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The Latest Breaking News on Real Estate

Rents ‘could rise four times as fast as house prices across the years ahead’

Across Britain, rents could rise by 25% over a four-year period, compared with 5.5% growth in house prices, Hamptons predicts.

The Independent UK

UK firms ‘slow output and rein in hiring as borrowing costs rise’

Survey of businesses gives further indication that Bank of England could limit future interest rate rises

The Guardian - UK

Post HRera, NCR saw 74% projects completion: Report

GURGAON: In NCR, around 86 projects comprising of 34,520 units were launched during the post-HRERA (Haryana Real Estate Regulatory Authority) period from H2 2017 and entire 2018. Out of these, 64 projects which constitute around 74% are complete, according to latest report by real estate consultants.

The Times of India

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PMAY (Urban)-LIFE beneficiaries can now build houses even outside local body limit

PMAY (Urban)-LIFE housing project beneficiaries can now avail benefits even if constructing house outside local body limit. Separate project with ₹4 lakh (₹6 lakh for STs) for gen/SC/STs approved by district planning committee. Urban local body to provide ₹3 lakh, State ₹1 lakh. HUDCO loan of ₹2 lakh per beneficiary…

The Hindu

How Much Does It Cost to Sell a House? Don’t Overlook These Common Fees

Selling a home isn’t free. Learn about the most common — and often overlooked — costs involved in selling your house, from agent fees to prep work.

Kiplinger

San Francisco razed its ‘Harlem of the West’. Detectives seek those who lost homes

Decades after the city displaced thousands of mostly Black families, private investigators are helping them reclaim housing

The Guardian - US

Ten family-sized homes for sale in London for less than £600k — without having to go beyond Zone 2

Thought a third bedroom would push you out to the suburbs? These houses and flats in prime spots all have space for a second home office – or child

Evening Standard

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Judge says civil trial over Trump's real estate boasts could last three months

An upcoming civil trial over allegations that former president Donald Trump lied about his wealth could last as long as three months

The Independent UK

A former Texas lawman says he warned AG Ken Paxton in 2020 that he was risking indictment

A former Texas lawman says he told Attorney General Ken Paxton in 2020 that he was risking indictment by by helping a donor under FBI investigation

The Independent UK

California governor signs bill to clear hurdles for student housing at Berkeley’s People’s Park

Democratic Gov. Gavin Newsom has signed a bill aimed at clearing the way for construction of a controversial student housing project in a historic Berkeley park

The Independent UK

Paxton defense presses whistleblower on what evidence he brought to FBI

On cross examination, Paxton’s defense attorney launched into whistleblower Ryan Vassar for bringing no physical evidence when he and others reported their boss to the FBI. Vassar said he was a witness and not an investigator.

The Texas Tribune

Why are US homes getting bigger while households shrink?

American single-family homes are 20% larger today than they were in 1990 — but households are the smallest they've been in eight decades.

USAFacts

Rental vacancy rate plummets to record low as Australia’s housing crisis deepens

Advocates say the crisis will only become even more severe without government intervention

The Guardian - AU

Johannesburg fire: there was a plan to fix derelict buildings and provide good accommodation - how to move forward

Thousands of Johannesburg inner-city residents occupy buildings in conditions like those that led to the fire at 80 Albert Street that killed at least 77 people. They are living in derelict multi-storey buildings, former office blocks, sectional title buildings, tenements, warehouses and factories.

The Conversation

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The National (Scotland)

Second-home owners in Scotland set to see council tax doubled

Local authorities could be given the power to double council tax rates for second homes from April, under new proposals to be put before Holyrood.

The Week

House prices fall at fastest pace since 2009 – and more pain expected

High interest rates and the customary summer slump have been blamed after UK house prices suffered their sharpest annual drop in 14 years.

Chicago Sun-Times

Chicago’s Asian Americans and Pacific Islanders need affordable housing solutions

History has shown that AAPI communities have undeniably been left out of these discussions. Building a stronger, more equitable Chicago requires every community’s voice.

Kiplinger

5 Ways to Shop for a Low Mortgage Rate

Mortgage rates are high this year, but you can still find an affordable loan with these tips.

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news in one place.

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Evening Standard

How to keep your home cool and sleep easy in a heatwave as report warns of meltdown in the capital

From banishing tech to using reflective paint, an expert reveals the best ways to reduce the overheating blighting many homes in the capital this week and beyond

The Guardian - US

Amazon and other companies invested in affordable housing. Did it work?

Technology firms, healthcare groups and banks have thrown money at affordable housing, but even billions in short-term private capital can’t solve the crisis

The National (Scotland)

Scottish Government will not back down on short term lets licensing, says Neil Gray

WELLBEING Economy Secretary Neil Gray has insisted that the Scottish Government will not back down on pushing ahead with the short term lets…

The Guardian - AU

Knock down a few, build one: in NSW that counts as a gain for councils’ housing targets

Exclusive: Metrics reflect gross addition to supply, even as unit blocks in affluent Sydney suburbs are being replaced by luxury single properties

The Independent UK

California lawmakers vote to fast-track low-income housing on churches' lands

California lawmakers have voted to fast-track low-income housing on surplus land owned by nonprofit colleges and religious institutions

The Independent UK

Mapped: UK house prices falling at fastest annual rate since 2009

Data from Halifax showed that house prices dropped by 4.6% in August

The Independent UK

Crumbling concrete crisis spreads to housing, shops and offices as major landlord orders checks

Major shopping centre owner orders survey, as housing associations also begin to investigate problem

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