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The Latest Breaking News on Real Estate

Canada's ban on foreign homebuyers is unlikely to affect housing affordability

As of Jan. 1, 2023, foreign buyers are banned from buying homes in Canada for two years under the Prohibition on the Purchase of Residential Property by Non-Canadians Act. The ban was passed in June 2022, but only came into effect this month.

The Conversation

National rents soared by 10.2 per cent last year. Here’s how much rent costs in Australia’s most expensive and affordable suburbs

Tenants endured the biggest-ever rent increases last year, with national rents jumping by 10.2 per cent.

ABC News

New — and old — strategies for cash-strapped home buyers

Housing prices have more doubled during the past decade, and mortgage rates have done the same in less than a year. So what's a cash-strapped home buyer to do?

Tribune News Service

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Dallas-Fort Worth’s 38% decline in new home construction is the largest since 2009

The end of 2022 marked the largest decline in quarterly North Texas home starts since the Great Recession as buyers pulled back due to higher mortgage rates and affordability challenges.

Tribune News Service

‘Housing will remain weak throughout the winter,’ economist says

There is one troubling word that Freddie Mac’s chief economist Sam Khater uses to describe the winter 2023 housing market: weak.

Tribune News Service

Resetting ties, UK's Sunak to have private dinner with Scotland's Sturgeon

British Prime Minister Rishi Sunak will travel to Scotland and meet first minister Nicola Sturgeon on Thursday for a private working dinner, as part of efforts to reset the two nations' strained ties.

Reuters

Higher interest rates for struggling borrowers set to compound mortgage woes

Hundreds of thousands of the most vulnerable mortgage borrowers risk being locked into uncompetitive interest rates as falling property values reduce or remove their ability to refinance.

ABC News

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Extension of rent freeze for private tenants backed by SNP/Green Government

The rent cap expires on March 31 but Scottish ministers can seek parliamentary approval to extend the legislation for two six-month periods if necessary

Daily Record

Northern Ireland councils get new powers to fine landlords

Councils can fine on breaches concerning tenancy deposits, receipts, and notice to quit a tenancy.

Belfast Live

Homes Under The Hammer bargain seaside house that had Martin Roberts 'in a state of shock'

The journey of the renovation of this Welsh terrace has been a long one, with the BBC's popular property show Homes Under The Hammer having to revisit twice over almost eight years

Wales Online

Taoiseach to seek legal advice on whether ex-Minister Damien English breached planning law

The Meath West TD resigned as Minister of State at the Department of Enterprise over his failure to declare ownership of a property when applying for planning permission for another Meath home in 2008.

Irish Mirror

Thousands missing out on €1,000 boost due to lack of awareness of Budget 2023 changes

As rents continue to soar alongside a shortage of housing, thousands of people should benefit from the €1,000 boost announced in Budget 2023

Irish Mirror

Scotland's rent freeze set to be extended as 'necessary' for tenants, minister says

Tenants' rights minister Patrick Harvie told MSPs he will recommend that MSPs approve an extension to the freeze on private rent rises.

The National (Scotland)

Nottingham City Council reviewing how it handles damp and mould complaints

Following the tragic death of Awaab Ishak in Rochdale, who a coroner ruled died from exposure to mould, Nottingham City Homes is reviewing how it deals with complaints.

Nottingham Post

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Daily Record

Quad bikes, loud music and pets among noise nuisance complaints in Paisley

Councillor Janis McDonald described the issue as “very challenging” as she reflected on concerns raised by constituents.

Los Angeles Times

Q&A: ‘The city is demanding the tents go away,’ LA Mayor Karen Bass says of homelessness

LOS ANGELES — When she was running for mayor of Los Angeles last year, Karen Bass spoke often about how the homelessness crisis is what prompted her to leave a safe seat in Congress and “come home.”

Tribune News Service

Real estate Q&A: Can the board make us pay for background checks after we inherited condo?

Q: My sister and I inherited a condo when my mom passed last year. We have been living here for a year with no problems. We plan to sell the apartment and move later this year to be closer to family. We got a notice from the board that we…

Tribune News Service

Here’s what snowbirds need to know about homebuying this season

It’s buying season for snowbirds, the time of year when out-of-state seasonal buyers flock to South Florida for their second home.

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Daily Record

New housing development aimed at 'maximising independent living' opened in Livingston

The 146-home development was opened by Cabinet Secretary for social justice, housing and local government, Shona Robison MSP.

Edinburgh Live

Edinburgh property: Insane flat with 'pub for a living room' hits the market

The property is being advertised as offers over £220,000 and those

Nottingham Post

'Amazing' free security equipment leads to drop in burglaries in Nottingham hot spot

The scheme is now open to residents in Bestwood and Top Valley

The Independent UK

Monthly mortgage costs doubled for some first-time buyers, Persimmon says

The British builder revealed that its sales took a hit over the last three months of the year because of weaker customer demand.

Daily Mirror

Martin Lewis' MSE website explains if you should fix into a mortgage deal now

After shooting up in September last year, fixed rate mortgage deals have been falling the past couple of months. But is now a good time to lock in? Here we take a closer look at your options and the forecast ahead

The Guardian - UK

When people are asked to vote to demolish their homes, you have to ask if this is true democracy

London housing estate residents must now be balloted on redevelopment plans. But in practice, the process is wanting, says journalist Francisco Garcia

Daily Mirror

Victory in battle over rogue tax reclaim companies

HMRC brings in new rules to tackle 'unacceptable' behaviour in reclaim industry

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