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The Latest Breaking News on Real Estate

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

The Guardian - UK

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

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London councils spending £90m each month on homeless accommodation

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

Evening Standard

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.

AAP

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

Evening Standard

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%.

Kiplinger

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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.

WEKU

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

The Guardian - UK

'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.

Newcastle Herald

US New Home Sales Rise Less Than Expected In January

Sales of new homes in the United States picked up less than anticipated in January, while the median price also climbed, according to government data released on Monday.

International Business Times

Trump Appeals 4M Civil Fraud Judgment In New York

Former President Trump appeals 4 million civil fraud judgment in New York, challenging allegations of wealth inflation and facing multiple legal challenges.

Top News

Homeowners can face high and unclear estate management charges, says watchdog

The Competition and Markets Authority raised concerns about charges for the management of facilities such as roads, drainage, and green spaces.

Evening Standard

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Evening Standard

Competition watchdog accuses UK’s top housebuilders of ‘sharing commercially sensitive information’

The Competition and Markets Authority (CMA) also called for a “streamlined” planning system and greater consumer protections

The Guardian - UK

Housebuilder shares fall as competition watchdog opens investigation; UK retail sales slump eases – as it happened

The CMA has opened an investigation into eight housebuilders following evidence they may be sharing commercially sensitive information.

AAP

Homebuyer scheme on shaky ground as calls for help echo

Opponents of a homebuyer scheme that would split upfront costs with the government are being urged to back the plan to help more people buy their first house.

Tom’s Guide

Selling Sunset star, Emma Hernan, shares one décor tip that will help to sell your home

If you’re putting your home on the market, you only need one simple decor trick to help get that winning sale, according to the Selling Sunset realtor.

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news in one place.

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Evening Standard

Mould-ridden flat is going to kill me and my baby, says Clapham mother

Lambeth Council apologised for the ‘distress’ its failings had caused to Stacey Coveley and her family

AAP

Pulse to be taken on inflation, retail and home prices

A key monthly inflation indicator is expected to inch a little higher but such a result is unlikely to worry the Reserve Bank as it ponders interest rates.

The Guardian - UK

UK lender trials ban on new holiday let mortgages for tourist hotspots

Leeds building society believes it is the first to restrict new lending for holiday homes in Norfolk and Yorkshire

Newcastle Herald

'Just Google it': canned sewer contract leaves residents steaming

Almost 200 residents have been told to find someone else to pump their sewage.

Evening Standard

I confess: Some of Trump's "crimes" sound familiar

City Comment: There’s a serious case to be made against Donald Trump. This wasn’t it.

Evening Standard

Health and Safety Executive looking at balcony collapse at multi-million pound Barking development

The £81 million block of flats has seen its balconies restricted from use after the incident in November

AAP

Labor cops friendly fire over homelessness funding

Unions and sector representatives are calling for an increase in homelessness support funding as demand continues to rise.

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