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The Latest Breaking News on Real Estate

Why I started an app to fight short-term lets

AS the number of short-term lets in Scotland is on the rise, a tenants’ union has created an app they believe will change the housing landscape.…

The National (Scotland)

Labour would oversee ‘biggest boost in affordable housing in a generation’

Exclusive: Deputy leader and shadow housing secretary Angela Rayner says party would get tough on developers

The Guardian - UK

Florida rep asks Palm Beach County to tax Mar-a-Lago at Trump’s valuation

Democrat asks for ex-president’s home to be taxed at hundreds of millions more than current appraisal

The Independent UK

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Buyer’s market: London house prices down 4.8 per cent reports Halifax

London has seen the biggest fall in house prices in cash terms of any UK region

Evening Standard

Buyer’s market fuels fastest fall in UK house prices in 14 years

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax

The Guardian - UK

Bond yields rise after US jobs report smashes forecasts – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payroll shows surge in hiring last month

The Guardian - UK

Revealed: Inside the squalid homes of landlord given longest ever ban from letting

Nilendu Das, 55, has a ‘long history of operating and managing extremely poor quality housing’

The Independent UK

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Mapped: The areas where rent has gone up the most in the UK

West Midlands see biggest quarter on quarter rise as price up again across the country

The Independent UK

UK house prices have proven more resilient than expected, says Halifax

Despite recent house price falls,the average property value remains more than £39,000 above pre-pandemic levels, Halifax said.

The Independent UK

London house prices down 4.8% as ‘higher for longer’ interest rate fears slow demand, Halifax says

UK house prices were down 4.7% , the Halifax House Price Index found

Evening Standard

CFMEU blasts industry 'hysteria' on workplace reforms

Tradies have no reason to be worried the federal government's workplace reforms will force them to become employees, the construction union says.

AAP

Higher repayments eating deep into borrower incomes

Mortgage holders are funnelling more of their incomes into monthly repayments but are well placed overall to weather challenging economic conditions.

AAP

Well-maintained tower blocks are not bad places to live

Letters: It is unfortunate that many of the architects who designed such housing are no longer appreciated, writes Nicholas Russell

The Guardian - UK

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

The Independent UK

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Evening Standard

London rents up 12 per cent as prospective tenants far outnumber homes

Demand is outpacing supply of rental homes, with 25 tenants asking to view a single property on average

Evening Standard

Euston HS2 station may not go ahead if private funding can’t be raised

The Euston terminal for the high speed rail line may not go ahead if the Government is unable to raise enough private sector money to fund it.

Evening Standard

Central London office spend plunges as rate rises and working pattern changes bite

Rising interest rates, coupled with structural challenges regarding the nature of office working, have hit the sector

Evening Standard

Unite Students boss leaves as rents soar amid chronic student housing shortage

He leaves the student landlord in strong shape, with its properties all but full for 2023-24

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news in one place.

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The Independent UK

Rents reach new record high with average home receiving 25 inquiries

Average rent in London reaches £2,627 per month

The Guardian - AU

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

AAP

Cruel property swindler stole $10m from retirees

A cruel and callous property swindler who stole $10 million from retirees through fake investments has been jailed for a decade.

The Guardian - UK

England worst place in developed world to find housing, says report

Quarter of UK private renters spending over 40% of income on housing amid warning people are ‘trapped in poverty’

The Guardian - UK

Supply shortages and mortgage rate rises push UK rents to highest point ever

Average rental property receives three times more enquiries from prospective tenants than in 2019

Salon

Trump "noisily complaining" at trial

"I can't wait to see how long the judge puts up with Trump's steady stream of kvetching," says ex-prosecutor

The Guardian - US

Donald Trump drops off Forbes 400 list of wealthiest people in the US

He’s $300m shy of the cutoff, according to the magazine, though with an estimated $2.6bn he’s got plenty of pocket change

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