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The Latest Breaking News on Real Estate

Tenants are now spending an average of more than 28% of their earnings on rent

It's the highest proportion seen in a decade

Nottingham Post

Rental costs now account for over 28% of earnings in decade high – report

The latest report from Zoopla revealed the proportion of tenants falling behind with rental payments has doubled to 8% in the last six months.

The Independent UK

Lisburn housing plans withdrawn after 11th hour objection

"We need to have something stipulated that objections can't be in as late as this and to make such an impact."

Belfast Live

From analysis to the latest developments in health,
read the most diverse news in one place.

Mortgage ‘ticking timebomb’ I warned of has exploded, says Martin Lewis

Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%

The Guardian - UK

OPINION - The Standard View: Renters have long felt the pain hitting homeowners

As interest and mortgage rates soar, London’s renters would be forgiven for thinking “welcome to our world”.

Evening Standard

Roughly 60% of Londoners say housing crisis has worsened since last general election

Looking across the whole of Britain, the poll also showed that a majority (52 per cent) of Conservative voters believe not enough social housing is being built

Evening Standard

When will mortgage rates come down? Interest rate remains high after Bank of England update

The Bank has kept the base interest rate the same once again

Evening Standard

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Prince William to celebrate first birthday as Prince of Wales as he turns 41

The future king was born at St Mary’s Hospital, Paddington, at 9.03pm on 21 June 1982

The Independent UK

Scottish property developer gets £4.1 million for student accommodation

55-room development on the corner of Nethergate and West Marketgait should be finished in December

Insider UK

The Cardiff church which has been derelict for years now hoping to reopen again

The grade II-listed Grangetown church, home to a World War One memorial window, is hoping to reopen to the community soon after extensive repairs.

Wales Online

America's housing shortage is keeping home prices high

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

Axios

Dozens of new homes to be built near Old Trafford Metrolink stop

Affordable scheme near cricket and football stadiums gets go-ahead

Manchester Evening News

Radical vision for a 160-home town centre ‘village’

Family homes are set to be built close to Bradshawgate in Bolton town centre

Manchester Evening News

Brits spending more on rent than at any other point in last 10 years

According to property portal Zoopla, the average UK tenant is paying 28.3% of their yearly pay, before tax, on their rent alone

Daily Mirror

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Evening Standard

Habitat for Humanity sets sights on converting disused offices and retail to homes

It’s already copleted two such conversions in the borough of Barking and Daghenham

The Guardian - AU

Australian government seeks urgent legal advice on double dissolution over housing bill standoff

Labor used question time to pile pressure on the Greens, accusing them of caring more about retweets than rentals

Wales Online

Possible Russian link with Llanelli hotel earmarked for hundreds of asylum seekers is raised in Parliament

Llanelli's MP has asked if the Government will look into the potential link, but the Home Office has failed to answer any of the questions put to it by the Local Democracy Reporting Service

Manchester Evening News

Iconic Toast Rack building put up for sale ahead of major transformation

The site which comprises the Toast Rack, Horseshoe, Gateway site and Stitching Hall

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Birmingham Post

Contract to design M5 improvements near Cheltenham secured

Galliford Try has entered into an Early Contractor Involvement agreement with Gloucestershire county Council

The Week

Where is the cheapest place to rent in the UK?

A growing number of young people are unable to fly the nest because of soaring rental costs, latest figures show.

The Independent UK

Michael Gove says 25-year fixed rates could ease mortgage crisis

Housing secretary suggests Canadian-type deals – as Sunak government under pressure to end ‘mortgage horror show’

Birmingham Post

Manchester's iconic Toast Rack building put up for sale

The site already has detailed planning consent for 211 homes

The Guardian - UK

Hunt rules out mortgage support or food price caps; Mortgage ticking time bomb is ‘now exploding’ – as it happened

Jeremy Hunt faces calls to introduce mortgage interest tax relielf from Conservative MPs at Treasury Questions, and rules out price caps on food

The New Daily

‘Juvenile’: PM seeks advice as housing policy stalls

Anthony Albanese says the government is seeking advice on the triggers for a double dissolution after the Greens delayed a key housing bill.

The Independent UK

William turns 41 in first birthday as Prince of Wales

The future king was born at St Mary’s Hospital, Paddington, at 9.03pm on June 21 1982.

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