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The Latest Breaking News on Real Estate

Austin will now allow more homes to be built on single-family lots

City officials hope that allowing up to three units per lot will increase supply and slow the explosive increase in housing costs. The measure was approved by Austin City Council in a 9-2 vote late Thursday night.

The Texas Tribune

Sneak peek inside new home on one of Bar Beach's most tightly held streets

The median house price in Bar Beach is $2.12 million.

Newcastle Herald

C is for Covfefe: The ABCs of Donald Trump

Trump’s gaffes, typos, and infamous phrases have become a staple of US politics. Kelly Rissman explains what (we think) his most iconic phrases mean

The Independent UK

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

Vacant Catholic schools, even churches, could be used to house migrants

With all the Catholic school and parish consolidations, these buildings could be retrofitted for migrants, a suburban reader writes.

Chicago Sun-Times

Councils are opening the door to tiny houses as a quick, affordable and green solution

Soaring rents and home prices, increasing mortgage stress, record immigration and a growing population are fuelling a housing crisis and increasing homelessness. In the face of this pressing need, tiny houses offer an alternative housing option.

The Conversation

Why have house prices remained so resilient?

City Comment: Dodging a bullet... or the calm before the storm?

Evening Standard

Mapped: Average UK house price jumped for second month in a row in November

Across the UK, property values jumped for the second month in a row, rising by 0.5% in November or £1,394.

The Independent UK

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11 Reasons to Consider a 1031 Exchange

Deferring capital gains taxes might be at the top of the list, but growing your portfolio and your wealth and helping with estate planning are also compelling reasons.

Kiplinger

UK house prices rise again as easing of mortgage rates tempts more buyers

Monthly increase of 0.5% in November comes as average price of property goes up to £283,615, says Halifax

The Guardian - UK

'Biggest rezoning in history' hailed by housing groups

Plans for a mass rezoning of precincts around NSW train stations have been hailed by housing groups but the changes won't fix short-term accommodation woes.

AAP

Build homes on ‘low quality’ areas of London green belt, think tank urges

The Centre for London argues that ten new development corporations should be set up at well-connected sites in the capital's green belt

Evening Standard

Italy officially withdraws from China's Belt and Road project

Italy has withdrawn from China's vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up to the strategy.

Radio France Internationale

Rosehill owner bets big on $5b housing, metro plan

Turning a historic Sydney racetrack into homes for 55,000 people became a compelling opportunity once a $500 million metro station was put on the table.

AAP

Rental fix hinges on more homes, namely social housing

A parliamentary inquiry has called for continued funding for social housing in a comprehensive report on Australia's rental crisis.

AAP

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The Hindu

Youth hires gang for murder of business partner in Anantapur, 11 persons arrested

The Anantapur Urban Police on December 6 (Wednesday) arrested eleven persons in connection with a murder involving rivalry between two youths who were once friends, allegedly perpetrated by a hired gang. Superintendent of Police K.K.N. Anburajan said that the accused seemed to have took inspiration from movies to execute the…

The Guardian - UK

Nationwide rescinds ‘work anywhere’ policy and tells staff to come to office

Exclusive: building society overturns previous CEO’s policy, with employees asked to come in for 40% of their contract from January

The Guardian - AU

Bracket creep is cooling Australia’s economy – it’s good news for interest rates but not for household budgets

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

The Independent UK

Trump reveals why son Eric won’t testify again at fraud trial

No explanation was initially given by Trump family attorneys as to why former president’s second son would not be taking stand again

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news in one place.

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The Guardian - UK

Ireland offering asylum seekers tents amid acute housing shortage

New arrivals also given sleeping bags and extra money as they face prospect of sleeping rough

Evening Standard

Speculative office construction starts rise in central London, as developers bet on good future demand

Property developer confidence in central London's office market is looking solid, with new data showing speculative construction schemes are on the up.

Kiplinger

As Mortgage Rates Rise, Renting Is Now Cheaper Than Buying for Many: The Kiplinger Letter

A jump in mortgage rates has caused housing affordability to slump and priced many first-time home buyers out of the market.

Evening Standard

The Apprentice: Holy Spider director is making new film about Donald Trump

Sebastian Stan will be playing a younger version of the New York mogul

The Texas Tribune

As offices sit empty and housing costs soar, some Texas developers are converting workspaces into apartments

Not every downtown high-rise is a good fit for an office-to-housing conversion, but some officials and developers see benefits in turning unused space into new residential units.

The National (Scotland)

Scottish town named among the UK's happiest places to live

See the town in Scotland named among the UK's 20 happiest places to live in the most recent Happy at Home Index from Rightmove.

The Independent UK

‘Happiest place to live’ in Britain revealed

One of London’s richest boroughs named happiest place to live in the country

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