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The Latest Breaking News on Real Estate

Controversial extension plans ‘better placed in Ibiza’ refused on appeal

Dozens of residents objected to the plans

Liverpool Echo

Rent in Australian capital cities climbs record 11.7% in 12 months

Combined rent in the capitals increased 11.7%, with relief for tenants ‘unlikely’ in the short term as demand continues to outstrip supply

The Guardian - AU

RBA surprise interest rate hike catches out seasoned pundits and borrowers alike

For many of the Reserve Bank’s first 10 increases, the question was the size of the hike – not whether one was coming

The Guardian - AU

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Plans for 236 East Lothian homes set for approval despite objections

New plans for a residential development in East Lothian have been submitted to Edinburgh Council, which would bring 236 new homes as well as a commercial development and green spaces to the area.

Edinburgh Live

House builder makes Strawberry Fields development a new chapter in fruitful relationship with MKM

MR Builder is behind Keyingham project linking up with the builders' merchants' new retail outlet

Birmingham Post

Sunak and Starmer are obsessed with home ownership. Neither seems to want to fix the housing crisis

Both parties emphasise ‘getting on the ladder’ to win middle-class votes, says author Kieran Yates

The Guardian - UK

Brits fly out to Ibiza holiday home to find family have moved in and changed locks

The head of the Crown Prosecution Service Extradition Unit, Marc Robinson, is involved in his own legal battle in Ibiza to try to recover his property from squatters

Daily Mirror

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Two homes with very enviable postcodes up for auction

The properties are located in two sought after area of Merseyside

Liverpool Echo

The No.1 Retails REIT to Own in May 2023

Experts are optimistic about REITs and expect increased IPO activity and M&A this year. So, it may be worthwhile for investors to consider investing in fundamentally strong REIT Saul Centers (BFS), which has a strong focus on stable dividend distribution and robust financial performance. Keep reading.

StockNews.com

‘Deadly serious’: Why Philip Lowe thinks interest rates could rise again amid inflation fears

Interest rates will force another round of painful mortgage bill hikes to ensure inflation keeps falling from 30-year highs, Philip Lowe says.

The New Daily

Philip Lowe says rebounding property market among reasons for shock RBA rate increase

Governor of central bank says rate pause in April had given board ‘more time to assess the pulse of the economy’ before Tuesday’s increase to 11-year high

The Guardian - AU

‘Tentative signs of a recovery’ as UK house prices rise month on month

Average UK house prices had fallen for seven months in a row before April’s slight increase

Evening Standard

Devon housebuilder signs contract for 20 social and affordable homes at Okehampton site

Housebuilder Persimmon has agreed a contract with Teign Housing for the purchase of 20 homes at is Fatherford View site

Birmingham Post

Warning from insurer LV= to watch out for thieves during King's coronation

Insurer LV= said there was a spike in claims after the Queen's Platinum Jubilee last year

Wales Online

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The Independent UK

Insurer issues theft warning as people prepare to celebrate coronation

LV= General Insurance has some tips for households to help keep their home safe, if it will be left unoccupied over the weekend.

Evening Standard

Baby Boomers now own more than three quarters of nation’s property wealth

New statistics lay bare the huge generation wealth gap in London and how it has increased over the past decade

The Guardian - AU

Labor MPs condemn ‘discriminatory’ plan to increase jobseeker only for those over 55 in budget

Concerns growing that any changes to rental assistance will also fall along generational divides

Insider UK

Prominent George Street property set to be 'defurbished'

The transformed offices should provide ‘much-needed’ supply to the capital

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The Guardian - UK

UK house prices rise for first time in eight months

Nationwide expert hails ‘tentative signs of a recovery’ as buyers’ confidence improves

Liverpool Echo

Warning to all first-time buyers after April increase

Rising rents may be encouraging some first-time buyers to make the jump onto the property ladder

The Guardian - UK

UK house prices rise after seven months of falls; Uber revenues jump; eurozone inflation rises to 7% – as it happened

Nationwide reports that UK house prices shows ‘signs of stabilisation’ in April, rising unexpectedly by 0.5%

The Independent UK

‘Tentative signs of a recovery’ as house prices rise month on month

Average UK house prices had fallen month on month for seven months in a row before April’s pick-up, Nationwide Building Society said.

Nottingham Post

Life on 'developing' Nottinghamshire estate attracting residents from across the country

Many say they chose to live there specifically for its links to Nottingham city centre

Evening Standard

‘Why we sold our north London house to rent near Woking — for more than our mortgage’

The Coldrey family sold their semi-detached house in north London, initially to rent near Woking in Surrey

The New Daily

Reserve Bank hikes interest rates in May despite slowing inflation

The RBA has dashed hopes of another pause in interest rates, resuming hikes in May amid fears inflation - though slowing - is still too high.

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