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The Latest Breaking News on Real Estate

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

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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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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.

Glasgow Live

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 - UK

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 Guardian - AU

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.

The Independent UK

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.

Evening Standard

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'

Manchester Evening News

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

Evening Standard

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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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Chicago Sun-Times

It’s easier when you pick your voters

Chicago’s gerrymandered ward map is the forgotten participant in Tuesday’s City Council elections.

ABC News

Family mechanic business closes after 46 years amid 'tightest' rental market in Sunshine Coast history

A long-running family business on the Sunshine Coast has shut its doors for good, with the owner blaming a lack of affordable rental options.

ABC News

Gold Coast real estate data shows unit prices rising at faster rate than houses

Unit prices on the Gold Coast have risen by 3.95 per cent over the past quarter, while house prices have risen by 0.36 per cent.

Bristol Post

Planners say 'no' to project to transform Bristol's 'Crack Alley' because new flats will 'harm' the neighbourhood

The plan for student flats and new homes will damage the Stokes Croft conservation area

The Guardian - AU

Albanese rejects changes to capital gains tax on the family home, ‘full stop, exclamation mark’

Prime minister says it’s a bad idea to change the capital gains tax concessions on family homes

Newcastle Herald

Newcastle house prices up but it might be short-lived

The median house value is $818,893.

ABC News

Sydney developer Jean Nassif's lawyer daughter charged with fraud offences after police raids

Sydney property developer Jean Nassif's 27-year-old daughter Ashlyn is granted bail after spending the night behind bars.

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