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The Latest Breaking News on Real Estate

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)

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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

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 Independent UK

‘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 Guardian - AU

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…

The Hindu

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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

Evening Standard

‘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 Independent 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

The Guardian - UK

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.

Chicago Sun-Times

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.

Evening Standard

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 Independent UK

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 National (Scotland)

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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

The Guardian - AU

Melbourne city moves towards limiting short-stay rentals such as Airbnb

City of Melbourne council approved in-principle regulations on short-stay rental accommodation on Tuesday night, with a view to combating the housing crisis

Evening Standard

Rent-free office incentives get less sweet in parts of central London

Incentives to tempt businesses to offices have got less generous for a number of new London developments as employers compete for modern space, research has found.

The Guardian - US

Rudy Giuliani’s Manhattan apartment up for sale for $6.5m

Trump ally and erstwhile ‘America’s mayor’ is selling his Upper East Side home amid a cash crunch due to ongoing legal problems

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news in one place.

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The National (Scotland)

Home repossession fears over ‘Westminster’s mortgage crisis’

THE number of homes being repossessed has risen sharply across Scotland since the pandemic, triggering concerns over the impact of…

Zenger

Tenants Leave Property Full Of Trash And Feces, Costing$30K In Repairs

I am completely speechless and shocked, the landlord said. The post Tenants leave property full of trash and feces, costing$30K

The Guardian - AU

Australia’s inflation rate eased to 4.9% in July, down from 5.4% in June

Larger than expected fall reduces likelihood Reserve Bank of Australia will raise interest rates again

The Guardian - UK

UK home sales in 2023 will be lowest in a decade, says Zoopla

Interest rate rises on mortgages are weakening demand, property website says

Evening Standard

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

The Independent UK

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

The Guardian - US

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

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