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The Latest Breaking News on Real Estate

With re-elected BRS govt., housing for all and 100% literacy will be priorities, says KTR

The new scheme will be an addition to the existing 2BHK and Gruhalakshmi housing schemes.

The Hindu

House price forecast: almost 5 per cent fall expected in 2024, Office for Budget Responsibility documents show

Average house prices will fall next year says a new report – but property is more complex to predict than simple averages warn experts

Evening Standard

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

The Independent UK

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Latino Homeownership: Which States Have Higher and Lower Rates?

According to the Latino Data Hub, New Mexico, West Virginia and Vermont top the list, while New York stands at the bottom

Latin Times

‘I want to get out’: two landlords on the ‘broken’ property rental market

From high rents to repossessions and public opprobrium, it’s not just tenants who say the system isn’t working

The Guardian - UK

$1.5 million sale of two-bedder in Tighes Hill sets benchmark

'Tighes Hill is still very tight in terms of listing numbers.'

Newcastle Herald

CREDAI challenges hike in fees for registering power of attorney and construction agreements

CREDAI Chennai challenges G.O. increasing registration fees for power of attorney & construction agreements, seeks to protect real estate sector & affordable housing.

The Hindu

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Watch this (air)space: Clapham airspace ‘with development potential’ to be auctioned for £10,000

The airspace above a three-storey terraced building on Northcote Road is offered with a 150-year lease and has the potential for residential development, says auctioneer Phillip Arnold

Evening Standard

Germany proves that private renting can work better than it does in Britain

Germans typically stay far longer in their rented homes, which are cheaper and have secure tenancies

The Guardian - UK

Extra £575 million business rates to pay for host of firms in London

A host of companies face collectively paying £575.6 million extra in business rates on London properties after missing out on certain support measures announced by the Chancellor, it has emerged.

Evening Standard

Western Lake Mac suburb to get 1000 new apartments in housing shake up

Council approved an application to increase housing density.

Newcastle Herald

Newcastle family pays record $7.05m for Bar Beach home to knock it down

The sale topped the previous Bar Beach suburb record by $150,000.

Newcastle Herald

Autumn Statement: 'an enormous missed opportunity' to stabilise rents and house prices for Londoners

Shortfall of new homes needed to tackle affordability crisis forecast to hit 257,000 without significant investment, said Tom Copley

Evening Standard

Ex-Trump Organization executive breaks down during fraud trial testimony

The defence is taking aim at the accountants, but evidence appears to show Trump had final review of allegedly fraudulent documents at the heart of the case

The Independent UK

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Salon

Trump defense witness backfires on stand

Ex-Trump accountant Jeffrey McConney's handwritten note could come back to bite his former boss

The Guardian - UK

Breaking the vicious circle of poor housing and poor health

Letter: People in bad housing are at greater risk of illness, which in turn limits their ability to afford a decent home, say Greg Fell and Matt Ashton of the Association of Directors of Public Health

Evening Standard

Autumn statement: Planning reforms fail to significantly excite housebuilding sector

Chancellor Jeremy Hunt has set out plans to unlock the building of more homes, including through tackling a planning backlog, but the reaction from shareholders in FTSE 100 residential businesses looked lacklustre on Wednesday afternoon.

The Independent UK

‘Huge sigh of relief’ for renters after housing allowance unfrozen

Changes on both benefits and housing allowance will come into effect from April 2024.

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Kiplinger

Where to Buy a Vacation Home Safe From Climate Risks

Seven places where you can buy a vacation home that will stay safer from climate risks like hurricanes and wildfires.

StockNews.com

Are Bank of America (BAC) and M&T Bank (MTB) Still Wise Investment Choices?

The central bank officials have recently expressed little interest in cutting rates anytime soon. With the recent Fed meeting minutes suggesting a continuation of a “restrictive” policy, rates will likely remain higher for longer. In this piece, I have discussed how the U.S. banking industry is expected to perform amid…

The Guardian - AU

Housing prices back at record levels, defying Australia’s interest rate rises

The 7.5% drop from the April 2022 peak has been recovered, but some cities are faring better than others, CoreLogic analysts say

The Guardian - AU

The past financial year was brutal for household incomes – and it seems the recovery isn’t coming anytime soon

Household disposable income fell 5.1% across the country, meaning our living standards have been smashed

Evening Standard

Autumn statement 2023: all the property announcements made by Chancellor Jeremy Hunt

From planning changes to housing benefit, here's what today's Autumn Statement means for London renters, homeowners and first-time buyers

Evening Standard

London best place to live but rising expenses and crime a worry - poll

Londoners think that public transport, green spaces, entertainment and arts and culture are improving in the capital, but safety and spiralling costs are of growing concern

The Guardian - AU

Hong Kong land sales wobble, exposing cracks in city’s finances

Despite historical high demand for homes due to the territory’s size, the economic downturn has resulted in a glut of unsold flats

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