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The Latest Breaking News on Real Estate

International Monetary Fund warns Europe against prematurely declaring victory over inflation

The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth

The Independent UK

Turnbull double act call for 'more density, everywhere'

Former prime minister Malcolm Turnbull and former Sydney mayor Lucy Turnbull have weighed into housing affordability debate as part of a national address.

AAP

Landmark 120-year-old Hamilton home hits the market

'If you have ever been to Hamilton, you would know this house.'

Newcastle Herald

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Yusef Salaam elected unopposed to a central Harlem district in US

Wrongly convicted as a teenager over a 1989 rape, Salaam campaigned on easing poverty and tackling gentrification.

Al Jazeera

‘Heir apparent’ Ivanka Trump to take witness stand in her father’s fraud trial

New York attorney general calls up final witness in a case that threatens the family business

The Independent UK

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

The Guardian - UK

Five-year house price forecast: how much could your London house be worth by 2028?

An average house in London could be worth over £70k more in five years time, but prices have further to fall first says Savills

Evening Standard

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Average house price predicted to be £45,000 higher by 2028

The expectation of a gradual reduction in interest rates suggests a progressive restoration of buying power and recovery in demand, Savills said.

The Independent UK

‘Bring Chicago Home’ referendum to reduce homelessness through tax on high-end property sales clears City Council

Tuesday’s 32-17 vote is a major political victory for Mayor Brandon Johnson. Next comes a battle between Johnson’s progressive coalition and the business community and real estate industry.

Chicago Sun-Times

Leasehold reform: 'endless carrot-dangling over desperate leaseholders’ heads wearing thin'

With no sense of timing or detail of promised reforms, leaseholders have been left hanging once again by watered down policies

Evening Standard

Is a Land Value Tax the Solution to Detroit's Messed Up Property Tax System?

Detroit Mayor Mike Duggan argues that shifting taxes from homes to the land they sit on will encourage development and cut taxes for most homeowners. Local property tax activists aren't convinced.

Reason

Rogue landlord of 22 bedroom Kensington property so damp mushrooms grew on walls is fined £500,000

Landlord of multi-occupancy property on edge of Hyde Park given 'record fine' for safety breaches

Evening Standard

Donald Trump Calls Attorney General ‘Political Hack’ In Testimony, Says Fraud Trial Is ‘Election Interference’

On Monday, former President Donald Trump took the witness stand to share testimony on the business dealings of the Trump Organization in a civil fraud trial

Zenger

More pain for borrowers as big banks pass on rate hike

Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase.

AAP

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Evening Standard

What WeWork filing for bankruptcy in the US means for London's office market

WeWork says London is and always will be, one of the firm's most important markets

The Guardian - AU

The Reserve Bank’s 13th interest rate rise is tightening the squeeze. But a pre-Christmas shock looks unlikely

RBA governor Michele Bullock’s debut rate rise as governor looks unlikely to be repeated next month

The Independent UK

Renters will remain in fear of losing their homes, charity says

Housing and homelessness charity Shelter accused the Government of having given in to Conservative backbenchers.

The Independent UK

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

A lack of supply has strengthened prices in the short-term, mortgage providers said

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The Independent UK

What is the Renters’ Reform Bill and what are no-fault evictions?

New legislation promises ‘once-in-a-generation overhaul of housing laws’ but both landlords and tenants have expressed scepticism

Evening Standard

'Victory' for Londoners in leasehold reforms but still much more to do, warn campaigners

Ministers have long-vowed to change the controversial leasehold system

The Guardian - US

Home, studio, a way to sell abandoned items: the many uses of self-storage

Priced out of their homes or unable to rent office space, some people in the US live or work in storage units. A few renters explain what they do with their spaces

The Independent UK

Ban to be put on the creation of new leasehold houses in England and Wales

The Government will also consult on capping existing ground rents and the standard lease extension term will be increased from 90 years to 990 years.

The Independent UK

Renters Bill provides benefits for both tenants and landlords, Government says

The Bill is said to be part of the plan to support 11 million private tenants and 2.3 million landlords in England.

Kiplinger

Where Do Homes Sell the Fastest?

Houses sell the fastest in Massachusetts and New Hampshire, new study shows, and slowest in Montana and New York.

The Independent UK

Family of Captain Sir Tom Moore told to demolish unauthorised spa pool

Hannah Ingram-Moore and her husband Colin lost their appeal against the demolition order.

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