing evidence

The Independent UK

Annual house price growth reaches fastest rate since December 2022

Nationwide Building Society said UK house prices rose 0.3% month-on-month in July.

The Guardian - UK

Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

AAP

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

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news in one place.

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International Business Times

Bank Of England To Finally Cut Interest Rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

The Independent UK

The most and least expensive seaside locations to buy a house revealed

The rich do like to be beside the seaside

Newcastle Herald

Odour and gas concerns scuttle proposal to build 180 homes at Fletcher

EPA raises concerns about impact of odours on future residents.

The Guardian - UK

Bank of England braced for knife-edge interest rate decision

Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday

The Guardian - AU

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

The Guardian - AU

Australians are struggling to make ends meet. This is not an economy in need of more rate rises

Inflation has risen again – but not because we’re splashing out on new clothes or fancy dinners

The Guardian - UK

Planning changes will not mean ‘load of ugly houses’, says Rayner

Deputy PM promises more GP surgeries, roads and schools as she unveils England’s housebuilding targets

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