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The Latest Breaking News on Real Estate

Registration of flats and properties: Karnataka govt. urged to consider guidance value on date of sale deed

Thousands of homebuyers across Bengaluru are facing the same problem, as the State government hiked the guidance value in the city by an average of 30% to 40%, from October 1, almost five years since the last revision

The Hindu

I-T raid: Contractor’s son claims money came from land sale; BJP demands CBI probe

Son of contractor whose properties raided by I-T Dept. claims money is his own from land sale deal. BJP demands CBI probe into case, alleging proceeds of corruption. I-T Dept. tight-lipped, son to explain source of money on Oct. 17.

The Hindu

Jeff Bezos buys neighbour’s Florida mansion for $79m in exclusive ‘Billionaire Bunker’ island

Not only did Amazon founder scoop up neighbour’s South Florida mansion for $79m, but he previously purchased property next door for $68m

The Independent UK

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How many vacant homes are there in the US?

Over 15 million American homes — approximately 10% of the country’s housing inventory — were vacant in 2022.

USAFacts

Check out David McLay Kidd’s new Dunas Course at Terras da Comporta in Portugal

Lay your eyes on David McLay Kidd's new layout in Portugal.

USA Today Sports Media Group

Sadiq Khan: Government’s plan for 10,000 Euston homes ‘plucked out of the air’

The mayor said he fears the plan to bring HS2 to Euston could be ‘cancelled by stealth’

Evening Standard

Thousands more working households facing homelessness in England

Friday’s figures also showed the lengthy periods of time people have been spending in temporary accommodation.

The Independent UK

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Right first time: 10 of the best London starter flats under £500k, from Walworth to Wimbledon

It’s tough times for London buyers but those with ready cash can find a deal. Here are 10 of the best options for aspiring homeowners

Evening Standard

How do I know if a rental house is mouldy before I sign the lease? 12 things to check

Although most Australian states require homes be free of mould before they are rented out, seasoned renters know that’s not always the case. In fact, an alarming number of tenants report discovering mould after they’ve moved into a rental property.

The Conversation

Forbes accuses Trump Organization CFO Allen Weisselberg of lying under oath at fraud trial

New York Attorney General’s office looking into report claiming witness perjured himself over Trump Tower valuation

The Independent UK

Labour’s supposedly bold ‘new towns’ idea has been tried before. And it failed

These vast sums should be spent improving our ‘second-tier’ cities – not on costly, carbon-guzzling developments in the rural south, says Guardian columnist Simon Jenkins

The Guardian - UK

Full force of interest rate hikes is yet to be felt, says Bank of England official

Swati Dhingra says economy has flatlined and millions of mostly young and poorer people could be affected if rates stay high

The Guardian - UK

“Gloomy outlook” of London housing market to last until 2024 due to mortgage affordability and cost of living

Buyer demand, sales and house prices continue to decline as mortgage affordability continues to affect the market, surveyors said.

Evening Standard

Former Tory London mayoral hopeful Natalie Campbell launches independent bid for City Hall

The centrist challenger in 2024’s election will build her manifesto by surveying Londoners

Evening Standard

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Evening Standard

What is a Yimby? Keir Starmer claims label for himself in housing interview

The Labour leader says he is a proud ‘house-building YIMBY’ — but what does it mean?

AAP

Ex-councillor accused of ICAC lies about Daryl Maguire

A former councillor has joined disgraced ex-MP Daryl Maguire in being accused of lying during an investigation into corruption of a southwest Sydney council.

The Guardian - AU

Greens say Melbourne housing towers should be fixed amid claims that would be ‘putting lipstick on a pig’

Homes Victoria says maintaining the 44 towers would cost $2.3bn over 20 years but Greens say some estates are already being refurbished

The Independent UK

Newsom signs laws to fast-track housing on churches’ lands, streamline housing permitting process

California Gov. Gavin Newsom has signed a law to fast-track low-income housing on surplus land owned by nonprofit colleges and religious institutions

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The Independent UK

Mortgage affordability ‘hitting housing market but 12-month outlook more stable’

Buyer demand, sales and house prices continue to decline as mortgage affordability continues to affect the market, surveyors said.

The Guardian - UK

The Guardian view on Labour’s housing plan: a promising start to addressing an age-old problem

Editorial: Sir Keir Starmer’s talk of ‘bulldozing’ obstacles to development is a refreshing contrast to Rishi Sunak’s cowardly retreat from the challenge

The Guardian - UK

Housing developers could override local objections under Labour, says Starmer

Party leader declares himself a ‘yimby’ in his drive to get an extra 300,000 homes built each year

The Independent UK

Tax break for landlords will ultimately benefit renters, says Varadkar

The Taoiseach has defended the 14 billion euro budget package unveiled by his Government on Tuesday.

Evening Standard

London landlords eye shift into commercial property from volatile residential market

A lower turnover of tenants and longer leases for shops and offices is drawing interest from investors

Evening Standard

House market slowdown sparks profit warnings from Travis Perkins and Forterra

Building product firms’ shares take a hit from a weak summer for renovations and house moves

AAP

Borrowers cutting back with more pain to come: RBA

Mortgage payments are at a record share of household disposable income, says a senior Reserve Bank official, and are expected to rise even further.

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