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The Latest Breaking News on Real Estate

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

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.

Chicago Sun-Times

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

The Guardian - UK

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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

Evening Standard

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.

The Conversation

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

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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 Independent UK

‘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

The Guardian - AU

Horoscope for Sunday, August 13, 2023

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

Chicago Sun-Times

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

The Guardian - UK

Developers have Black families fighting to maintain property and history

All along the booming South Carolina coast, developers looking to profit on vacation getaways and new homes are targeting land owned by the descendants of enslaved people

The Independent UK

Horoscope for Saturday, August 12, 2023

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

Chicago Sun-Times

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news in one place.

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Kiplinger

What Is an Earnest Money Deposit?

An earnest money deposit, paid before you close on a home, is meant to show the buyer you're serious. How much is it, and can you lose it?

The Independent UK

Alabama Senator Tommy Tuberville no longer owns property in the state he represents, report says

Property records show that the senator has owned a home in Santa Rosa Beach, Florida, for two decades

Evening Standard

OPINION - Help! I’m a Guppie: an under-40 who’s given up on buying a house

Next month, I move into my fourth flatshare in seven years. It’s not what I pictured when I imagined life at 30 (four days left of my twenties, please send reassuring tales of thriving and getting increasingly flirty), but what’s the alternative? Leave my job and friends in London just…

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

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The Week

Interest rates: more ‘trauma’ for households

“If it isn’t hurting it isn’t working.” That was the message from then-chancellor John Major in 1989 during a previous period when interest rate rises were used to tackle high inflation, said Larry Elliott in The Guardian.

The Independent UK

How can renters looking for a new home give themselves a head start right now?

As renters are being squeezed by strong competition and rising rents, Vicky Shaw finds out what they can do to help get ahead.

The Guardian - AU

Philip Lowe’s final inquisition leaves out some tough questions

More scrutiny of the outgoing RBA governor’s views on interest rates, profit-gouging and rent controls would have been welcome at his final appearance before parliament

Evening Standard

‘Stump up £2.2bn or London house building could grind to a halt’, Sadiq Khan tells Michael Gove

Sadiq Khan issues stark warning that capital’s housing crisis will worsen without £2.2bn in Government funding as developers down tools

The Times of India

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Texas Tribune

Federal grand jury reportedly calls witnesses related to Ken Paxton

The Austin American-Statesman reported that the grand jury has been convened in San Antonio. The identities of the witnesses and the focus of the inquiry remain unclear.

Chicago Sun-Times

Chicagoans dream of relocating to this coastal city in Florida, according to Redfin

Located in southwest Florida, Cape Coral boasts an intricate network of canals that stretches 400 miles and lush golf courses.

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