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The Latest Breaking News on Real Estate

'It's soul-destroying': how people on a housing wait list of 175,000 describe their years of waiting

Nationally, about 175,000 households are on the social housing waiting list. An individual usually has to be in “greatest need” to get on the list. Even then, being listed does not mean you will be given the keys to a home any time soon.

The Conversation

Rudy Giuliani selling $6.5m NYC apartment as legal woes pile up

The apartment was put up for sale just days after Mr Giuliani’s former client, Mr Trump, was indicted for the third time

The Independent UK

The UK property market is not crashing, it’s proving resilient – for now

House price falls have been modest given the post-lockdown price boom and interest rate spike but further falls seem likely

The Guardian - UK

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‘It’s tough out there’: cracks in UK housebuilding sector grow by the day

Insolvencies rocket as army of small firms – seen as backbone of the sector – struggle with falling demand, rising interest rates and higher costs

The Guardian - UK

Housing is a direct federal responsibility, contrary to what Trudeau said. Here’s how his government can do better.

Prime Minister Justin Trudeau stated that “housing isn’t a primary federal responsibility” at a funding announcement in Hamilton, Ont. on July 31.

The Conversation

Housing shortages, strikes and empty offices: is London or New York coming out of Covid stronger?

Both are loved, loathed and battling post-pandemic problems. But what can these rival metropolises learn from one another?

Evening Standard

UK home insurance inflation rockets post-Brexit compared to EU countries

THE price of UK home insurance has rocketed while rates in neighbouring EU countries have remained far lower, new research has shown.

The National (Scotland)

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UK house prices fall for fourth month running - here are the areas most affected

Average value dropped by 0.3 per cent between June and July

The Independent UK

Crazy Rich Agents: Inside the multi-million pound homes on BBC’s new real estate reality series

A cross between ‘Selling Sunset’ and ‘The Apprentice’, the BBC’s latest reality series gives viewers an inside look at London’s luxury real-estate market

The Independent UK

UK house prices drop for fourth month running, as Halifax predicts ‘gradual decline’ – as it happened

Average house price fell by -0.3% in July, and is 2.4% lower than a year ago, but Halifax doesn’t expect ‘precipitous decline’ in coming months

The Guardian - UK

Should I overpay my mortgage monthly or with a lump sum at the end of each year?

I have a five-year fixed-rate deal, just missed the rising interest rates and want to plan for an uncertain future

The Guardian - UK

Rental crisis: one in five tenants has faced eviction in the past year over soaring rents

Survey lays bare the state of the market, with tenants forced to attend mass viewings and enter bidding wars to secure a rental home

Evening Standard

House moves out of London have ‘increasingly been driven by need over want’

Higher mortgage rates and affordability pressures mean London leavers are spending £63,735 less typically than those who left in 2022, Hamptons said.

The Independent UK

More than 60,000 homes in Scotland at risk of repossession – Labour

The Bank of England has warned that the number of people likely to struggle with debt repayments is rising as a result of increasing interest rates.

The Independent UK

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Evening Standard

London leavers at record high as homebuyers are priced out of the capital by mortgage chaos

First-time buyers make up a record 30 per cent of those leaving London this year, new data from Hamptons has found

The Independent UK

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing

Exclusive: Spiralling costs disproportionately hitting those who don’t own their homes

The Guardian - UK

Back to the stone age: the sustainable building material we’ve all been waiting for…

It’s strong, plentiful and fireproof, as well as beautiful, yet stone has long been supplanted in the building industry by energy-consuming steel, concrete and brick. A trio of advocates for this age-old material say it’s time for a rethink

The Conversation

Ghana's housing policy and regulation is failing - COVID proved as much

Access to decent housing is a fundamental human right. Across sub-Saharan Africa, however, this right remains an elusive dream for many households.

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WhatToWatch

TV tonight: Our highlights for Sunday, August 6

World on Fire is just one of the gems on TV tonight.

Kiplinger

Indiana Tops Summer 2023 Emerging Housing Markets List

Three Indiana metro areas lead the recent Summer 2023 Emerging Markets Index from Realtor.com.

Chicago Sun-Times

Horoscope for Saturday, August 5, 2023

There are no restrictions to shopping or important decisions. The moon is in Aries.

Kiplinger

July Housing Squeeze Fueled By Inventory Decline

Housing market struggles continue this summer as inventories and home prices slide, mortgage rates rise, new survey shows.

The Hindu

Clear master plan required for sustainable growth, says new CREDAI-TS chairman

The Confederation of Real Estate Developers Association of India (CREDAI) Telangana on Friday announced the election of office-bearers, with the new team now being led by chairman D. Murali Krishna Reddy.

The Independent UK

Duke could close allotments if homes proposal fails, inquiry told

Estate trustees would have a ‘decision to make about permanent closure’, a planning consultant said.

Evening Standard

Life sciences offer an alternative future for some of London’s offices

In what will be seen as a boost for the UK life sciences industry, a flurry of investors are looking to create specialist sites in London

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