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The Latest Breaking News on Real Estate

Sunak urged to build more new towns to tackle collapse in home ownership

David Willetts asks PM to consider a postwar-style plan for affordable homes in next Tory manifesto

The Guardian - UK

Award-winning East Lothian developers urged to talk to neighbours about privacy and parking

The Longniddry South housing estate was named Large Development of the Year 2023 by Homes for Scotland and has been praised by councillors for its high quality design

Edinburgh Live

New plans for 100 homes in Radcliffe-on-Trent put forward after housebuilder makes changes

Altered plans have been submitted by housebuilder Avant Homes, which is looking to construct 102 houses on three large fields measuring 12.63 hectares off Nottingham Road, Radcliffe on Trent

Nottingham Post

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Plans for more than 65 homes on land around Saddleworth School to go before councillors

The site was formerly partly occupied by Shaw Pallet Works which ceased trading in 2006

Manchester Evening News

NSW government shelves controversial ‘secret rent bidding’ ban after warnings of price increases

Chris Minns says dropping the proposal will make it easier to pass other changes through parliament

The Guardian - AU

Australian-first affordable rental scheme a ‘massive relief’ for Victorians faced with housing crisis

Exclusive: About 2,400 homes will be available for low- to middle-income renters under ‘big housing build’

The Guardian - AU

Property boss admits 'underestimating' historic building's refurbishment and wants to demolish it

Alex Watson says the property would cost around £1.3 million to renovate.

Daily Record

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Historic East Lothian beach house gets go-ahead for roof terrace

Seafield, in North Berwick, was built in 1897 facing the town's West Beach and still has its original front door

Edinburgh Live

Funding secured for new 'build to rent' apartments in Titanic Quarter

The Loft Lines development will consist of 627 build to rent apartments and 81 social homes

Belfast Live

The heartbreaking reason Trump donor couple adopted daughter who died in Virginia plane crash aged 40

Businessman John Rumpel says his daughter, grandchild and nanny were on board the Cessna Citation that crashed in Virginia

The Independent UK

Half of big international firms to cut office space in next three years – survey

Survey of 350 businesses shows 56% favour hybrid working

The Guardian - UK

Gov. Pritzker should quickly sign bill to reform property tax scavenger sales

The bill, once it’s law, could become a significant redevelopment tool by making it easier to get tax-delinquent vacant properties in Cook and other counties back into use.

Chicago Sun-Times

Housebuilders cut back on construction as UK mortgage rate rises spook buyers

Work on residential building sites slips in May to weakest level since 2009

The Guardian - UK

Edinburgh garage near Leith Walk set to be demolished to make way for 112 student flats

Two local community councils have objected to the plans.

Edinburgh Live

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The Guardian - US

Climate risks have made California uninsurable. When will we wake up?

State Farm will almost entirely stop issuing new policies in California – with climate-exacerbated wildfires and bad public policy a large reason why

Kiplinger

Buying a House Could Be the Best Investment You Ever Make

Homeownership is the largest source of wealth for many. If you're facing home-buying hurdles, real estate agents who are Realtors and certified housing counselors can help you get there.

Evening Standard

Interest rate fears drive housebuilding down at pace only seen during pandemic and financial crisis

The data “will send a chill down the spine of the UK economy”, economist Dr John Glen said

Axios

Uninsurable America: Climate change hits the insurance industry

The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business.

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The Guardian - UK

What’s the Caribbean without its beaches? But the people are losing access to them

Barring public access to beaches and other sites is not a model for development. Transparency and engagement are needed

ABC News

Frasers Property Australia apologises, promises to fix defects in Shell Cove homes on NSW south coast

Frasers Property Australia says 12 remedial teams are fixing "design issues" in some of the 3,500 homes being built in Shellharbour, but some residents are critical of the slow pace.

ABC News

Torquay business owner takes on second job as interest rates rise again

Mia De Rauch says she has "no more time to give" as she runs a video production business and works hospitality shifts to keep up with increasing mortgage repayments and bills.

The New Daily

Interest rates hiked in June: RBA moves to 4.1 per cent amid fears about inflation plan

The Reserve Bank raised interest rates another 0.25 percentage points in June and has signaled more could be on the horizon.

The Guardian - AU

RBA interest rates: Reserve Bank increases cash rate by 25 basis points in attempt to quash inflation

RBA decision to raise Australia’s cash rate by another 25 basis points brings the official rate to 4.1%, its highest level in 11 years

The Conversation

How India's 'slum-free' redevelopment fails residents by ignoring their design insights and needs

I’m in Ahmedabad, India, standing where families once built their homes under the shade of large trees. Today, those houses are a flattened dust bowl at the edge of a construction site. Apartment buildings are replacing the low-rise, high-density settlement called Ramapir No Tekro, the city’s biggest informal settlement.

The Conversation

Housing and heritage aren’t mutually exclusive – a few basic rules can help get the balance right

Anyone trying to follow the latest political debate over housing, urban intensification and development can be forgiven for feeling confused.

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