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The Latest Breaking News on Real Estate

Eastern Economic Corridor condo prices decline again in Q1

Condo prices in the Eastern Economic Corridor (EEC) declined in the first quarter, marking a second consecutive quarterly decrease as developers accelerated stock clearance campaigns amid sluggish purchasing power and elevated unsold inventory.

Bangkok Post

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

AAP

Controversial plan to bulldoze south London shopping centre for almost 900 homes rejected

Berkeley Homes had applied to build 867 homes on the site of the Aylesham Centre in Peckham

Evening Standard

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Scrapping 86,000 new car parking spaces could save $5.2bn and drive down rents, Grattan report finds

About 40% of parking spaces under apartments in Australia sit empty, yet strict planning rules mean more unwanted spots continue to be built

The Guardian - AU

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Home Depot's results beat Wall Street's expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies

AAP

Home Depot's first quarter is driven by homeowner spring buying and professionals

Home Depot's results beat Wall Street's expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies

AAP

PSH maintains targets despite Q1 dip

SET-listed developer Pruksa Holding (PSH) has maintained its revenue and sales targets at 15 billion baht and 16.5 billion baht, respectively, despite a slight decline in the first quarter, banking on a stronger performance in the fourth quarter.

Bangkok Post

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‘Death tax’, startups and a rent spike: it’s time to correct misleading claims about Labor’s budget

Jim Chalmers’ budget has proved controversial. But who will really be affected and how?

The Guardian - AU

'A Boss Shouldn't Dictate My Success': Entrepreneur Rejected £2,300 Salary — Built $75M Property Career

Claire Tan turned down salary offers to start her own business at 17. She now runs two companies and has transacted over £58m in Singapore property

International Business Times UK

A 1031 Exchange May Look Great for You on Paper, But It's Not Just About Taxes

If you're considering a 1031 exchange after making a large capital gain from selling a property, stop and ask how it will affect your portfolio in the long term.

Kiplinger

Mixed results from first post-budget auction weekend

The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.

AAP

Why are millions of homes in Japan empty: Inside the shocking rise of abandoned “ghost houses” across the nation

Across Japan, something unusual is happening in plain sight. Entire neighbourhoods have houses that still stand, but nobody lives inside them anymore. Windows stay closed for years. Gardens grow wild, and paint fades slowly in the weather and over time. Reportedly, Japan has around 9 million vacant homes, a figure…

The Times of India

The UK property hotspots where the average first-time buyer is just 27

These are the places where members of Gen Z are getting on the property ladder

The Independent UK

UK has highest property tax burden of top economies, says report

Tax firm Ryan’s report found that the UK ranks first globally for the property taxes as a share of gross domestic product (GDP).

Evening Standard

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The Guardian - AU

Morning Mail: big tobacco accused of scare tactics, how supermarkets swap discounts, and Ebola fears rise

Big tobacco stoking fears over illicit trade, experts claim; supermarket promotions in sync

Evening Standard

Prince of Wales set to sell a fifth of Duchy of Cornwall in next 10 years

The duchy provides William, who is the 25th Duke of Cornwall, with a private income of nearly £23 million a year.

The Guardian - AU

Want to buy a house in Sydney? Be prepared to pay nearly $120,000 over the advertised price

Underquoting is rife across the country with Melbourne the only capital where more properties sell below the guide than above

The Guardian - UK

‘Feels like an illusion’: inside post-Maduro Venezuela’s bewildering new era

Four months after Trump’s surprise raid, a political thaw has descended – but mingled with hope is trepidation for what comes next

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Evening Standard

Housing costs still too high in Ireland, Micheal Martin says

Fianna Fail is marking its centenary at the party Ard Fheis in Dublin.

Evening Standard

Mother and three children forced to live in their car for six months due to south London council failures

The Local Government and Social Care Ombudsman (LGO) found that the young family continues to suffer the ‘physical, emotional and psychological impact’ of their ordeal

The Guardian - US

Rise in deed theft across US prompts crackdown in New York City

After more than 500 deed theft complaints last year, Zohran Mamdani pushes crackdown effort

AAP

Rent hikes, more homelessness as climate change bites

Climate change has the potential to widen the gap between renters and homeowners without fairer policy support directed at the worst off.

International Business Times UK

DHS Watchdog Now Probing How Kristi Noem Spent $1 Billion on Warehouses With No Plumbing or Zoning Permits

The DHS inspector general is auditing all warehouse purchases under Kristi Noem's $38 billion detention programme after ICE overpaid by an estimated $107 million on properties without plumbing or proper zoning.

The Guardian - AU

Like many Australians, I was a ‘rent-vestor’. No one should have to do what I did just to secure housing

While I owned an apartment, I couldn’t afford to live in it – forced to become a speculative investor just to have a shot at shelter

AAP

Coalition's bracket creep plan to cost tens of billions

The coalition's economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.

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