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The Latest Breaking News on Real Estate

High rental costs fuel loneliness among older Londoners, data reveals

'An already critical situation is on the verge of getting much worse', the National Housing Federation warns

Evening Standard

Housing ‘disgrace’ as number of families in temporary accommodation hits record high

Nearly 140,000 children are living in temporary homes

The Independent UK

Eurozone inflation falls to within striking distance of 2% target

November’s figures fuel speculation about timing ECB interest rate cut as concerns grow about national finances

The Guardian - UK

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Six times more newly homeless families than new social houses, England data shows

Councils forced to put people in expensive temporary accommodation as only 8,386 social homes built in 2022-23

The Guardian - UK

UK house sales tumbled by a fifth in October, HMRC says

Across the UK, an estimated 82,910 house sales took place in October, which was also 3% lower than September.

The Independent UK

Inflation in Europe falls to 2.4%. It shows interest rates are packing a punch

Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years

The Independent UK

Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

AAP

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Donald Trump biopic: Sebastian Stan, Jeremy Strong and Maria Bakalova cast in The Apprentice

Stan, who recently played Tommy Lee in Pam & Tommy, will play the former US president in new film, joined by Strong as Roy Cohn and Bakalova as Ivana Trump

The Guardian - AU

Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak

Federal treasurer downplays prospect of posting a second successive budget surplus

The Guardian - AU

CHA’s $50 million plan to renovate scattered site housing is a step in the right direction

The CHA could start to fix its poor track record on providing enough affordable housing for Chicagoans in need. The CHA’s board should approve the funding.

Chicago Sun-Times

Sadiq Khan urges Government action to fix London's damp and mouldy flats

The mayor said councils still do not have enough powers to punish London's worst landlords

Evening Standard

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

Kiplinger

Gove’s leasehold reform bill does not ban leaseholds on new-build houses

Rush to write legislation means clauses to ban the leaseholds will be added via amendments

The Guardian - UK

'Poor, poor planning': council wants sit down on major housing estate

There's concern future residents will pay the price.

Newcastle Herald

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Kiplinger

Homebuyer Demand Softens Despite Lower Rates

Homebuyers continue to hold out for lower rates and more listings, economist says.

The Guardian - AU

Economic data shows households are feeling the pinch. But will the RBA stop raising rates?

Inflation is set to drop back to under 3% growth by this time next year – if it weren’t for the stage-three tax cuts, that is

The National (Scotland)

See the Scottish streets named among the 50 best places to live in the UK

SIX Scottish streets have been praised in a new list looking at some of the best places to live in the UK.

International Business Times

Austrian Property Tycoon's Signa To File For Insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

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news in one place.

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Evening Standard

Homeowners told not to expect interest rate cut until 2025 as mortgage squeeze goes on

Leading economists at the OECD also stressed the UK would have the second slowest GDP growth of the G7 group of wealthy nations

The Texas Tribune

Despite strong economy, Texas cities grapple with excess office space

As remote and hybrid working become the new normal, major Texas cities are facing a decline in office tenants. It’s too soon to tell what that means for the vitality of downtowns.

The Independent UK

UK mortgage approvals increase after interest rates held at 5.25%

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.

The Independent UK

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

Evening Standard

Government reveals plan for 350 new rough sleeper homes in London

The announcement comes amid a record-high number of people recorded sleeping on the capital's streets

Newcastle Herald

Croudace Bay sale tops suburb record

The previous record sale for a house in Croudace Bay was $1.525m.

AAP

'Deplorable' scammer duped prospective renters

Police are appealing for help to find a man they allege falsely advertised short-stay accommodation for lease before taking money from prospective renters.

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