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The Latest Breaking News on Real Estate

Spain to help young citizens fly the nest with foreclosed homes

Spain is aiming to help millions of young adults still living with their parents to rent their own homes by offering them properties abandoned when its housing market collapsed a decade ago.

Reuters

London’s rogue landlords fined a record £8.6 million by local councils in first three months of this year

A new report has revealed the worst offenders, including one landlord who illegally rented out a “squalid” apartment hidden in his extension

Evening Standard

Cathedral of scandals: How a presidential promise divided Ghana

The $400m state-funded church has become hugely controversial in Ghana as the country struggles with an economic crisis.

Al Jazeera

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Estate agent group’s profits grow amid rising rent inflation

The Property Franchise Group - whose brands include Martin and Co, Hunters and CJ Hole - said its lettings business had driven its ‘record’ results, amid a drop in property sales last year

Birmingham Post

Rents soar — big corporations profit

Six biggest property management companies in U.S. made $1.3 billion more in 2022 on inflated rents and extra fees

Salon

Inside UK's 'narrowest house' that's still got more storage than one twice the size

Eagle-eyed house hunters are fascinated by a £300,000 property in Bristol that's possibly one of Britain's narrowest - but uses the space better than bigger homes

Daily Mirror

Beeston 'completely changed' as popular former shop is demolished

The site is set to have 41 student flats

Nottingham Post

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Queensland developing further rental reforms to improve ease of minor modifications and security improvements

The Queensland government has flagged further changes to the state's rental laws – giving tenants more power to make security modifications and decorative changes to their properties.

ABC News

Pentagon sounds alarm over Biden plan for offshore wind sites

The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic U.S. coast, warning that almost all of the new terrain eyed for development conflicts with military operations.

Tribune News Service

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation

The premier says there's "no excuse" for the Greenacre listing but the agent says demand has been high for the uninhabitable home that requires a tenant to pay for a full renovation.

ABC News

RBA hints at further interest rate rises as minutes reveal pause was lineball

The nine board members were very close to raising the cash rate another 25 basis points in April due to inflation and labour market

The Guardian - AU

The RBA's interest rate pause was a close call that could change as early as next month

The Reserve Bank reveals its decision to pause its aggressive interest-rate-hiking strategy was a close call, while again warning that more hikes might be needed to tame inflation.

ABC News

Supreme Court Justice Clarence Thomas hit with new financial disclosure allegations

Supreme Court Justice Clarence Thomas was hit with new financial disclosure allegations as reports Monday said he plans to resubmit previous forms that omitted property sales to a GOP mega donor.

Tribune News Service

Key takeaways from Harlan Crow’s interview with The Dallas Morning News on Clarence Thomas

DALLAS — Harlan Crow, the Dallas real estate magnate whose friendship with Supreme Court Justice Clarence Thomas has drawn national attention, doesn’t believe they’ve done anything wrong.

Tribune News Service

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AAP

New Zealand house prices see small uptick

House prices in New Zealand may reached the bottom of the cycle, with the release of new data showing a small uptick in March.

Chicago Sun-Times

Cook County’s property tax system needs reform. Here’s how to fix it.

Accuracy in assessments, fair hiring, reforming the tax appeals process are some measures that must change, former Cook County Clerk David Orr writes.

Belfast Live

Lisburn homes: Council told to 'shout from rooftops' over two development year delay

"The answer we were previously given from the department, on its decision, was that they would be 'as quick as we can'."

ABC News

Inside the 'opaque' property tech sector that helps real estate agents decide who gets a lease in a rental shortage

Australian technology companies that process rental applications for the real estate industry appear to be pulling back their platforms, as consumer backlash grows about the fledgling industry's allegedly "opaque" practices.

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news in one place.

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AAP

Porter Davis failure robs customers of deposits

Porter Davis customers left in limbo following the collapse of the home builder are questioning how the company failed to insure their builds.

AAP

Reserve Bank minutes suggest May rate hike on the table

Fresh inflation data will set the scene for the Reserve Bank's next move, with another rate hike a live option for its board meeting in May.

Newsroom.co.nz

Master Builders contract 'almost comical', lawyer says

A well-known building construction litigator believes the contract used by Master Builders strongly favours the builder and is urging prospective homebuilders to seek professional advice before signing.

Manchester Evening News

Neighbours' fears over plans to turn big house into 22 studio flats

'They're not targeted at students,' says builder

Manchester Evening News

Objectors to affordable homes fearing criminality and plummeting house prices under fire

The 60 homes - 50 apartments and 10 three-bed houses - will take shape at the junction of Christie Road and Chester Road

Manchester Evening News

‘We just want to keep our beautiful field’: Community split over ‘affordable homes’ plan for estate’s green space

A group of locals say everyone deserves a home - but their beloved green space is not the right place for them.

The Guardian - AU

Rental crisis: Airbnb and holiday home owners urged to let out properties to long-term renters

Thousands of homes across Australia are listed on short-stay websites but councils’ call to action is ‘piecemeal approach’ to housing crisis, experts say

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