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The Latest Breaking News on Real Estate

Foundations buoy a new movement of renters’ activism

After years of rising rents, a group of Kansas City, Missouri, renters came together in 2019 to form KC Tenants, armed with an annual budget of $30,000 and demands for a bill of rights to protect renters from rising prices, unjust evictions, and landlord abuse

The Independent UK

CM to set in motion 2BHK allotment with Kollur project launch

The project hosts a total 15,660 dwelling units in 117 blocks, each consisting of one hall, two small bedrooms, two toilets, one kitchen and a utility within 560 square feet of plinth area and 398 square feet of carpet area.

The Hindu

Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

The Independent UK

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Edinburgh Council rejects Jock's Lodge student flats plans over community fears

It was argued that the street was in need of "major modernisation" through the new student flats however local residents fought against the plans to protect the existing 'local centre'.

Edinburgh Live

Disabled man avoids eviction after ACORN demonstration

"Before I used to be able to get out and do things but with my depression, it just makes me want to hide away"

Bristol Post

New Love Island bombshell has crush on Irish beauty Catherine as be gushes over her special trait

The semi-pro footballer arrived into the villa on Tuesday night

Irish Mirror

My rental agent in NSW says we are now responsible for putting out the bins. Is this a breach of contract?

Standard residential tenancy agreements usually do not mention weekly garbage – but check your agreement and seek legal advice where needed

The Guardian - AU

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House prices will keep rising into next year, says Domain, as immigration boosts demand

Sydney to lead recovery with 6% to 9% increase by next June while Melbourne, Adelaide, Perth and Brisbane will come close to or beat record highs

The Guardian - AU

Bank of England interest rates hit 5% as Andrew Bailey says ‘We know this is hard’

Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008

Evening Standard

Map shows the areas where house prices are rising and falling the most - see full list

The average house price in the UK was £286,000 in April, which was £9,000 higher than 12 months earlier. However, it was £7,000 lower than the recent peak in September 2022

Daily Mirror

Glasgow west end church demolition plans spark backlash over 'profit making' U-turn

Developers planning to turn a former church in the west end into dozens of flats have faced backlash for going back on promises to retain the building's historic facade.

Glasgow Live

OPINION - Bank of England acted too late on inflation and now homeowners will pay

This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…

Evening Standard

King Charles wishes Prince William happy birthday with sweet photo

The prince celebrates his 41st birthday today

The Independent UK

1.4m UK mortgage holders face 20% hit to disposable income from rate hikes

Expected surge in costs by 2025 likely to hit people in 30s hardest, says Institute for Fiscal Studies report

The Guardian - UK

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Evening Standard

Londoners and under-40s hardest hit by Britain’s mortgage rate mayhem (and don’t forget renters)

Inflation refuses to budge as under-40s, renters and London homeowners feel the pain

Evening Standard

OPINION - The Standard View: Londoners feel the squeeze as inflation refuses to budge

In a sea of economic data that always seems to disappoint, today’s inflation figures may plumb new depths. The Consumer Prices Index (CPI) rose by 8.7 per cent in the 12 months to May 2023. In other words, despite all the pain of higher interest rates, inflation remains unchanged.

The New Daily

Short-stay taxes may soon move beyond councils

The City of Hobart Council’s move to increase rates on short-stay rentals may soon become standard across Australia.

The Independent UK

Rate rises ‘could see 1.4m mortgage holders lose over 20% of disposable income’

The Institute for Fiscal Studies said 690,000 mortgage holders are under the age of 40.

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news in one place.

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Daily Mirror

Interest rate hikes could see 1.4million Brits lose 20% of disposable income

The Bank of England is expected to raise the base rate - which influences interest rates lenders charge for mortgages, loans and other types of credit - again tomorrow in an effort to curb inflation

Manchester Evening News

Students will continue their rent strike into next year after months of chaos and frustration

The University of Manchester say they have taken 'unprecedented' action to support students

The Independent UK

Mortgages: I’m a first-time buyer – is now the right time to buy?

Experts offer advice for potential first-time buyers thinking of navigating chaotic mortgages market

Manchester Evening News

The Stockport street where residents have been 'constantly' plagued for two years

“It’s just one thing after another."

Manchester Evening News

Bank of England interest rate announcement this week - what could happen as inflation fails to fall

The Bank is under fresh pressure following new inflation figures this week

Manchester Evening News

Development partnership for thousands of new homes to bring 'millions' of investment to Oldham

“This partnership will bring millions of pounds of investment to Oldham with social value and wide opportunities for our communities"

Evening Standard

London house market faces ‘slowdown’ as Bank of England risks overdoing rate rises says Berkeley boss

Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall

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