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The Latest Breaking News on Real Estate

Consumer confidence plunges to COVID lockdown lows

Consumers are feeling wobbly after the Reserve Bank's tenth interest rate hike in a row and amid stubborn inflation.

The New Daily

Fresh push for changes to 'distorted' GST system

The distribution of GST among states is an "affront to decency" and must be rectified by the federal government, Victorian Treasurer Tim Pallas says.

AAP

Plans for £450m transformation and to create almost 2,000 jobs unveiled

The team behind the proposed scheme have said the development could provide a £138m economic boost

Birmingham Post

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Developers focus on more US rate hikes

Developers are more worried about the impact on the housing market of future interest rate hikes by the US Federal Reserve than they are about the sudden collapse of Silicon Valley Bank (SVB).

Bangkok Post

Sinn Féin quiz Commissioner Drew Harris on people 'having to sleep in Garda stations' after eviction ban end

Sinn Féin has written to both the Garda Commissioner Drew Harris and Taoiseach Leo Varadkar over the last two days asking for clarification over the eviction ban that will end on March 31

Irish Mirror

Shocking image shows extent of coastal erosion over 30 years as houses are demolished

Aerial footage shot over three decades shows properties on the east coast of England being lost one by one as residents are left wondering whose home will be affected next

Daily Mirror

Australia records largest drop in house and unit values within one year, CoreLogic data shows

Australia records its largest decline in house and unit values, according to CoreLogic data, with a drop of 7.9 per cent in a year.

ABC News

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Two men behind controversial New Norfolk housing project facing drug trafficking charges

Two men involved in a housing development north of Hobart are facing criminal charges in Canberra, with police allegedly finding drugs and firearms during a raid at one of the men's properties.

ABC News

Residents in east London flats ‘complained about overcrowding before fatal fire’

Mizanur Rahman, 41, died after the blaze tore through his flat in Shadwell

Evening Standard

Vast new Nottinghamshire housing estate set to be built around man's home

A total of 250 homes will be built on land off Shilo Way in Awsworth, after councillors followed a recommendation to approve the plan at Broxtowe Borough Council's planning committee on March 8.

Nottingham Post

Council tax premiums on long-term empty properties in Cardiff go up again

The council has also introduced a premium on second homes

Wales Online

China’s top property developer expects first loss since 2007 flotation

Country Garden’s 2022 forecast is another blow for country’s embattled sector

The Guardian - UK

Excello Law launches in Nottingham with arrival of senior insolvency team

Nicky Calthrop-Owen, Victoria Dunstall and Annabel Whittaker have joined Excello from Actons

Birmingham Post

Pub chain puts dozens of sites across UK up for sale

Marston’s Brewery puts 61 pubs on the market

The Independent UK

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Ballotpedia

Federal Register weekly update: More than 5,000 documents added so far in 2023

The Federal Register is a daily journal of federal government activity that includes presidential documents, proposed and final rules, and public notices. It is a common measure of an administration’s regulatory activity, accounting for both regulatory and deregulatory actions.

Evening Standard

SVB is a victim of the US Federal Reserve’s obsession with inflation

City Voices: Ramping up interest rates so quickly was bound to create mayhem

The Guardian - AU

‘I was in tears’: collapsed ceiling in family home a sign of dire state of NSW public housing

A month after a storm made his son’s bedroom uninhabitable, mushrooms were growing in the skirting boards and Dean Kahukiwa was still waiting for repairs to begin

Birmingham Post

Northern housebuilders Bellway and Persimmon sign up to post-Grenfell safety scheme

The companies have committed to the Self-Remediation Terms that will cost them hundreds of millions of pounds

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Evening Standard

OPINION - Controlling inflation is the battle of our times — and fortune will favour the bold

The Bank of England appears to be as confused as everybody when it comes to the outlook for interest rates. At the beginning of the month, a speech by the Bank’s Governor Andrew Bailey triggered hugely conflicting headlines. They ranged from “Bailey downplays talk of sharp rise in interest rates”…

Daily Mirror

Man who bought home on 'UK's most dangerous street' for £5,000 says it's now worth £1m

Hasan Rezvan, 75, bought the four-bed property in Brixton, south London in 1970 after moving to the UK from Cyprus - despite the area's bad reputation it has since skyrocketed in value

Bristol Post

Plans revealed for 2,500 new homes at Bristol industrial site

The public has been invited to share opinions on early development plans

WEKU

Racial bias often creeps into home appraisals. Here's what's happening to change that

Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.

Evening Standard

London housing association Network Homes enters merger talks with Sovereign Housing Association

Combined entity would have income of more than £830 million per year

The Guardian - UK

If we sell our property abroad and move back to Britain, should we rent or buy?

We wonder whether a mortgage should wait while we build up UK bank accounts and credit scores

Wales Online

Man who bought house for £5,000 says it is worth £1m - and explains how to do it

It has taken more than 50 years but Hasan is now a property millionaire - and he has advice for those wanting to get on the ladder

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