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The Latest Breaking News on Real Estate

London houses still selling for £19,500 below asking price but market is springing back

The average price of a house sold in London currently stands at £534,000, reports Zoopla

Evening Standard

Leasehold Reform Bill is only "baby steps" towards relieving the pain of leaseholders

Leasehold will still exist on flats and the decision on capping ground rents at close to zero has yet to be made

Evening Standard

Our lack of affordable, safe housing is a national crisis. Here are three things Labour can do to fix it

If it gets to No 10, the party should fund a social housing boom, tackle homelessness – and usher in a post-Grenfell era of safety, says author Peter Apps

The Guardian - UK

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read the most diverse news in one place.

The Connecticut residents holding a rent strike amid lead poisoning crisis

They thought their redeveloped 19th-century building was safe – but after learning it still contained toxic levels of lead, they formed a tenants union

The Guardian - US

London's housing market is finally bouncing back — here's how to make it work for you

From boomerang buyers to zone changers, London’s property market is finally on the move once more

Evening Standard

Prices of under-construction projects increase 30.6% YoY across top 13 cities: Magicbricks Propindex report (Jan-March 2024)

In 2023, residential prices increased consistently, making relatively affordable under-construction properties more attractive for investment and home ownership, reveals the latest PropIndex report by Magicbricks, a real estate platform.

The Hindu

Squatters' Rights Laws Violate the Takings Clause

Where these laws allow squatters to occupy houses without the owner's consent, they qualify as takings of private property that require payment of compensation under the Fifth Amendment.

Reason

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YMCA: 'housing crisis will continue plaguing young people unless government makes changes'

Small organisations attempting to build affordable homes are struggling to find funding under the current system, warns report

Evening Standard

Swiss Re Warns Insured Disaster Losses Could Double In A Decade

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.

International Business Times

Stewart: Trump fraud no victimless crime

"It was all a part of a very sophisticated real estate practice known as lying," Stewart quipped

Salon

Bank of England’s Mann says markets pricing in too many interest rate cuts this year

The Monetary Policy Committee’s biggest hawk warned that investors are still “too complacent” in betting on a rapid series of rate cuts later this year.

Evening Standard

Bank of England’s Mann: markets expect too many interest rate cuts this year

Senior policymaker says UK central bank is unlikely to move before US Federal Reserve

The Guardian - UK

'Not good enough': council hits out at controversial Minmi estate

Lord mayor Nuatali Nelmes said it 'should never have been approved'.

Newcastle Herald

Three Tax-Smart Strategies for Real Estate Investing

Opportunity zones, Delaware statutory trusts and real estate income funds can help investors maximize gains and mitigate taxes.

Kiplinger

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news in one place.

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Evening Standard

London leaver commuter hotspots revealed — did Essex or Surrey come top?

In some local authorities half of home movers are households leaving London, reports Savills

France 24

Wanted: A place to live in Paris

The race for accommodation in Paris could be an Olympic sport in itself. The number of rentals available is plummeting while prices are soaring, yet real estate agents are overwhelmed with demand. From short-term rentals to efficiency upgrades, prospective tenants are paying the price for the ongoing crisis. We take…

Axios

Trump's $464M bond reduced in N.Y. civil fraud case: Here's what to know

New York could begin collecting damages from Trump if he fails to post the bond.

Al Jazeera

Trump deadline to pay $454m looms: Here is what happens next

Former President Donald Trump has hours to cover $454m judgement or risk property seizures in civil fraud case.

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news in one place.

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International Business Times

UK Homes Have Worst Value For Money In Developed World: Study

Britain's housing stock offers the poorest value for money among advanced nations, according to a study published Monday warning that the crisis-hit sector will loom large over this year's election.

The Guardian - AU

Australian farmland prices have doubled in the past decade. Is it time to put the ‘poor farmer’ narrative to bed?

When I moved to the farm in the 1990s, regional economies were collapsing. But now agriculture has recovered, maybe the focus should shift to towns

Newcastle Herald

Council turns key on plan to unlock infill housing and slow urban sprawl

'We need more diversity in housing'.

Bored Panda

Workers Destroy Driveway After Client Refused To Pay Remaining $3.5K

"At the end of the day, you owe me $3,500." The post Workers Destroy Driveway After Client Refused To Pay Remaining $3.5K first appeared on Bored Panda.

Newcastle Herald

Planning panel delays call on Iris project, calls for new view assessments

The massive EastEnd apartment project faces a new hurdle.

The Guardian - AU

Transport, housing and cost of living: how has Labor fared in its first year in power in NSW?

While the Minns government has made strides on wages, many of its promises – on renting, buses and the environment – remain unfulfilled

International Business Times

London Still Awaits Olympic's Promised 'Affordable' Housing

More than a decade after London hosted the Olympic Games, cranes are still everywhere in and around the Olympic Park in Stratford, where an array of buildings are under construction.

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