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The Latest Breaking News on Real Estate

Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing – business live

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

The Guardian - UK

Afternoon Update: Record rent rises in capital cities, winter illness warning; and Shannen Doherty’s breast cancer spreads

Australia’s housing stress worsens, and the 90210 actor reveals the terminal breast cancer she has been receiving treatment for has now spread to her brain

The Guardian - AU

Govanhill flats evacuated over safety fears still standing eight years later amid legal 'stalemate'

Eight flats at 37 Annette Street were evacuated back in 2016 after building standards officers deemed the building to be unsafe and concluded that it must be demolished.

Glasgow Live

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Property experts remain optimistic despite challenging housing market in Wales

Surveyors said the downturn in house sales could be bottoming out

Birmingham Post

London’s share of international super-prime property market takes hit in 2023

London’s super prime market was hit by interest rate rises and the Truss mini budget, according to a new report

Evening Standard

‘It would really help us’: renters in the UK who want a 100% mortgage

No-deposit loan presents possible route out of rental trap to those deemed eligible

The Guardian - UK

As migrants, we were sold a home and an Australian dream of financial security. Now we feel cheated

The Reserve Bank lifts interest rates each month and Philip Lowe tells our family to slash spending. But what’s left to cut

The Guardian - AU

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Australia’s capital cities record largest ever annual rent increases as housing crisis worsens

Over 40% of suburbs recorded rental increases of 10% or more in the past year, according to CoreLogic

The Guardian - AU

Stock of homes for sale picking up but ‘storm clouds are gathered’

May marked the strongest reading for new property listings since March 2021, the Royal Institution of Chartered Surveyors said.

The Independent UK

Demand weakens in Scottish residential market

Further interest rate rises may mean more downward pressure on the market in the months ahead

Insider UK

Morning Mail: ‘mortgage cliff’ looms, Keating’s Aukus email, Head start for Australia in cricket

Rate hikes mean households must find an extra $15,000 a year on average loan, FOI reveals former PM’s explosive letter, and US cities enveloped in smoke from Canada fires

The Guardian - AU

Land trusts offer an innovative way to help the middle class afford a home

Makeisha Robey grew up in a three-bedroom house and always wanted to provide the same for her children

The Independent UK

Enough density on housing 'debate'

Our current political environment only contributes to a state of inaction and delay in addressing critical and urgent urban matters, writes Iresh Jayawardena

Newsroom.co.nz

Greenwich: Plans for 1,200 new homes on IKEA car park withdrawn by developer

Plans to build more than 1,200 homes around the Ikea store in Greenwich have been withdrawn by a developer due to “spiralling costs” of construction and building materials.

Evening Standard

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The Independent UK

Iowa Gov. Reynolds asks White House for help after partial building collapse

Gov. Kim Reynolds has asked the White House for reimbursement for the response to a partially collapsed building in Davenport, Iowa, and assistance with the demolition of the remaining structure

Bristol Post

Bristolians given priority for homes being built at key South Bristol development

A total of 50 new homes are being built at the site in South Bristol

The Guardian - AU

Essential workers priced out of housing near Sydney workplaces face even longer commutes

Teachers, nurses, social workers and emergency responders are already clustered in areas where housing is cheaper, data shows

The Guardian - AU

How gentrified is your postcode? Search our map of Australia’s capital cities

Exclusive: A third of suburbs in Sydney and Adelaide are already highly gentrified – and other capitals are on a similar trajectory

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The Independent UK

Map reveals regions worst hit by slowing house price growth

The figures appear to show a divide between the north, where prices are still growing and the south, where they are slowing

Evening Standard

London house prices fall year-on-year for first time since 2012 as interest rates continue to rise

The Halifax research showed some of the biggest price falls were in London and the South East

Daily Record

Proposals for 12 flats in Ayr's 'theatreland' are unveiled by developers

If approved, then 10 two-bedroom flats and two one-bedroom flats would be created within the site- right in the heart of Ayr town centre.

Daily Mirror

Virginia plane crash: Mum killed in crash was adopted at 40 by Trump donor's family

Adina Azarian, a top real-estate agent in the New York area, was adopted at age 40 by John and Barbara Rumple according to her biological family, after a chance encounter

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Guardian - UK

UK house prices experience annual fall for first time in decade, data shows

Price of average home in May was 1% lower than in same month last year, according to Halifax figures

Evening Standard

Chelsea landlord Cadogan toasts growth as CEO calls for rethink on ‘tourist tax’

Landlord Cadogan has an association with Chelsea that began more than 300 years ago

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