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The Latest Breaking News on Real Estate

London’s dedicated student housing shortage laid bare in new research

Around four students are chasing every purpose built room in London amid a shortage of accommodation, new research has revealed.

Evening Standard

New, future-proofed retirement homes — from rural idylls to high-end city flats

Seniors are facing a housing crisis of their own, but these new-build retirement properties can offer a new lease on life

Evening Standard

REITs Unveiled: A Comprehensive Guide for Investors

Real estate investment trusts, or REITs, are great for diversifying your portfolio and earning regular income. Explore their benefits and risks here.

Kiplinger

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House prices still rising everywhere except London, official statistics reveal

UK house prices defied expectations of a crash, but prices are on their way down in London

Evening Standard

Mayfield apartment development plans herald boom time for Maitland Road

The Mayfield corridor is poised to mirror Brunker Road at Adamstown.

Newcastle Herald

National cabinet agrees to build 1.2m new homes in bid to tackle housing crisis

Albanese announces ‘new home bonus’ of up to $3bn for states and territories but continues to reject Greens calls for rent freeze

The Guardian - AU

View from The Hill: Albanese unveils boosted housing target and incentive payments ahead of Labor national conference

Prime Minister Anthony Albanese has announced $3 billion in incentives for states and territories and a boosted target for the number of homes to be built, in a package aimed at alleviating Australia’s housing crisis.

The Conversation

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Five tricks to surviving the remortgage hell of 2023, from using a broker to reading the small print

As owners anxiously count down the days until their fixed term ends, here’s how to best avoid the scarily high standard variable rate

Evening Standard

Landlord who packed 40 tenants in four-bed Wembley home given first ever Brent Council banning order

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

Evening Standard

Even in a housing crisis, Australians can’t get enough of renovation stories on TV. Why?

The Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”.

The Conversation

National cabinet announces housing plan – as it happened

This blog is now closed.

The Guardian - AU

Property Investment Slid Further in July Amid Weakening Market

Real estate shows no sign of rebound as sales fall again, extending the industry’s protracted contraction

Caixin Global

Construction Sector Sees Backlogs and Year-Over-Year Declines: Kiplinger Economic Forecasts

Commercial and industrial construction projects are delayed by governmental red tape and a skilled labor shortage.

Kiplinger

Row after just three affordable homes started in London last quarter

Criticism against the mayor was branded “utter nonsense” by a source close to Mr Khan, who said it had been impossible to start new affordable homes due to Government delays

Evening Standard

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The Hindu

PM Modi announces new scheme to help urban poor build houses

PM Modi said that if the weaker section wants to build their own houses, the government will assist them with a relief in interest rates and loans from banks that will help them save lakhs of rupees

Evening Standard

Record wage growth dashes hope of respite from interest rate pain

The growth in wages is anther blow to mortgage holders

Evening Standard

OPINION - We should reclaim all London land used for golf

It is time to declare war on golfers.

Evening Standard

Tiny north London flat ‘smaller than many hotel rooms’ for sale for £100k to cash buyers

Not much bigger than a hotel room, a 194sq ft Tottenham apartment has been described by selling agents as ‘cosy and well arranged’

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The Conversation

The rental housing crisis is hurting our most vulnerable and demands a range of solutions (but capping rents isn't one of them)

Roughly one in three Australians rent their homes. It’s Australia’s fastest-growing tenure, but renting is increasingly unaffordable. From 2020 to 2022, our research found a large increase in the proportion of renters who said their housing was unaffordable.

The Guardian - AU

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

Top Chinese developer’s financial woes cast shadow over Australian property market

Huge housing estates developed by Risland on the fringes of Sydney and Melbourne could be affected as shares of parent company Country Garden plunge

The Independent UK

‘One of the best places to live in Britain’ declares housing crisis as rents spiral out of control

Rent in this picturesque town push out locals struggling to keep up with surging housing costs

The Guardian - AU

National cabinet push for 12-month limit on rent hikes and ban on no-fault evictions

Anthony Albanese says movement on renters’ rights is needed but has rejected the Greens’ calls for a rent cap

Evening Standard

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.

Chicago Sun-Times

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.

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