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The Latest Breaking News on Real Estate

‘Out of reach’: median home price in Los Angeles nears $1m

House prices have increased more than 30% in five years in the state’s largest city, which has at least 50,000 people living outside

The Guardian - US

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

The Independent UK

New accusations: Ken Paxton used burner phone, secret email account, fake Uber name to hide ties to Nate Paul

After Paxton’s lawyers sought to dismiss articles of impeachment as unsubstantiated, House managers responded by accusing the suspended attorney general of going to great lengths to cover up his relationship to the real estate investor.

The Texas Tribune

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Housing for all: On scheme to help the urban poor build houses in cities

There needs to be a fool-proof scheme so that ‘housing for all’ no longer remains a slogan but becomes a reality in the tangible future

The Hindu

Why Investors Are Buying Up Shares in These 3 Industrial Stocks?

The building materials industry is well-positioned for solid growth, primarily due to the substantial investments to improve infrastructure and the increasing demand for new homes. So, should you add industrial stocks Owens Corning (OC), Apogee Enterprises (APOG), and Quanex Building Products (NX) to your portfolio now? Keep reading.

StockNews.com

London house prices fall, with rest of UK ‘doomed to follow’ as inflation cools

UK house price inflation slowed to 1.7% in June, according to official data.

The Independent UK

London’s dedicated student housing shortage laid bare in new research

Around four students are chasing every purpose built room in London amid a shortage of accommodation, new research has revealed.

Evening Standard

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New, future-proofed retirement homes — from rural idylls to high-end city flats

Seniors are facing a housing crisis of their own, but these new-build retirement properties can offer a new lease on life

Evening Standard

REITs Unveiled: A Comprehensive Guide for Investors

Real estate investment trusts, or REITs, are great for diversifying your portfolio and earning regular income. Explore their benefits and risks here.

Kiplinger

House prices still rising everywhere except London, official statistics reveal

UK house prices defied expectations of a crash, but prices are on their way down in London

Evening Standard

Mayfield apartment development plans herald boom time for Maitland Road

The Mayfield corridor is poised to mirror Brunker Road at Adamstown.

Newcastle Herald

National cabinet agrees to build 1.2m new homes in bid to tackle housing crisis

Albanese announces ‘new home bonus’ of up to $3bn for states and territories but continues to reject Greens calls for rent freeze

The Guardian - AU

View from The Hill: Albanese unveils boosted housing target and incentive payments ahead of Labor national conference

Prime Minister Anthony Albanese has announced $3 billion in incentives for states and territories and a boosted target for the number of homes to be built, in a package aimed at alleviating Australia’s housing crisis.

The Conversation

Five tricks to surviving the remortgage hell of 2023, from using a broker to reading the small print

As owners anxiously count down the days until their fixed term ends, here’s how to best avoid the scarily high standard variable rate

Evening Standard

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Evening Standard

Landlord who packed 40 tenants in four-bed Wembley home given first ever Brent Council banning order

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

The Conversation

Even in a housing crisis, Australians can’t get enough of renovation stories on TV. Why?

The Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”.

The Guardian - AU

National cabinet announces housing plan – as it happened

This blog is now closed.

Caixin Global

Property Investment Slid Further in July Amid Weakening Market

Real estate shows no sign of rebound as sales fall again, extending the industry’s protracted contraction

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Kiplinger

Construction Sector Sees Backlogs and Year-Over-Year Declines: Kiplinger Economic Forecasts

Commercial and industrial construction projects are delayed by governmental red tape and a skilled labor shortage.

Evening Standard

Row after just three affordable homes started in London last quarter

Criticism against the mayor was branded “utter nonsense” by a source close to Mr Khan, who said it had been impossible to start new affordable homes due to Government delays

The Hindu

PM Modi announces new scheme to help urban poor build houses

PM Modi said that if the weaker section wants to build their own houses, the government will assist them with a relief in interest rates and loans from banks that will help them save lakhs of rupees

Evening Standard

Record wage growth dashes hope of respite from interest rate pain

The growth in wages is anther blow to mortgage holders

Evening Standard

OPINION - We should reclaim all London land used for golf

It is time to declare war on golfers.

Evening Standard

Tiny north London flat ‘smaller than many hotel rooms’ for sale for £100k to cash buyers

Not much bigger than a hotel room, a 194sq ft Tottenham apartment has been described by selling agents as ‘cosy and well arranged’

The Conversation

The rental housing crisis is hurting our most vulnerable and demands a range of solutions (but capping rents isn't one of them)

Roughly one in three Australians rent their homes. It’s Australia’s fastest-growing tenure, but renting is increasingly unaffordable. From 2020 to 2022, our research found a large increase in the proportion of renters who said their housing was unaffordable.

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