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The Latest Breaking News on Real Estate

Mortgage Payments Spike Nearly 20% From a Year Ago

High interest rates and expensive home prices are hurting potential homebuyers, as mortgage payments jump from a year ago. Payments are up almost 20% from last year.

Kiplinger

Where Inflation is Causing Property Taxes to Increase the Most

Inflation is partially to blame for property taxes increasing the most in these places. Is your city on the list?

Kiplinger

The death of the nightclub: what Britain will lose when the dancing stops

More than a third of Britain’s nightclubs have closed since June 2020. Yet they boost mental health and artistic innovation - and bring in billions for the economy

The Guardian - UK

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Bibby Stockholm: Home Office threatens asylum seekers with homelessness for refusing to move onto barge

Government accused of targeting asylum seekers who have been unable to secure legal representation, as more people move on board

The Independent UK

Govt. acting like a real estate broker, says Eatala Rajender

Eatala Rajender questions govt. for "gloating" over high real estate prices, while forcing farmers & Dalits to give up lands for pittance. He criticizes CM KCR for lack of respect for democratic practices & constitutional norms, & for not discussing recent floods & losses.

The Hindu

WFH Impact on Commercial Real Estate Market: Kiplinger Economic Forecasts

Commercial real estate continues to struggle. Office vacancies hit 18.9% in the second quarter of 2023.

Kiplinger

West London home available for just £160,000 — but it only has one window

Close to the Elizabeth Line, in a grand Victorian townhouse, this property is 80 per cent below the average price on its street but you’ll soon see why.

Evening Standard

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Inside the one-bedroom almshouses in Lewisham transformed into ‘urban cottages’ for sale from £420k

Centuries-old charitable homes in south London have been reborn as ‘urban cottages’ available from £420,000

Evening Standard

London ‘can’t just be a city for the wealthy,’ says IWG founder Mark Dixon amid surge in demand for suburban office space

Dixon said he was racing to keep pace with demand for office space in suburban locations

Evening Standard

'It's soul-destroying': how people on a housing wait list of 175,000 describe their years of waiting

Nationally, about 175,000 households are on the social housing waiting list. An individual usually has to be in “greatest need” to get on the list. Even then, being listed does not mean you will be given the keys to a home any time soon.

The Conversation

Rudy Giuliani selling $6.5m NYC apartment as legal woes pile up

The apartment was put up for sale just days after Mr Giuliani’s former client, Mr Trump, was indicted for the third time

The Independent UK

The UK property market is not crashing, it’s proving resilient – for now

House price falls have been modest given the post-lockdown price boom and interest rate spike but further falls seem likely

The Guardian - UK

‘It’s tough out there’: cracks in UK housebuilding sector grow by the day

Insolvencies rocket as army of small firms – seen as backbone of the sector – struggle with falling demand, rising interest rates and higher costs

The Guardian - UK

Housing is a direct federal responsibility, contrary to what Trudeau said. Here’s how his government can do better.

Prime Minister Justin Trudeau stated that “housing isn’t a primary federal responsibility” at a funding announcement in Hamilton, Ont. on July 31.

The Conversation

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Evening Standard

Housing shortages, strikes and empty offices: is London or New York coming out of Covid stronger?

Both are loved, loathed and battling post-pandemic problems. But what can these rival metropolises learn from one another?

The National (Scotland)

UK home insurance inflation rockets post-Brexit compared to EU countries

THE price of UK home insurance has rocketed while rates in neighbouring EU countries have remained far lower, new research has shown.

The Independent UK

UK house prices fall for fourth month running - here are the areas most affected

Average value dropped by 0.3 per cent between June and July

The Independent UK

Crazy Rich Agents: Inside the multi-million pound homes on BBC’s new real estate reality series

A cross between ‘Selling Sunset’ and ‘The Apprentice’, the BBC’s latest reality series gives viewers an inside look at London’s luxury real-estate market

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news in one place.

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The Guardian - UK

UK house prices drop for fourth month running, as Halifax predicts ‘gradual decline’ – as it happened

Average house price fell by -0.3% in July, and is 2.4% lower than a year ago, but Halifax doesn’t expect ‘precipitous decline’ in coming months

The Guardian - UK

Should I overpay my mortgage monthly or with a lump sum at the end of each year?

I have a five-year fixed-rate deal, just missed the rising interest rates and want to plan for an uncertain future

Evening Standard

Rental crisis: one in five tenants has faced eviction in the past year over soaring rents

Survey lays bare the state of the market, with tenants forced to attend mass viewings and enter bidding wars to secure a rental home

Evening Standard

London leavers at record high as homebuyers are priced out of the capital by mortgage chaos

First-time buyers make up a record 30 per cent of those leaving London this year, new data from Hamptons has found

The Independent UK

More than 60,000 homes in Scotland at risk of repossession – Labour

The Bank of England has warned that the number of people likely to struggle with debt repayments is rising as a result of increasing interest rates.

The Independent UK

House moves out of London have ‘increasingly been driven by need over want’

Higher mortgage rates and affordability pressures mean London leavers are spending £63,735 less typically than those who left in 2022, Hamptons said.

The Independent UK

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing

Exclusive: Spiralling costs disproportionately hitting those who don’t own their homes

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