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The Latest Breaking News on Real Estate

National cabinet announces housing plan – as it happened

This blog is now closed.

The Guardian - AU

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

Caixin Global

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.

Kiplinger

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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

Evening Standard

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

The Hindu

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

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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’

Evening Standard

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.

The Conversation

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

Top Chinese developer’s financial woes cast shadow over Australian property market

Huge housing estates developed by Risland on the fringes of Sydney and Melbourne could be affected as shares of parent company Country Garden plunge

The Guardian - AU

‘One of the best places to live in Britain’ declares housing crisis as rents spiral out of control

Rent in this picturesque town push out locals struggling to keep up with surging housing costs

The Independent UK

National cabinet push for 12-month limit on rent hikes and ban on no-fault evictions

Anthony Albanese says movement on renters’ rights is needed but has rejected the Greens’ calls for a rent cap

The Guardian - AU

Alarm over sharp fall in London business growth

London’s powerhouse economy is starting to feel the impact of successive interest rate rises but remains thefastest growing in the UK, a new survey reveals today.

Evening Standard

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Chicago Sun-Times

Details get nailed down for 2 affordable housing deals on South Side

The projects in West Englewood and Pilsen are designed for families, helping fill what experts call an unmet need.

The Guardian - UK

Fake or not fake? Booking.com’s hotel or apartment was ‘a private house’

On arrival in Paris guests had to find alternative accommodation but a refund has been refused

Evening Standard

Five cheapest areas in London to rent a home — as data reveals tenants in the capital now pay double the UK average

Study shows the rocketing cost of renting in all parts of London but some pockets of relative affordability remain

The Conversation

Urban sprawl is 'not a dirty word'? If the priority is to meet all kids' needs, it should be

Amid Australia’s housing crisis, land-supply slogans are once again dominating discussions about the solutions. Governments and private developers often blame housing crises on lack of land for new housing. Their solution? Rezone farmland for housing on the suburban fringe.

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news in one place.

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The Independent UK

Landlords selling up their buy-to-let make ‘£10,500 less than if they had sold in 2022’

So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid, Hamptons says

The Independent UK

Landlords selling up ‘typically make £10,500 less than if they had sold in 2022’

So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid, Hamptons said.

The Independent UK

South Carolina state Sen. John Scott, longtime Democratic lawmaker, dies at 69

State Sen. John Scott, a longtime South Carolina lawmaker who served in state government for more than three decades, has died after a stint in the hospital

The Independent UK

Revealed: Scandal of renters facing deadly hazards in their homes

Exclusive: One in eight privately rented homes poses a serious health hazard, as government urged to clean up ‘Wild West’ sector by going after ‘slum’ landlords

The Guardian - AU

‘How do you live?’ Australia’s rental crisis is pricing low-income workers out of a home

Virtually no part of Australia is affordable for aged care workers, early childhood educators, cleaners and nurses, Anglicare says

Chicago Sun-Times

Horoscope for Sunday, August 13, 2023

There are no restrictions to shopping or important decisions today. The Moon is in Cancer.

The Guardian - UK

Another interest rate rise? News on prices and wages may decide

The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play

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