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The Latest Breaking News on Real Estate

2 Real Estate Stocks That Might Not Survive 2023

Rising mortgage rates amid the Fed’s rate hiking campaign have hampered homebuyer sentiments. While further rate hikes are anticipated, fundamentally weak real estate stocks Opendoor Technologies (OPEN) and WeWork (WE) might be best avoided in 2023. Keep reading.

StockNews.com

MIPIM to showcase £15bn in West Midlands regen opportunities

Delegation will host more than 30 events at next month’s global property conference in France

Birmingham Post

Six new flats to be created above former Clinton Cards and Game shops on Ayr High Street

The developers have been given the green light to create six one-bedroom flats which will eventually be used as part of South Ayrshire Council's Affordable Housing stock.

Daily Record

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read the most diverse news in one place.

Plans for 4,500 homes, 3.4m sq ft of employment space and 5,000 Derby jobs set to take step forward

The South Derby Growth Zone is being planned for land to the south of the city between Sinfin and Chellaston

Birmingham Post

Nationwide slashing up to 450 jobs as part of huge business shake-up

The Nationwide Building Society spokesperson said the job losses would enable the building society to "increase investment in the value and service we provide our members"

Daily Mirror

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

The Guardian - AU

Spy balloon videos dominated TikTok. Why didn’t China stop them?

TikTok insists it is not a propaganda tool of the Chinese Communist Party. Viral coverage of the Chinese spy balloon showed it not only allowed but promoted content critical of the authoritarian government

The Independent UK

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UK house sales outlook for 2023 remains ‘uncertain’, says Barratt

Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautious

The Guardian - UK

Hidden road where houses cost double those around

Properties down the street include Victorian manors and quirky new builds

Liverpool Echo

Migrating Americans Seek Lower Taxes and Greater Freedom

There are many reasons people move, but overburdening your citizens is a good way to lose them.

Reason

Belfast Council pressing Stormont to create rent controls to fight soaring rent in city

“I am sure many members will be able to tell anecdotal stories about hugely escalating rents in their areas."

Belfast Live

Council tenants warned of 3.5 per cent rise as rent freeze ends

The average rent will now be around £83.22 per week

Daily Record

Edinburgh lane in prestigious neighbourhood up for sale for whopping £349,000

The Morningside lane home would be the perfect opportunity for any developers or potential home owners to sink their teeth into. The property would be ideally located.

Edinburgh Live

American cities are racing to bring electric charging stations near you

Los Angeles — a leader — attaches EV charging stations to streetlights.

Axios

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news in one place.

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Wales Online

This is how much extra you'll have to pay on your council tax for policing in your south Wales community

'In the 10 years I have had the responsibility of proposing the level of local support for policing in South Wales, setting this precept has been the most difficult' - South Wales Police and Crime Commissioner Alun Michael

StockNews.com

2 Real Estate Stocks to Sell ASAP and 1 to Buy

Home buying sentiment has been improving lately. Moreover, declining mortgage rates should further support the real estate industry. Given the sound prospects of the real estate sector, investors could consider buying quality real estate stock, AMREP (AXR). However, WeWork (WE) and Opendoor Technologies (OPEN) might be best avoided considering their…

Dublin Live

Council will defend 'de-zoning' of St Anne's Park despite DCC boss's advice

Property Group Marlet, which owns the site, had threatened to sue the Council which they said would "cost the taxpayer hundreds of thousands of euros in legal costs"

Birmingham Post

Innes England: Tough East Mids commercial property market could bounce-back after shock of ‘Trussonomics’

Strong investor momentum started to fade in the second half of 2022 with interest rate rises

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news in one place.

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Birmingham Post

Britain’s biggest homebuilder hoping better mortgage deals could stimulate UK housing market

The average selling price of a Barratt home was up 13.6 per cent to £372,000 in the second half of 2022

The Independent UK

UK house prices fall for fifth month in a row – here are the regions most affected

Average house price last month was £258,297

Evening Standard

Barratt observes “early signs of improvement” in trading as home reservation levels rise

The UK’s largest housebuilder saw some early signs of improvement in trading during January 2023

Daily Record

Frustration grows in Glenkens as eyesore building holds up community housing development

Scaffolding on a former bakehouse in Balmaclellan is claimed to be encroaching on land due to be developed by The Pamela Young Trust

Birmingham Post

Grainger buoyed by demand for private rented homes as market remains resilient

The landlord and developer said it was operating at a record 98.7% occupancy across its portfolio of 10,000 homes

The Guardian - UK

FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

Daily Record

Rent freeze in Scotland 'diverting millions of pounds in development to England'

A leading Scottish architect called a government intervention in the private rental sector "well-intentioned" but warned it was now "proving to be damaging".

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