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The Latest Breaking News on Real Estate

Volkswagen considering German plant closures and job cuts; UK factories report fastest growth in over two years – as it happened

German carmaker VW may make historic German plant closures in cost-cutting drive

The Guardian - UK

Hundreds of SNP members back call to stick to rent controls pledge

A TENANTS’ union says more than 200 SNP members have joined its call for the First Minister to follow through on introducing rent controls ...

The National (Scotland)

Aussie shares rebound, rise to just under all-time high

After being down as much as 0.8 per cent in early trading, the ASX200 moved into positive territory in afternoon trading to finish up 0.2 per cent

AAP

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‘Potential loss of faith in idea of homeownership’ among 35 to 54-year-olds

Some 59% of non-homeowners in this age bracket were unsure if they would ever own a home or were not planning to buy one at all, a survey found.

The Independent UK

Morning Mail: Greens spruik rental watchdog plan, far-right gains in Germany, the rise of sexual choking

New body could give tenants more power in landlord disputes; tensions over Gaza war escalate in Israel; choking during sex now common among under-35s

The Guardian - AU

Economy 'nowhere near recessionary' despite predictions

Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.

AAP

Greens appeal to renters with regulator that could fine real estate agencies

Creating a national renters protection authority is one of several policies party is taking to election as possible kingmakers in a hung parliament

The Guardian - AU

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Seven years after Grenfell disaster, thousands live in fear of cladding fire

As the final report on the fatal London blaze looms, many developers have not begun safety work

The Guardian - UK

‘Less money for health and education’: Albanese slams Coalition threat to cut GST unless states build housing

The opposition is yet to announce a policy that would create more housing supply, while the Greens put Airbnb in their sights

The Guardian - AU

Discover Spacecraft Architects’ inventive response to a residential puzzle in New Zealand

Spacecraft Architects, a young New Zealand practice, joins the ranks of the Wallpaper* Architects Directory 2024; explore its Block Party residential complex

Wallpaper

Funding block flagged for states failing to build homes

Leveraging Commonwealth payments to states if they fail to tackle housing supply is under consideration.

AAP

Trump film 'The Apprentice' finds distributor, will open before election

After struggling to drum up interest following its Cannes Film Festival premiere, the young Donald Trump drama “The Apprentice,” starring Sebastian Stan as the former president, has found a distributor that plans to release the film shortly before the election in November

The Independent UK

10 things that devalue London property, from being too close to Tube stations to Japanese Knotweed

What you need to look out for if you’re planning to buy or sell a home in the city

Evening Standard

Can Willesden turn from ugly duckling suburb into a swan?

Two new major developments could mean Willesden’s time has finally come...

Evening Standard

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The Independent UK

Mortgage approvals for house purchase jump to highest levels since mini-budget

The Bank of England recorded 62,000 approvals in July – the highest total since September 2022.

The Independent UK

Annual UK house price growth increases at fastest rate since 2022

The average home now costs £6,222 more year-on-year, according to new Nationwide figures

The Conversation

Politics with Michelle Grattan: Reserve Bank’s Andrew Hauser says don’t read too much for Australia from US rates message

Inflation remains top of mind as the Reserve Bank of Australia continues to keep interest rates on hold at a time when the United States Federal Reserve signals that it will start cutting rates.

The Independent UK

Annual house price growth picked up in August, says Nationwide

Average prices were 2.4% higher year-on-year, up from 2.1% in July and the fastest pace since December 2022, the building society said.

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news in one place.

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Evening Standard

House prices rose at their fastest annual rate since 2022 in August says Nationwide

Prices still stand around 3% below the all-time highs seen just before Liz Truss’s mini-Budget

The Guardian - UK

Lloyds Bank raises borrowing limit for first-time buyers

Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

International Business Times

New Treasury Regulations Target Money Laundering Through Real Estate Deals

The new regulations are part of President Joe Biden's administration's goal to prevent laundered money from flowing through the U.S. financial system.

Kiplinger

1031 Exchanges vs Opportunity Zones: Which Has the Edge?

In the world of tax-advantaged real estate investing in 2024, which of these financial gladiators offers better tax benefits and investment potential?

Latin Times

NYC's 'City of Yes' housing proposal scores key endorsement but still faces strong opposition

Queens Borough President offered his "conditional support" for citywide zoning reform despite the opposition of community boards

The Independent UK

New US rules try to make it harder for criminals to launder money by paying cash for homes

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

Latin Times

Texas needs hundreds of thousands of new homes to lower soaring costs, comptroller warns

Comptroller report highlights the challenges Texas faces, including rapidly escalating home prices and a severe shortage of available housing.

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