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The Latest Breaking News on Real Estate

London rents will keep rising even as property prices fall, top estate agent Foxtons says

“The shortage of rental properties means that finding somewhere to live is an ordeal for tenants but it’s a dream for Foxtons,” one expert said

Evening Standard

Rishi Sunak ‘steps in’ to sort out London housing crisis taking a dig at Sadiq Khan for sky-high home prices

Exclusive: The PM announces a review of the London Plan to speed up house building

Evening Standard

Treasury officials weigh 40-year mortgages to help first-time buyers

Long-term fixed-rate deals are popular in the Netherlands and Denmark and protect borrowers from interest rate spikes

The Independent UK

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read the most diverse news in one place.

Ibac report could result in criminal charges after finding property developer paid MPs and councillors

Acting commissioner says any evidence collected during Operation Sandon to be sent to Office of Public Prosecutions

The Guardian - AU

Landlord L&Q told to pay out to tenants after finding of severe mismanagement

Ombudsman says there was maladministration in tackling disrepair and complaints received dismissive responses

The Guardian - UK

Comment: ‘A slow-motion housing disaster is forcing Londoners out of the capital’

With house prices now 16.5 times the typical local wage, here’s how Waltham Forest is trying to help people stay in their communities

Evening Standard

Windy City Fieldhouse sports complex in Logan Square is closing at the end of August

For more than 25 years, families, children and adults across the city have flocked to the facility for friendly pickup basketball, soccer and volleyball games. It’s also a popular birthday party destination for kids.

Chicago Sun-Times

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Victorian MPs and two councillors accepted money and donations to further developer’s goals, Ibac finds

Report says John Woodman bought ‘influence’ on Casey council and via donations to then Labor MPs Jude Perera and Judith Graley

The Guardian - AU

2023 Doolan Best Building award shortlist is revealed

The 2023 Doolan Best Building award shortlist has been revealed, spotlighting exceptional architecture in Scotland

Wallpaper

Mortgage Rates and Payments Keep Rising, Creating Market Misery

Current mortgage rates and payments continue to rise resulting in buyer demand stalling and housing sentiment at low levels.

Kiplinger

Mixed-income housing going up in East Garfield Park: ‘Everyone in the city of Chicago deserves to have a roof over their head’

The site in East Garfield Park will have 43 units and be available for different income levels. Construction is expected to take another 12 to 15 months.

Chicago Sun-Times

Idaho home with lake views and more golf properties available now (July 2023)

Find the full list of properties here.

USA Today Sports Media Group

Sydney leads Australia’s house price rebound with $500-a-day ‘hyper-growth’

Domain data shows fastest national rise since late 2021 and all capitals bar Canberra in recovery mode

The Guardian - AU

Renters’ health at risk if UK energy efficiency rules delayed, say campaigners

Ministers accused of ‘caving to landlord lobby’ amid reports tougher standards for new lettings could be delayed

The Guardian - UK

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news in one place.

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The Guardian - US

‘Can we move?’ Chinese residents are fearful over new US laws banning property ownership

A Florida law barring certain foreign nationals from buying property has brought confusion, thoughts of moving and protests

The Independent UK

New home registrations show 42% annual fall in second quarter – NHBC

A total of 38,044 properties were registered in April, May and June – down from 65,645 a year earlier.

Evening Standard

‘People have asked if they could live in a tent on the terrace’: South Ken balcony for sale for £50,000

The 128 sq ft balcony is located on Stanhope Gardens in Kensington, where the average property costs £1,388,750.

Evening Standard

Inside the regeneration schemes creating destination neighbourhoods — from Canary Wharf to Clapham Junction

As the housing crisis debate rages, developers are breathing new life into unloved wastelands with contemporary homes that appeal to buyers and renters alike

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news in one place.

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The Independent UK

Open letter urges Rishi Sunak to prioritise security for renters and expedite bill

‘Government’s record in delivering on security for renters unfortunately stands in stark contrast’

The Independent UK

Government help for renters in stark contrast to homeowner support, PM told

An open letter signed by groups including Shelter, The Big Issue founder Lord Bird and Citizens Advice has been written to Rishi Sunak.

The Guardian - UK

The Guardian view on housebuilding: Michael Gove’s urban visions can’t erase his party’s record

Editorial: Regeneration of city centres can’t make up for 13 years in which renters were neglected while construction giants profited

Newsroom.co.nz

Our leafy oases shouldn’t be reserved for the privileged

We need to prioritise green spaces for those who need them the most – those without their own backyard and living in more dense and deprived neighbourhoods, says Dr I-Ting Chuang

The Guardian - UK

One in four new UK homebuyers under 25 rely on ‘bank of mum and dad’ – study

Research by Bank of England economist reveals huge scale of parental support in housing market

The Guardian - AU

Is Victoria planning to impose rent freezes and will that solve the housing crisis?

Labor is mulling a cap on prices and a levy on Airbnb-type listing. But some experts say that won’t do enough to fix the key problem of lack of supply

The Guardian - UK

UK interest rates need to stay higher for longer to beat inflation, says IMF

US Fed will also have to raise rates more aggressively than forecast, says Washington-based body

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