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The Latest Breaking News on Real Estate

Michael Gove ‘capitulating’ to nimbys with moves to block new homes, say developers

‘Capitulation to a nimby faction of the Conservative party’, say housebuilders on changes to planning system

The Independent UK

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

Donald Trump’s lawyers again ask for early verdict in civil fraud trial, judge says 'no way'

Donald Trump’s lawyers have rested his defense and have sought again to immediately end the New York civil fraud trial that threatens the former president’s real estate empire

The Independent UK

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Strong buyer interest in 'hidden' 1.7 acre block listed in Charlestown

The property has a guide of $1.15 million to $1.25 million.

Newcastle Herald

Activists, public housing residents push to oust CHA leadership

Activists say more than 200,000 people are on the waiting list for public housing and they want Mayor Brandon Johnson to replace the CHA board and its CEO.

Chicago Sun-Times

Buyers From Latin American Countries Represent Almost Half of International Home Purchases in Florida

A report shows that Argentines, Brazilians and Colombians comprised more than 20 percent of the purchases overall

Latin Times

Victory for ‘peasants’ revolt’ as Duke’s appeal over allotment plan is rejected

The Duke of Northumberland planned to build 80 flats on the three acre site to fund repairs to his Grade I listed residence Syon House in West London

Evening Standard

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Andrew Bailey is wrong. The Bank of England must cut interest rates now

City Voices: If the Bank wants to avoid a long and damaging recession then it needs to act fast

Evening Standard

Latinos Have the Largest Household Size in the U.S.: These are the Figures

Latinos have the largest households of any demographic in the U.S. and average 3.6 family members per household.

Latin Times

UK pay growth drops sharply as job vacancies fall

Bank of England will be monitoring figures as it decides whether to cut interest rates this week

The Guardian - UK

I want to buy my disabled mum a home in Scotland, but I can’t afford the property tax

She can’t get a mortgage, but if I take one out the property will be classed as a second home

The Guardian - UK

Melbourne real estate agency’s ‘eviction season’ email warns renters not to miss payments due to Christmas spending

Professionals Taylors Lakes apologises for email that said property managers will have to evict tenants who fall behind during festive season

The Guardian - AU

Newcastle suburbs that joined the $1 million club in 2023

See where median house values climbed above $1 million this year.

Newcastle Herald

Annual pace of UK rental prices growth expected to halve by end of 2024

Annual rental prices growth is running at 9.7% but Zoopla expects this to slow to 5% by December 2024.

The Independent UK

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Evening Standard

London rent rises: will the record-breaking increases we've seen in 2023 start to slow next year?

We may be finally about to reach peak rent

Kiplinger

How to Earn Tax-Free Rental Income — Legally

An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.

Salon

Trump's trial witnesses could backfire

NY AG Letitia James said that one expert admitted some Trump valuations were not "proper" or "reasonable"

Evening Standard

City eyes Bank of England vote split for rate cut timing clues

Any shift on the Monetary Policy Committee toward a call for a rate cut will affect the outlook for timing of the first move down

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news in one place.

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Evening Standard

Londoners spent a record-breaking £32.1 billion on rent this year

UK renters have spent the same on rent as the value of all homes sold in London last year

The Guardian - AU

Shifting the needle on the housing crisis: will Chalmers’ plan to slug foreign home buyers be enough?

Treasurer has announced plans to triple fees foreigners pay when buying established homes and to double penalties for leaving a property vacant

Kiplinger

Homebuyers Don’t Want To Keep Waiting For Mortgage Rates To Fall, Study Finds

Fewer prospective homebuyers are being scared off now by high mortgage rates, according to a Bank of America survey.

Latin Times

Real Estate in LatAm Vs. U.S.: How Much do Properties Cost in Their Main Cities and States?

Montevideo and Mexico City, the most expensive cities in Latin America to buy a square meter, would be in the U.S.'s top 10 most expensive states

The Independent UK

Average asking price for a UK home tumbles by £7,000 in December

Across Britain, average asking price for home coming on market falls by 1.9 per cent or £6,966 in cash terms this month

Newcastle Herald

Auction wrap up: Whitebridge home sells $240k above guide

'It was interesting because the feedback wasn't at that level.'

International Business Times

Falling Inflation Shifts Focus To When ECB Could Cut Rates

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.

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