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The Latest Breaking News on Real Estate

Court's Wild Zoning Decision Blocks 'Montana Miracle'

Plus: More local "missing middle" reforms pass in Maine and Virginia, Colorado court blesses crackdown on student housing, and Florida tries to escape its slow growth past.

Reason

Proposal to allot residential plots to elected members unanimously opposed in corporation meeting

Kalaburagi City Corporation unanimously opposes proposal to allot residential plots to corporators, instead focusing on providing housing to the poor.

The Hindu

Super-rich pick flats with private security as sales rise of £15m-plus London homes

Centrally located apartments rather than houses popular with buyers from US, Middle East and China

The Guardian - UK

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The five types of property London homebuyers should avoid in 2024

From new-build one-bed flats to houses in need of major refurbishment, what are the mistakes to avoid in the New Year?

Evening Standard

England’s green belt can’t stay entirely untouched for ever, building design tsar says

Nicholas Boys Smith says we have ‘fallen out of love with the future’ and failed to build enough homes

The Guardian - UK

London leaver heaven: three commuter hotspots for 2024

Some places outside the capital are set to become faster to reach than many journeys within London with journey times as low as 49 minutes

Evening Standard

Large number of 2BHK units unallotted across Telangana

Telangana State Legislature elections impacted by double bedroom housing units allotment; GHMC claims all units allotted, but only 28,012 handed over to beneficiaries.

The Hindu

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Families with single parents at higher risk of eviction in England, says Shelter

Charity says lone-parent households are bearing brunt of housing crisis and that private renting is broken

The Guardian - UK

Office of: Office brings together fun, seriousness and curiosity in architecture

Los Angeles architecture studio Office of: Office tackles serious issues through playfulness and curiosity

Wallpaper

Number of UK first-time buyers in 2023 was lowest in a decade

Figure estimated to be down by a fifth, as rising interest rates and high house prices had impact

The Guardian - UK

First-time buyer numbers ‘were lowest in a decade in 2023’

The number of first-time buyers with a mortgage shrunk by around a fifth last year compared with 2022, Yorkshire Building Society estimated.

The Independent UK

House prices to fall by 3-5pct after flat end to 2023

The Australian housing market ended 2023 on a flat note, despite respectable gains across the year, and are likely to fall going into 2024, experts say.

AAP

Australia’s property market faces fresh peaks and troughs with slowing prices and interest rates tipped to drop

Price trends are unlikely to be straightforward in 2024, even if the RBA’s next move is a rate reduction

The Guardian - AU

China’s many systemic problems dominate its outlook for 2024

Japan’s example 30 years ago shows islands of excellence can combine with deep structural imbalances

The Guardian - UK

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The Hindu

Moulivakkam building tragedy | Madras High Court to hear M.K. Stalin’s 2014 writ petition on January 2

Madras High Court to hear 10-year-old writ petition filed by M.K. Stalin seeking CBI probe into Moulivakkam building collapse tragedy in Chennai.

The Guardian - AU

How Australia’s Mary Donaldson went from commoner to Danish Queen

An unconventional journey from Australia’s middle class to European royalty began in an unremarkable bar in Sydney in 2000

The Guardian - UK

Grenfell families ‘left in limbo’ lash out at delays to decision on demolition

Residents say ministers have wasted six years and ‘dodged’ making plan for tower since fire claimed 72 lives

The Guardian - UK

Tenants left living in squalor in Britain as landlords escape heavy fines

Exclusive: housing association payouts over failures to fix life-threatening mould and damp average only £445

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news in one place.

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The Independent UK

Squeeze on home buyers’ budgets set to continue into 2024, say experts

But potential cuts to interest rates, as well as lower house prices in some locations, could provide house hunters with new opportunities.

The Guardian - UK

UK property market: what will happen to house prices and mortgage rates in 2024?

Whether you are a first-time buyer or remortaging, we look at what the new year could bring

The Hindu

Jharkhand government receives 58 lakh applications for various schemes

“More than 57.52 lakh applications were received during the third leg of the Jharkhand government’s ambitious outreach programme,” an official said on December 30.

Evening Standard

London house prices mapped: how much has the value of your home changed in 2023?

Data from Hamptons and the ONS shows where house prices have risen —and fallen— this year. How did your borough fare?

StockNews.com

3 Gaining Homebuilder Stocks to Buy in January 2024

Despite high-interest rates, the homebuilder industry is performing well due to growing housing demand. With the Fed's expected interest rate cuts rates next year potentially boosting housing demand, fundamentally strong homebuilder stocks Taylor Morrison Home (TMHC), Hovnanian Enterprises (HOV), and M/I Homes (MHO) could be solid portfolio additions now. Read…

The Independent UK

House prices end year 1.8% lower as East Anglia faced biggest drop in UK

Average house prices in England down 2.9 per cent on last year

The Guardian - UK

Property hotspots: top 10 places in Great Britain experts say are in demand

From a suburb of Dover in Kent to the outskirts of Glasgow, here’s where estate agents say buyers are searching

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