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The Latest Breaking News on Real Estate

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

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

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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

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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

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

Caixin Global

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 Independent 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

The Guardian - UK

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.

AAP

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.

International Business Times

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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

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news in one place.

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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

Evening Standard

What is the 'grey belt' and what are Labour's housing plans for it?

Angela Rayner says the plans ‘won’t be without controversy’ but will make housing more affordable

Evening Standard

London borough warns it faces bankruptcy over housing costs as government announces building programme

Newham town hall is facing “considerable financial pressures” over its temporary accommodation bills

Evening Standard

Taylor Wimpey CEO backs "ambitious" government house building targets as profit falls before interest rate cut

Jennie Daly stands by the FTSE 100 firm’s pledge to build 10,000 homes this year

Evening Standard

London first-time buyers: 'We had to cross the river to get on the property ladder'

A Londoner’s loyalty to their patch can crumble when it comes to house hunting, reports Santander

The Guardian - UK

Taylor Wimpey says Labour’s planning changes ‘important early step’ for more homes

Housebuilder welcomes shake-up of planning rules as it reports half-year profits fell by nearly 60% to £99.7m

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