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The Latest Breaking News on Real Estate

Witness at Sen. Bob Menendez's bribery trial says meat-export monopoly made costs soar

A witness at Sen. Bob Menendez's bribery trial says the cost of certifying that meat sent to Egypt follows Islamic dietary requirements skyrocketed after a single U.S. company was given a monopoly in a cozy deal prosecutors say Menendez arranged

The Independent UK

Austin enacts sweeping reforms to cut down housing costs

City leaders and advocates hope reducing the size of lots used to build homes will increase housing supply.

The Texas Tribune

'I'm disgusted': premier lashes pro-Palestine activists

Prime Minister Anthony Albanese and Premier Jacinta Allan's speeches to the Victorian Labor faithful have been overshadowed by pro-Palestine protesters.

AAP

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Urgent warning over council house scam on social media: Tech & Science Daily podcast

The Standard’s Chief Political Correspondent, Rachael Burford, tells Tech Science Daily how a warning has been issued over a council house scam on social media, which has seen victims hand over thousands of pounds to secure social housing that doesn’t exist.

Evening Standard

China to cut mortgage rates as part of plan to prop up property market

Local authorities will be allowed to turn unsold homes from developers into affordable housing

The Guardian - UK

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Opposition groups in Serbia are planning protests against a real estate development project that will be financed by the firm of Donald Trump’s son-in-law, Jared Kushner, at the site of the former Serbian army headquarters destroyed in a U.S.-led NATO bombing campaign in 1999

The Independent UK

China Says Could Buy Up Commercial Housing To Boost Property Market

A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.

International Business Times

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China is expected to announce new measures to fix its property crisis, spur growth

China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April

The Independent UK

Chinese Officials Meet To Mull Support For Developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

International Business Times

Chalmers says Dutton’s budget reply lacks economic credibility – as it happened

Treasurer accuses opposition leader of failing to explain how he would pay for suite of measures

The Guardian - AU

Denser housing can be greener too – here’s how NZ can build better for biodiversity

Cities across Aotearoa New Zealand are trying to solve a housing crisis, with increasing residential density a key solution. But not everyone is happy about the resulting loss of natural habitats and biodiversity.

The Conversation

Rental vacancies ease as political housing brawl stirs

A small lift in vacancy rates offers a ray of sunlight for renters as challenges in the housing market become a sharper focus for the major political parties.

AAP

So Scotland has declared a housing emergency. Now what?

This is a pan-European crisis.

The National (Scotland)

Bailiff evictions of renting households at six-year high, says MoJ

Protesters call for rent controls as 2,682 households evicted in first quarter of 2024 in England and Wales

The Guardian - UK

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The Conversation

Grattan on Friday: Peter Dutton’s alternative – lower migration, more homes, and a populist swipe at billionaires

When he was opposition leader, Bill Shorten faced Coalition criticism for attacking “the top end of town”, a phrase he used in his 2019 budget reply.

Kiplinger

As Florida Condo Prices Fall, What’s a Condo Seller to Do?

Mandates that associations have adequate reserve funds for maintenance and repairs mean older buildings could be retired to make way for new development.

Newcastle Herald

Plan for affordable housing levy on new housing progresses

The plan has received gateway approval

The Independent UK

Australian PM defends evicting reluctant tenant from his Sydney home

Tenant asks Anthony Albanese to be considerate during cost of living crisis

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Newcastle Herald

Iris Capital's $145m EastEnd plan rejected over view, parking impacts

The developer can ask for a review or change its plans.

The National (Scotland)

Scottish Parliament declares nationwide housing emergency

THE Scottish Parliament has declared a nationwide housing emergency as opposition MSPs pushed for a coherent plan to address the situation.

The Guardian - UK

Rachel Reeves should be brave and stop blaming the economy

Letters: There are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economics

The Guardian - UK

Landlords selling up leaving 2,000 households a month in England facing homelessness

Four in 10 households seeking council help say it is because property is being sold, amid renting reform delays

Evening Standard

Sales at Chelsea Barracks pass £1.2 bn mark with 9 Mulberry Square completion

Sales at the Chelsea Barracks luxury housing scheme in Belgravia have passed the £1.2 billion mark as the Qatari owned developers complete the latest building, 9 Mulberry Square.

AAP

Budget leaves helpless renters to 'rot in housing hell'

Housing affordability crisis will not be solved by the federal government's inadequate increase to rent assistance and construction incentives, critics say.

Evening Standard

Plan for new Greenwich tower blocks with 564 homes opposed because 'they're too tall'

Plans for a new set of tower blocks up to 35 storeys tall have been outlined for East Greenwich. The project would see 564 new homes being built on Telcon Way, 33 per cent of which would be ‘affordable’.

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