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The Latest Breaking News on Real Estate

What is the Leasehold and Freehold Reform Bill and what does it mean for homeowners?

The standard lease extension term is set to increase by over a tenfold

Evening Standard

Michael Gove admits housing crisis is even worse than you think

High immigration putting ‘more pressure’ on Britain’s housing, says levelling up secretary amid cabinet row

The Independent UK

West End Christmas trading off to strong start, top landlord Shaftesbury says

Sales are up 12% on last year and 16% on pre-pandemic levels

Evening Standard

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CHA mounts $50 million program to fix up scattered sites

The agency promises to be “laser focused” over the next 18 months on its vacant single-family homes and smaller apartment buildings.

Chicago Sun-Times

Leasehold reform: why UK government's plans could make housing less affordable and less fair

The UK government is introducing plans to reform the system of leasehold property in England and Wales to parliament. The leasehold and freehold reform bill aims to empower leaseholders and achieve greater fairness in the housing market.

The Conversation

Developer promises council $22.6m if major housing estate goes ahead

New parks and sports fields promised if development goes ahead.

Newcastle Herald

Double waterfront block at Toronto fetches huge auction result

The early 1900s-era home will not be demolished.

Newcastle Herald

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Bill to ban creation of new leasehold houses to be introduced to Parliament

Long-awaited legislation that would ban the creation of new leasehold houses in England and Wales will be introduced to Parliament later.

The Independent UK

North Chennai sees surge in real estate development

North Chennai is witnessing a surge in real estate development due to expansion of Chennai Metro, ongoing infrastructure projects, availability of affordable land, presence of e-commerce segment and Grade A developments. Prices range from ₹5,000 to ₹15,000 per sq ft. Challenges include water shortages, inadequate drainage and lack of recreational…

The Hindu

The Hindu and Guidance to hold ‘Tamil Nadu Unlimited’ on December 12 in Chennai

The Hindu, in association with Guidance Tamil Nadu, is hosting 'Tamil Nadu Unlimited' summit on Dec 12 in Chennai ahead of the Global Investors Meet (GIM) 2024. Domain experts, civil servants, industrialists & Consul Generals will attend the summit with seven panel discussions. GIM will showcase TN as industrial powerhouse…

The Hindu

Good tenants used to be gold – but in today’s rental market, we’re being squeezed out

With rental vacancies the lowest they have ever been, people with disabilities like me are extra vulnerable if the homes we have built over decades are taken away

The Guardian - AU

Tory donor Richard Desmond revives controversial east London housing development

Billionaire submits proposals for scheme that government minister Robert Jenrick pushed in 2020, with nearly twice the number of properties of original plans

The Guardian - UK

Local and state governments ‘powerless’ to stop demolition of five-year-old Melbourne building

Melbourne council considering retrofitting incentives as officials say there are currently no laws to prevent demolition of non-heritage buildings

The Guardian - AU

Dilapidated Merewether home left empty for 20 years sells for millions

Developer snaps up the home after one week.

Newcastle Herald

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news in one place.

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The Independent UK

Kyle Richards and husband Mauricio Umansky celebrate Thanksgiving together amid separation

‘Real Housewives of Beverly Hills’ stars announced their separation in July after 27 years of marriage

Total Film

Is Taylor Swift in Deadpool 3? Ryan Reynolds has his say

Deadpool 3 star Ryan Reynolds shares cryptic reaction to Taylor Swift cameo rumors

The Hindu

KTR snubs Congress’ slogan, says change for better Telangana started in 2014 itself

K.T. Rama Rao, Working President of BRS and Minister for IT, Industries and Urban Development, refutes charges of rival parties that BRS leaders have become arrogant. He claims they have only affection and attachment for Telangana. He states that BRS has achieved much in the six-and-a-half years of rule, including…

Al Jazeera

‘We won’t leave’: Armenians in Jerusalem push back against armed settlers

A controversial real estate project threatens the world’s oldest Armenian diaspora community. But they refuse to move.

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The Hindu

With re-elected BRS govt., housing for all and 100% literacy will be priorities, says KTR

The new scheme will be an addition to the existing 2BHK and Gruhalakshmi housing schemes.

Evening Standard

House price forecast: almost 5 per cent fall expected in 2024, Office for Budget Responsibility documents show

Average house prices will fall next year says a new report – but property is more complex to predict than simple averages warn experts

The Independent UK

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

Latin Times

Latino Homeownership: Which States Have Higher and Lower Rates?

According to the Latino Data Hub, New Mexico, West Virginia and Vermont top the list, while New York stands at the bottom

The Guardian - UK

‘I want to get out’: two landlords on the ‘broken’ property rental market

From high rents to repossessions and public opprobrium, it’s not just tenants who say the system isn’t working

Newcastle Herald

$1.5 million sale of two-bedder in Tighes Hill sets benchmark

'Tighes Hill is still very tight in terms of listing numbers.'

The Hindu

CREDAI challenges hike in fees for registering power of attorney and construction agreements

CREDAI Chennai challenges G.O. increasing registration fees for power of attorney & construction agreements, seeks to protect real estate sector & affordable housing.

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