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The Latest Breaking News on Real Estate

London, New York, Paris: which capital's property market is currently strongest?

The latest Prime Global Cities Index sees the UK and USA coming bottom of the alpha cities league

Evening Standard

City Council committee OKs ballot referendum to raise money to help homeless

A City Council committee voted to put a referendum on the March ballot asking voters to authorize the Council to quadruple the real estate transfer tax rate on sales over $1.5 million and more than double the rate on sales above $1 million. The rate would drop on sales below…

Chicago Sun-Times

California home with a meth lab inside on sale for $1.5m

‘If you were my buyer, I would tell you I’ll find you a different opportunity’

The Independent UK

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English councils seek £100m to avert collapse of homelessness services

Cross-party group writes to chancellor saying councils face bankruptcy over temporary housing bills

The Guardian - UK

Why converting office space into flats won’t solve the housing crisis

The UK government is proposing to further relax planning rules as part of its long-term plan for housing. The Department for Levelling Up, Housing and Communities aims to extend what are known as “permitted development rights” (PDR) in England. This would widen a previous relaxation of planning rules to encourage…

The Conversation

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

AAP

Airbnb (ABNB) Earnings Spotlight: Is the Travel Stock a Buy or Sell?

Airbnb (ABNB) is currently facing new regulations implemented for short-term rentals, which could impact the company’s growth. However, Street analysts expect stable growth in the last quarter. With the company set to release its third-quarter financial results on November 1, 2023, is the stock a buy today? Read on.

StockNews.com

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Young Londoners ‘overwhelmingly want to build on green belt’ amid housing crisis

A poll of 1000 Londoners aged 25 to 45 found widespread support for radical measures such as reform of green-belt planning controls

Evening Standard

Australian property prices soar to record levels despite higher interest rates

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%

The Guardian - AU

Rental Market Will Slow Through 2023: The Kiplinger Letter

Expected growth in the rental market is likely to remain slow for the rest of the year amid a slow housing market and cooling economy.

Kiplinger

17% annual slump in home sales in September – HMRC figures

Across the UK, an estimated 85,610 home sales took place in September 2023, which was also 1% lower than in August, HMRC said.

The Independent UK

Chicago should jump to get federal money that would help revamp LaSalle Street

LaSalle Street would be perfect for the new federal effort, announced last week, that encourages cities and states to turn empty office buildings — particularly ones near transit — into housing.

Chicago Sun-Times

Sadiq Khan's deputy warns of 'very worrying' rise in rough sleepers in London

Deputy mayor Tom Copley said that without a 'change in approach' there was 'no real chance' of ending rough sleeping

Evening Standard

Renovated North Lambton home tipped to break suburb record

The median house value in North Lambton is $771,000.

Newcastle Herald

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Salon

Trump kids' testimony could backfire

Trump's three oldest children are expected to take the stand at trial that will determine Trump Org.'s future

Newcastle Herald

Spotlight site up for sale after DA approved for 26-storey towers

Rising interest rates and high construction costs are putting pressure on development projects.

Evening Standard

The pitfalls of the marathon mortgage

Buyer beware on long-term home loans

The Times of India

47 trains cancelled due to accident in Andhra Pradesh; passengers stranded

BHUBANESWAR: The Indian Railways has cancelled as many as 47 trains following the train accident that occurred between Alamanda and Kantakapalle on Vizianagaram-Kottavalasa railway section in Andhra Pradesh on Sunday. As the Chennai-Howrah mainline was affected in the accident, the Railways cancelled, diverted and partially cancelled many trains.

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news in one place.

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The Guardian - UK

UK mortgage approvals slump before interest rates decision

Remortgaging at lowest level since January 1999 as borrowers face higher repayments

The Independent UK

Mortgage approvals slump as ‘autumn housing market pick-up fails to materialise’

Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January 2023.

Chicago Sun-Times

Most Cook County property owners will pay more in taxes this year

The majority of Cook County homeowners will have bigger property tax bills this year — and this time the north and northwest suburbs got hit particularly hard.

The Independent UK

China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

The Guardian - UK

German economy shrinks; UK remortgaging lowest since 1999; window firm Safestyle enters administration – business live

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

The Guardian - UK

Should I use my lifetime Isa to buy a house to rent out or wait until I leave the forces?

Once I have left I intend to make a purchase with my girlfriend but need advice as a first-time buyer

Newcastle Herald

56 bids in battle to buy run-down New Lambton duplex at auction

'It was an older place that was ripe for renovation.'

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