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The Latest Breaking News on Real Estate

‘Owning a home a dream’: Housing crisis hits Turks ahead of polls

Turkey is going through an immense housing crisis ahead of key elections amid hyperinflation and economic downturn.

Al Jazeera

Bona Mugabe’s $8m home, assets exposed in divorce angers Zimbabwe

Revelations about multiple assets linked to the Mugabe family have triggered outrage weeks after an Al Jazeera exposé.

Al Jazeera

Jim Chalmers attacks ‘coalition of weirdos’ as Labor pushes Senate to vote on housing fund next week

Treasurer says budget will include ‘additional measures’ to help renters as Greens launch last-ditch bid to restart negotiations

The Guardian - AU

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DWP warns Universal Credit claimants to act over expected rent increases

Many are expecting rent increases as we head into the new financial year

Nottingham Post

First-time buyers need £200 a month more for mortgage than they did a year ago

Across the UK, the average asking price for a first-time buyer type property currently sits at a record of £224,963

Wales Online

Mortgages for new UK first-time buyers up ‘nearly £200 a month’ on a year ago

Rightmove says rise is due to combination of higher home loan rates and record asking prices for properties

The Guardian - UK

Silk, mulberry trees and the WA 'get-rich' scheme that was tainted by 'scandals'

In the 1800s, the WA government invested in the lucrative silk trade, taking it to the "world stage". But in less than a decade its opportunistic silk ambitions "fell through".

ABC News

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Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

The Guardian - AU

London first-time buyer monthly mortgage payments up £363 in a year despite falling asking prices

New research reveals the true impact of rising interest rates on those looking to join the property ladder in the capital

Evening Standard

First-time buyers face £200 more a month on mortgage than last year, data shows

Rightmove said those with a 15% deposit may now pay an average of £1,056 per month.

The Independent UK

As the WA government commits $2.6 billion to social housing, here's how many homes that gets

Western Australia is going through what the government says is its biggest ever spend on social housing, at a cost of $2.6 billion. Here's what's being done, and why the question of whether it's value for money is complicated.

ABC News

Home building costs up 3.5%

Sanitaryware price hikes led to a 3.5% increase in the standard home construction price index in the first quarter of 2023 amid higher fuel costs, according to the Real Estate Information Center (REIC).

Bangkok Post

Michael Pascoe: Higher education rates also key to generational gap on home ownership

Generational factors are more to blame for the housing crisis than hipsters’ love of expensive smashed avo on toast.

The New Daily

Financier buys Jeffrey Epstein's private islands, with plans to create a resort

Financier Stephen Deckoff paid $60 million for Great St. James and Little St. James. He hopes to open a resort on the islands by sometime in 2025.

WEKU

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Daily Record

Scots landlords say they are being 'discriminated against' as result of 'unlawful' cap on rent increases

Landlords across the country have mounted a legal challenge against the Government at Scotland's highest civil court.

The Guardian - UK

Hunt and Braverman among five in cabinet earning thousands as landlords

Call for ministers to implement 2019 rent reform pledge as 38 Degrees reveals 87 MPs making money from property

The Independent UK

Real estate agent sparks debate after revealing he and wife sit in first class while children are in economy

‘I fail to see what lesson this will teach them,’ one critic says of plane seating arrangements

The Guardian - AU

NSW government expects 12 councils to call for strict caps on short-term rentals

Planning minister Paul Scully has spoken to mayors in state’s north about proposed 60-day cap for Byron

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news in one place.

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The Independent UK

Rent cap legislation ‘discriminates’ against private landlords, court told

Landlords are challenging a Scottish Government rent freeze at the Court of Session in Edinburgh.

Birmingham Post

International real estate management firm invests £8.9m in South West properties

AEW, which has offices in Boston, London, Paris and Hong Kong, has bought properties in Bath and Bristol

Liverpool Echo

Home with own swimming pool part of bumper property auction

Lots include a "mixed bag" fit for first-time buyers and investors

Salon

Thomas benefactor Crow covered tuition

Crow paid for private school for Thomas' great-nephew. Yet that fact remained previously undisclosed

Liverpool Echo

Plans for more than 60 new flats could “decimate” a community

A proposal for 66 apartments has been lodged on land in Kirkdale

Glasgow Live

Glasgow city centre plan for 350 flats with no car parking for tenants approved

The 'car free' development would boast a gym, courtyard and garden space on the roof top

Birmingham Post

LSL Property Services shakes up estate agency business with franchising model

It is part of a streamlining exercise being carried out at the Newcastle-based business

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