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The Latest Breaking News on Real Estate

UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

The Guardian - UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

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House prices fall faster than expected in biggest year-on-year drop since 2009, Nationwide says

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

Evening Standard

Donald Trump under oath: Assets are ‘Mona Lisas,’ his name worth $3 billion

NEW YORK: On April 13, Donald Trump sat down with New York Attorney General Letitia James and answered questions under oath for seven hours as part of the state’s civil fraud lawsuit accusing him of inflating the value of his assets by $812 million to $2.2 billion a year.

The Times of India

Monthly Mortgage Payments Touch All-Time High

The nationwide median home-sale price has soared to $380,000, reflecting a 5% year-over-year increase.

Zenger

Australian rents are rising at the fastest rate since the GFC – and from a higher base

Data shows annual rent increases in all major cities topped 10% last year as advocates warn low-income earners are being priced out of the market

The Guardian - AU

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How do we get urban density 'just right'? The Goldilocks quest for the 'missing middle'

What would Goldilocks do if given the chance to pick the “just right” density for our cities? Depends who you ask.

The Conversation

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Guardian - AU

Jeffrey Epstein held meetings with Trump associates before 2016 election - years after sex offender conviction

The convicted sex offender invited Trump’s campaign backers Thomas Barrack and Peter Thiel to lunch with Russian diplomat Vitaly Churkin

The Independent UK

Yang Huiyan: Country Garden owner who was once Asia’s richest woman

Teetering Chinese property developer has caused wealth of its founder’s daughter to plummet

The Guardian - UK

Home sales down 16% in July compared to same month last year, says HMRC

Some 86,510 home sales were recorded across the month, according to latest figures.

The Independent UK

No short-term let applications have been rejected by Scottish Government

NO short-term let licence applications have been rejected so far by the Scottish Government, fresh statistics have shown.

The National (Scotland)

Chinese developer Country Garden reports $6.7bn loss amid fears of another Evergrande

Group warns that if its financial performance ‘continues to deteriorate’ it faces possible default after huge half-year losses

The Guardian - AU

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The Independent UK

New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump

New York’s attorney general says a judge doesn’t need to wait until an October trial in her civil lawsuit against former President Donald Trump to rule that he committed fraud while building his real estate empire

The Guardian - AU

‘Whole housing system in crisis’: report finds Australia’s emergency accommodation is often unsafe

Study finds lack of available social housing and unaffordable private rentals mean people entering crisis accommodation have no pathways out

The Hindu

A.P. Housing Department completes construction of five lakh houses under ‘Pedalandariki Illu’ scheme

AP State Housing Department achieved target of constructing 5 lakh houses under 'Navaratnaalu - Pedalandariki Illu' scheme. Social infrastructure works such as water, roads, soak pits & power supply completed. House-warming ceremony likely to be held in September. Chief Minister Y.S. Jagan Mohan Reddy will take part in one programme…

Evening Standard

Commuter hotspots: new-build homes in market towns within easy reach of London

New rural homes within reach of the city are increasingly popular, with a record number of first-time buyers going beyond the M25

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The Independent UK

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Guardian - UK

Student housing used to be affordable. Why has it become an ‘asset class’ to enrich the already wealthy?

We need action to curb this exploitation of young people, says Leilani Farha, global director of the housing initiative The Shift

Chicago Sun-Times

A reckoning, we hope, at the National Association of Realtors

There is a shakeup in leadership at the Chicago-based National Association of Realtors, and we’d say it’s way overdue.

Evening Standard

Mortgage approvals slump as interest rate hikes take their toll

Latest figures from the Bank of England show there were 49,400 net mortgage approvals last month, down from 54,600 in June.

The Independent UK

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The National (Scotland)

Mortgage approvals plummet 20 per cent in UK amid soaring interest rates

THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…

The Guardian - AU

Australia’s rental crisis forcing parents to raise children in caravans and sharehouses, inquiry hears

Senate inquiry told tax concessions for property investors making housing crisis worse and locking young people out of home ownership

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