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The Latest Breaking News on Real Estate

Investor tax-break cuts no 'silver bullet' for housing

Winding back the capital gains tax discount could reduce property prices by about four per cent, compared to what they would be under a no-change scenario.

AAP

Twist in Vatican ‘trial of the century’ as appeals court declares mistrial

Defence lawyers hailed the ruling as potentially historic, given it represents a Vatican court overturning an act of the Pope himself

The Independent UK

US Government Wants ICE to Keep Using Tear Gas Against Protesters Despite Court Restrictions

The Trump administration appealed a court order restricting ICE agents from using tear gas near an affordable housing complex in Portland, Oregon.

International Business Times UK

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New town the size of Winchester gets planning permission in east London to tackle housing crisis

Some 20,000 homes, two new schools, hotels, a care home, shops, pubs, bars, parks, offices and student accommodation, were officially signed off as part of the project

Evening Standard

Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn

The Guardian - AU

Mortgage bills soar by £1,100 in London in just two weeks as Trump's Iran war rocks UK economy

‘War in the Middle East is hammering Londoners looking to buy or remortgage,’ says Adam French, head of consumer finance at Moneyfacts

Evening Standard

If You Can't Build It, They Can't Come: Why the Housing Crisis Affects All of Us

Excessive building regulations are restricting the supply of affordable housing in areas with the strongest job markets — and that hits national growth.

Kiplinger

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The RBA has made one of its most controversial calls in recent years - and this rate rise may not age well

Michele Bullock says high inflation hurts everyone, but there still seems to be an extraordinary level of complacency about potential fallout from the US-Israel war on Iran

The Guardian - AU

Afternoon Update: RBA hikes cash rate for second straight month; Trump seeks to delay China summit amid Iran war; and the 6.30pm rule

Hike takes Reserve Bank’s cash rate target from 3.85% to 4.1%, wiping out the relief offered by two cuts last year

The Guardian - AU

'Stop bringing in H-1Bs': MAGA erupts as foreigners spend $56 billion to buy up 78,000 US homes in one year

New research by the Foundation for Government Accountability (FGA) has reignited the debate over the ownership of the 'American Dream' among residents in USA, leading to heavy criticism of the H-1B visa online along with calls to stop the initiative altogether.

The Times of India

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last year

The Guardian - AU

176-year-old London pub facing demolition gets lifeline as plans for flats rejected

Greenwich Council said the applicant had not provided enough information to show that The Anglesea Arms was no longer financially viable.

Evening Standard

Oregon's Waterfall Publicly Sold on 'Redfin With No Price', Lawmakers Act to Save Abiqua Falls

Oregon lawmakers have secured a historic $2.1 million deal to purchase the iconic Abiqua Falls, ensuring this cherished natural treasure remains open to the public forever.

International Business Times UK

Foreign buyers sweep up 78,000 US homes, threatening the 'American Dream': Research

Foreign purchasers are increasingly buying American homes, creating stiff competition for younger and middle‑class families who already struggle to enter the housing market.

The Times of India

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The Independent UK

Here are four steps I took to get my first home loan

Aspiring first-time homebuyers earned a much-needed reprieve in February when mortgage rates dipped below 6 percent for the first time since 2022.

The Guardian - UK

Britons should strive to pay minimum tax legally possible, says Richard Tice

Reform UK’s deputy leader comments came as he was responding to questions raised about his own tax affairs

International Business Times

Single American Women Are Buying Homes in Record Numbers, Surpassing 20 Million for the First Time

Record-breaking data reveals single women in the US now own over 20 million homes, doubling the market share of single men despite the ongoing cost-of-living crisis.

The Independent UK

UK mortgage shelf life dips amid market uncertainty

Mortgages have not disappeared in recent weeks as fast as they did in the aftermath of the mini-budget

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The Guardian - UK

UK housing costs rise 41% over five years for renters and owners, study shows

Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise

The Guardian - US

Florida’s real estate ‘gold rush’ draws the super-rich as rising costs push others out

The luxury property surge fuels growth in Miami, but a poll finds many residents weighing an exit over housing and living costs

Latin Times

Real Estate Agents Report Rise in Mexicans Self-Deporting and Seeking To Rent Homes in Tijuana

According to a Border Report investigation, real estate agents say more Mexicans living in the United States without legal residency are returning to Mexico and choosing to rent homes in Tijuana.

The Guardian - AU

NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings

Underquoting and ‘dummy bidding’ will attract fines of $110,000 in bid to create a ‘fair property market’

Evening Standard

John Swinney promises ‘transformational’ help with childcare if SNP re-elected

The SNP leader also promised help for those seeking to buy their first home if his party wins the Scottish Parliament election in May.

The Independent UK

Pope Leo moves into palace apartment famously snubbed by Pope Francis

The decision has been praised by conservative commentators who see it as a sign of respect

Evening Standard

London council steps in over ‘worthless’ luxury flats debacle

The High Court ruled the insurer was liable to pay up to £1.5m towards repairs or rebuild works for the entire building

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