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The Latest Breaking News on Real Estate

Use insolvency code as a last resort, says panel on stalled housing projects

An expert committee has said judicial interventions such as Insolvency and Bankruptcy Code (IBC) should be used only as a last resort in case of stalled housing projects

The Hindu

Thailand's Pheu Thai party joins with pro-military parties in coalition to form new government

Thailand’s populist Pheu Thai party says it plans to form a new government with an 11-party coalition that includes two pro-military parties affiliated with outgoing Prime Minister Prayuth Chan-ocha

The Independent UK

UK house prices fell by £7,000 in August as high mortgage rates and cost-of-living crisis hits spending power

New seller asking prices fell to a new average of £365,895 in August

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

UK housebuilders’ shares fall amid fastest drop in asking prices in five years

Crest Nicholson forecasts lower profits after number of first-time buyers plunges

The Guardian - UK

China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

The Guardian - UK

Homebuilder shares tumble as UK housing market weakens – as it happened

A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking prices

The Guardian - UK

Thailand’s Pheu Thai allies with military rivals to form new government

Move comes as Pheu Thai founder Thaksin Shinawatra prepares to return home after 15 years in self-imposed exile.

Al Jazeera

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Asking prices for UK homes falls at fastest August rate for five years

Rightmove said average new seller asking prices fell by 1.9%, or £7,012, on average to £365,895 in August.

The Independent UK

Housebuilder Crest Nicholson warns on profits as mortgage rates soar for first-time buyers

Having previously expected a profit of £73.7 million in June, the group now projects profits to come to just £50 million

Evening Standard

As a UK property seller living abroad am I liable for ‘sneaky stealth taxes’ such as CGT?

I lived abroad for 20 years but will return this tax year to sell my sole UK home

The Guardian - UK

Landlords asked to review barriers preventing childminders from working from home

Government looking to reverse trend of declining childminder numbers

The Independent UK

Landlords urged to review barriers preventing childminders from working at home

The UK Government is looking to reverse the trend of declining childminder numbers as it prepares to offer more free childcare.

The Independent UK

North Berwick residents say holiday let numbers are at 'tipping point'

A group concerned at the impact on North Berwick of a high proportion of holiday lets fears the town could be at “a tipping point”.

The National (Scotland)

World's cheapest house costs just Rs 83, and it is up for sale

While most people wish to own a house of their own, it isn't possible for many considering the exorbitant property rates. However, buzz is that the world's cheapest house is now available for sale at just $1 (approximately Rs 83)!

The Times of India

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The Guardian - AU

Gone in two transfers: the email scam that cost Australian homebuyers their life savings

NSW residents Simon Elvins and his wife lost nearly $250,000 to a payment redirection scam – and they are not alone

The Guardian - US

Fears grow for property sector as WeWork scrambles to stay afloat

As company warns of ‘substantial doubt’ over its future, experts say consequences for commercial landlords could be dire

The Texas Tribune

Ken Paxton’s former personal assistant and “second son” a star witness in impeachment probe

Drew Wicker testified that he ferried documents to Nate Paul on behalf of his boss and witnessed conversations that suggested Paul was paying for the attorney general’s home renovations.

The Hindu

Jain Housing signs MoU with association, to take up repair of flats at Saligramam

Residents of Jains Westminster Saligramam, who have been running from pillar to post in the last few days after a portion of ceiling collapsed in their apartment complex, have signed an MoU with Jain Housing, the developer of the property.

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news in one place.

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Salon

Texas GOP pushes impeachment of GOP AG

Ken Paxton’s team said there was no evidence to support impeachment. The House published nearly 4,000 pages

The Hindu

Hyderabad real estate is second most expensive in India

Mumbai occupied the first position with a ratio of 55%, up from 53% last year.

The National (Scotland)

Row as local council sends Murdo Fraser opinion article out to mailing list

A ROW has erupted after a local council sent everyone on its mailing list an opinion piece on the Taymouth Castle development written by Tory MSP…

The Guardian - AU

I want my property revalued as part of my mortgage renegotiation. Is my bank obliged to do this?

In Australia, banks are covered by the Banking Code of Practice, writes consumer law and policy professional Kat George. Call your bank and remind it of the code

The Texas Tribune

Ken Paxton’s team said there was no evidence to support impeachment. The House published nearly 4,000 pages.

The Senate, which is conducting the trial, published the exhibits Thursday night. House impeachment managers say Paxton abused his office to help friend and political donor Nate Paul.

The National (Scotland)

Estate agents blame Scottish Government as landlords hike rents

A SIGNIFICANT rent gap is emerging between those already in tenancies and those seeking new accommodation, a new report has found.

StockNews.com

Is Now the Time to Invest in Realty Income (O)?

Realty Income (O), The Monthly Dividend Company, has a solid record of increasing the dividend more than 120 times since its stock market debut. However, is the stock the right investment now? Let’s analyze some of its key financial metrics to know.

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