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The Latest Breaking News on Real Estate

Strong demand for London real estate even in choppy economic waters

Huge new schemes at Canada Water and Brent Cross help power London’s continued growth

Evening Standard

East Lothian council tenants reject 5% rent increase and call for freeze to continue

East Lothian Council has one of the lowest rents in Scotland with most of its homes charged at between £71 and £74 a week - 15% below the Scottish average

Edinburgh Live

Landlord SLAMMED after filming himself telling tenant he's more than doubling her rent

Landlord Raul Bolufe, from Miami, US, has been criticised for uploading a video to TikTok which shows the moment he tries to double the rent of a mum-of-two working two jobs

Daily Mirror

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Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Guardian - UK

Edinburgh estate agency makes two senior appointments

Both new hires move from previous roles at Simpson & Marwick

Insider UK

Martin Lewis issues warning over how much mortgage payments will rise after interest rate hike

The Bank of England has put interest rates up again - here is Martin's take on the rise and how it will affect your mortgage

Chronicle Live

As homelessness crisis deepens, rural children pay the price

Unhoused children are at high risk in rural Vermont, which has the second-highest per capita homeless rate in the nation

The Guardian - US

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Man rushed to hospital after being found with 'serious injuries' in Scots flat

The 24-year-old was rushed to the Queen Elizabeth University Hospital in Glasgow where medical staff describe his condition as serious.

Daily Record

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

Daily Record

Editorial: Getting Fed up: Federal Reserve’s continuing rate hikes may be too much

The Federal Reserve shocked no one Wednesday when it announced another 25 basis-point hike to interest rates. Yet our lack of surprise doesn’t mean a lack of questions about the central bankers’ continuing anti-inflation warpath.

Tribune News Service

Why has the Bank of England hiked interest rates and what does it mean?

The decision was taken to help keep inflation under control.

The Independent UK

Awaab's Law: Damp and mould complaints surge as action promised following toddler's death

Landlords are under scrutiny

Manchester Evening News

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

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ABC News

Remote NSW council clarifies that King Charles does not own Wilcannia block with $15k in unpaid rates

A legal technicality has left people across far west NSW scratching their heads and wondering if His Majesty owns a small block of land in Wilcannia.

Newcastle Herald

Minmi Estate decision under review

The developer behind the latest stage of the $200 million Minmi Estate proposal is seeking a review of a Joint Regional Planning Panel decision to refuse subdivision applications for the project.

Dublin Live

Further interest hikes announced in major blow to mortgage payers

This is the fifth interest hike since last summer which will put more pressure on households struggling to keep afloat during the cost of living crisis

Newcastle Herald

Lunch looks at what's ahead for the Hunter this year

The Property Council of Australia held its Hunter Outlook 2023 lunch on Friday, where attendees heard from industry representatives about the region's position.

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Chronicle Live

North East Today: Controlled explosion of World War Two device and Wembley tickets latest

Your daily briefing on all the latest from across the North East

AAP

Borrowers continue to switch lenders seeking low rates

The total value of housing loan refinancing between lenders fell 1.5 per cent, but remained high at $19.1 billion in December, official figures show.

Chicago Sun-Times

Chicago gets $60 million federal grant to combat homelessness

Chicago’s grant was the biggest one in a pool of $315 million distributed nationwide. It will provide over 700 units of permanent supportive housing, as well as 50 units of short-term housing.

Tribune News Service

Outdoor shopping centers are hot, even in the cold

Strip malls and other outdoor shopping centers throughout the Twin Cities suburbs are busier than ever.

Irish Mirror

Mortgage holders to pay hundreds more per year after rate hike with another on the way next month

It means hundreds of thousands of households are waking up to the bad news

Caixin Global

China’s January New-Home Prices Drop Again as Buyers Wait and See

Declines drag into a seventh straight month despite the end of pandemic restrictions and a series of measures to bolster the real estate market

Tribune News Service

Mortgage rates in the US slip for a fourth week, hitting 6.09%

Mortgage rates in the U.S. fell for a fourth straight week.

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