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The Latest Breaking News on Real Estate

Chinese banks try to revive housing market with mortgages for 95-year-olds

‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible

The Guardian - AU

How rising interest rates sent the UK housing market into reverse

An end to ultra-low rates mean borrowers can only afford smaller mortgages

The Guardian - UK

House hunters say they'd 'plummet to their death' on £5.8m home's baffling 9ft-drop bed

A quirky $7 million (£5.6 million) property's suspended bed overhangs a nine-foot drop over an indoor waterfall has left potential buyers fearing they would 'plummet to their death' after rolling over in the night

Daily Mirror

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UK mortgage market contracts for fifth month after Liz Truss mini-budget

Approvals at lowest since 2009 – bar during Covid lockdown – as demand for new homes continues to fall

The Guardian - UK

Bank of England boss signals interest rates may have peaked

But Governor Andrew Bailey says rates could rise again if inflationary pressures become embedded

The Guardian - UK

Car crushed after cut-down tree falls wrong way and crashes into Wicklow garden

The accident happened in Greystones yesterday evening

Dublin Live

Yousaf plans empty homes buy-back for rural and key workers

The SNP leadership candidate also vowed to support local authorities increasing council tax on empty homes.

The Independent UK

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Humza Yousaf backs changes to council tax rates for second homes in Scotland

HUMZA Yousaf has committed to backing a rise in council tax on second homes should he win the SNP leadership race.

The National (Scotland)

House prices suffer worst slump in 11 YEARS as higher mortgage rates hit buyers

House prices have fallen on a monthly basis for six months in a row, according to Nationwide which may sound like good news, however, the reason for the fall is due to higher borrowing costs for buyers

Daily Mirror

Persimmon warns on profits after economic turmoil hit the housing market

Housebuilding giant Persimmon’s boss cautioned that sales rates seen over the last five months mean completions will be down markedly this year

Evening Standard

Record year at Skipton Building Society accompanied by warning on tougher times

The country's fourth largest building society saw revenues of £1.5bn during 2022 and profits rising almost 10%

Birmingham Post

House prices fall by 1.1% in first annual decline for years

Prices are now 3.7% lower than their August 2022 peak

Wales Online

Persimmon forecasts big drop in housebuilding in 'uncertain' market

The York-based firm has reported revenues of £3.8bn in 2022

Birmingham Post

WA home builder BGC suspends new orders as Mark McGowan denies government stimulus packages are to blame

Mark McGowan refuses to concede his government's pandemic home stimulus grants overheated WA's housing market, as thousands struggle to get new home builds finished.

ABC News

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Glasgow Live

Scottish Government halts controversial Glasgow flats plan for Merchant City car park

Over 140 objections were submitted in response to plans to build flats on Ingram Street with concerns raised that the development could threaten the future of a nearby music venue.

The Guardian - UK

Bank of England chief signals interest rates may have peaked; mortgage approvals and house prices fall – as it happened

UK house prices fall year-on-year for first time since June 2020; consumer credit doubles as people borrow more on credit cards amid cost of living crisis

The Guardian - AU

Meet the Nassifs: the Sydney property developer, a Lamborghini and a daughter on bail

A multimillion-dollar apartment complex found to have building defects is also now the centre of a police investigation

The Independent UK

House prices dipped 1.1% year-on-year in February, Nationwide reports

The building society said it was the first annual decline recorded since June 2020.

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news in one place.

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Evening Standard

House prices fall at the fastest rate since 2012 says Nationwide

House prices are falling at their fastest rate in more than a decade latest figures show today.

Manchester Evening News

Mum's anger after housing association carry out two weeks of works on her home

'They said it’s technically liveable, but I don’t agree'

Evening Standard

Searching for a home to rent in London? How to get ahead of the competition — and what you can ask for in return

Competition for rental properties is fierce. Here’s how to stand out — and what you can reasonably ask of your landlord when entering into a new tenancy agreement

Manchester Evening News

Awaab's Law: What we know ahead of MPs debating crucial Bill this afternoon

MPs will finally get to debate Awaab's Law today

The Guardian - AU

Afternoon Update: ‘Worst of inflation behind us’; China angry over TikTok bans; and why you should walk 11 minutes a day

Australia’s economy loses steam as interest rates bite

AAP

Fraud-accused Sydney lawyer bailed on $2.6m surety

Lawyer Ashlyn Nassif cannot contact her father, controversial property developer Jean Nassif, and 24 other people as part of her bail granted by a magistrate.

The Guardian - AU

Daughter of Sydney developer released on bail after being charged with fraud offences

Court hears allegations against Ashlyn Nassif, 27, relate to Skyview development in Castle Hill

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