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The Latest Breaking News on Real Estate

Top landlord Grainger says it will reap the rewards of wage inflation

“There’s a strong correlation between wage inflation and net rental income,” its boss said

Evening Standard

Former West Lothian care home transformed into affordable housing for those at risk of homelessness

A former care home in Livingston has been transformed by Almond into two shared-living homes, alongside a facility for the Rock Trust support team, for those who are at risk or affected by homelessness

Edinburgh Live

Greens and Senate unite to kick $10 billion Housing Australia Future Fund to the long grass

The Greens and Coalition have joined forces in a move that kicks Labor's $10 billion housing policy into the long grass, leaving the government's plans at a major road block.

ABC News

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Citizens' Advice helping 9,600 people a day in 'bleakest ever start to year'

The charity said it helped 94,000 people with food bank referrals and access to emergency charitable grants – a 178% increase

Wales Online

Interest rates to rise today to highest level in 15 years

It will be the 12th consecutive increase in the cost of borrowing - including mortgages

Wales Online

London’s ‘super-prime’ property market back to pre-Brexit levels

More than 160 luxury homes worth £10m or more have been sold in past year at a combined price of £3.1bn

The Guardian - UK

Previous luxurious home of crime boss Liam Byrne still hasn't sold after two years on the market

Number two Raleigh Square in Crumlin, South Co Dublin, went on sale in May 2021- after the Criminal Assets Bureau (CAB) seized it from Kinahan cartel gangster Liam in 2019

Dublin Live

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UK homeowners prefer ‘smaller, more energy-efficient’ homes, report claims

Buyer demand remains subdued in the face of relatively high borrowing costs, the Royal Institution of Chartered Surveyors says

The Independent UK

1.5m UK homeowners on variable rate mortgages face new borrowing rise

Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%

The Guardian - UK

Sydney oceanfront property sells for close to $45 million amid cost-of-living crunch

The bungalow was owned by late radio star Harry Griffiths and has been held by the family for more than six decades.

ABC News

Why local councils are the missing link in Australia's efforts to end homelessness

Homelessness in Australia is getting worse. It’s no longer just city centres where people are forced to sleep rough, live in their cars or rely on temporary shelter. The most recent census shows outer suburbs and regional areas are feeling housing pressures like never before.

The Conversation

No love lost between Greens and Labor as standoff over housing bill boils over

The Greens are in an excruciating position as they court angry renters while the government plays to middle-of-the-road voters

The Guardian - AU

Fierce debate flares as Greens stare down Labor push for vote on housing bill

Penny Wong withdrew comments personally targeting the Greens’ housing spokesperson, but accused the party of joining a ‘filibuster’

The Guardian - AU

Tears, fury in Senate as housing debate gets caustic

Jacqui Lambie has issued an emotional plea to remove politics from plans for a national fund to kickstart an affordable housing program.

The New Daily

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The Independent UK

Buyers seeking smaller and more affordable homes, property professionals report

Buyer demand remains subdued in the face of relatively high borrowing costs, the Royal Institution of Chartered Surveyors said.

Insider UK

Scottish housing market activity weakens - but prices still rise

Both demand and supply levels fell further into negative territory in the latest survey of surveyors

Chicago Sun-Times

City development agency backs housing plan for 63rd Street in Woodlawn

The plan would mix subsidized and market-rate homes on a commercial street plagued by vacant lots.

ABC News

Broome's rough sleepers plead for support as they wait years on social housing waitlists

With an average wait time of 235 weeks for social housing, rough sleepers and the services supporting them say more needs to be done to support vulnerable people in the tourist town.

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Bangkok Post

Condo-backed RealX token to debut on TDX

The RealX condo-backed token is on course to become the first digital asset to be traded on the Thai Digital Assets Exchange (TDX) later this quarter, with the aim of mobilising up to 3.5 billion baht, say executives.

The Hindu

Railways to go ahead with closure of five printing presses

The staff would be redeployed suitably and machinery, plants, etc., disposed of by the concerned railway in a manner to derive maximum value for money.

ABC News

Couple told they never owned Gold Coast home they bought now fear legal costs could ruin them

After a five-year court battle, the Morecrofts lost their Gold Coast family home. Now they're facing legal costs that could financially ruin them.

The Independent UK

New York City has 26 Empire State Buildings worth of empty office space after pandemic

Cities across the country struggling with what to do about empty office space

Birmingham Post

ResQ expands again with furthering of Hull city centre footprint and 160 more jobs

7,000 sq ft letting at Cherry Tree Court to complement Hammonds of Hull growth

The Guardian - UK

What is leasehold, and are there any alternatives?

Cladding crisis highlighted issues as leaseholders ask government to facilitate commonhold system

The Guardian - UK

Plans to abolish ‘feudal’ leasehold system in England and Wales dropped

Row between Michael Gove and No 10 results in end of promise to scrap leaseholds

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