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The Latest Breaking News on Real Estate

UK house prices rise for first time in more than a year as mortgage costs drop

Average cost of a home increased to £260,420 in February, up by 1.2% on a year earlier, says Nationwide

The Guardian - UK

House prices rise for first time in over a year says Nationwide

Improved affordability of mortgages helps, but rates on mortgages are creeping higher into the Budget next week

Evening Standard

UK interest rate cut ‘remains some way off’ says Bank of England chief economist – as it happened

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

The Guardian - UK

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Terrace with Newcastle Baths on its doorstep listed for $7.25m to $7.95m

'You get the ocean view from every single room in the house'.

Newcastle Herald

NZ PM Luxon U-Turns over $52k accommodation handout

New Zealand Prime Minister Chris Luxon has pledged to pay taxpayers back $13,000 after outrage at him claiming an allowance to stay in his own apartment.

AAP

Nineteen English councils handed multimillion-pound bailout agreements

So-called capitalisation directions are risky and regarded as poor accounting practice, experts say

The Guardian - UK

Newcastle councillor says 'great work' by council 'never trumpeted'

The comments came amid a heated discussion about the quarterly budget

Newcastle Herald

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BBMP must issue notice to owners prior to reopening property tax returns for scrutiny: Karnataka High Court

High Court of Karnataka mandates BBMP to issue prior notice for reopening property tax returns under SAS.

The Hindu

Scrapping non-dom tax status would damage the "international allure" of London's property market, warn agents

London’s prime property market could see an exodus of overseas investors if they are made to “feel unwelcome”

Evening Standard

Cut Your Wealth Transfer Taxes With a Family Limited Partnership

This estate planning tool facilitates tax-efficient wealth transfer, asset protection, legacy preservation and more.

Kiplinger

Spring Budget 2024: who’ll be the housing winners and losers in the election year?

Mortgages, stamp duty and rent reform could all figure in Jeremy Hunt’s statement

Evening Standard

UK property sales forecast to rise by 10% as buyers and sellers return

Data from online property company Zoopla showed the housing market is on track to reach 1.1m transactions across this year

The Guardian - UK

London sees 16% uptick in number of homes sold as market bounces back, reports Zoopla

The property portal forecast that there will be 10 per cent more homes sold in 2024 than last year

Evening Standard

When my parents went into aged care, I helped clear out my childhood home – and realised I need to live lighter

After sifting through monuments of childhood, Margaret McNally realised it was time to confront her own belongings – and those of her late husband

The Guardian - AU

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The Guardian - UK

Millennials on course to become ‘richest generation in history’

Generational transfer of wealth largely built up in property will amount to $90tn in US alone, report says

The Guardian - UK

The ‘launderette family’ fighting to save a community space in east London

Residents were shocked when Tower Hamlets council shuttered a much-loved resource in the gentrifying area

Evening Standard

Taylor Wimpey points to signs of spring in the house market after 2023 slowdown

Profits fall and shares follow but the FTSE 100 developer stays upbeat

Evening Standard

London councils spending £90m each month on homeless accommodation

More than 175,000 Londoners are thought to be homeless and living in temporary accommodation

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AAP

Escape to the country cools off as cost of living bites

Internal migration has dropped as fewer people make the move between the cities and the regions, but those who are escaping the rat race are going to the coast.

Evening Standard

Nationwide becomes the latest mortgage lender to up home loan costs

More ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week

Kiplinger

Seven Costs Landlords Underestimate When Setting Expectations

Many landlords might expect their real estate investment properties to rake in a return on investment of 8% to 10%, but often it’s actually 1% to 2%.

WEKU

Donald Trump appeals $454 million judgment in New York civil fraud case

The former president's lawyers filed notices of appeal Monday asking the state's mid-level appeals court to overturn the Feb. 16 verdict and reverse penalties that threaten Trump's cash reserves.

The Guardian - UK

Anti-leasehold bill contains loopholes for developers, say campaigners

Clauses in Michael Gove’s bill include exemptions for properties in a retirement village or on land where a lease has already been granted

Newcastle Herald

'Difficult' decision on 120-lot estate swings in developer's favour

All 26 public submissions objected to the proposal.

Newcastle Herald

Hunter Means Business: Is the fast-track plan set to be derailed?

NSW will aim to build 377,000 new dwellings by 2029.

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