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The Latest Breaking News on Real Estate

Vulnerable on rent support falling behind

The federal government has been urged to boost rental assistance payments to take the sting out of fast-rising rents.

AAP

King sues Elon Musk in battle over unpaid rent

Britain's Crown Estate has launched court proceedings against Twitter over alleged unpaid rent on its London headquarters.

The New Daily

Mayoral candidate Brandon Johnson unveils tax-the-rich plan to bankroll social services

Johnson wants to “make the suburbs, airlines and ultra-rich pay their fair share” to generate $800 million in new revenue. His plan includes a Metra “city surcharge” to raise $40 million from the suburbs.

Chicago Sun-Times

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South Lanarkshire Council to raise rent by 3.5 per cent

Councillors approved the rent increase as well as a £63.91 million investment in council housing.

Daily Record

London hotel purchases dried up amid political uncertainty

Property investors retreated almost entirely from London’s hotel market in the final months of 2022 when political turbulence knocked buyer appetite, but a bounce back is expected, according to a report.

Evening Standard

How much have rents increased post-COVID 19 (or since 2020)?

Rents rose in 58% of all counties nationwide between 2020 and 2023. Data shows that rents rose and dipped between neighboring zip codes.

USAFacts

The attractive Victorian terrace just around the corner from the sea with a gorgeous interior

Location is everything - but there's much more to this Mumbles property

Wales Online

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Post-Ardern, could a capital gains tax be back on the table?

Jacinda Ardern ruled out a capital gains tax on her watch. With her watch now over, some are speculating about whether her successor could revive a policy still popular in some quarters,

Newsroom.co.nz

Pakistan raises key rate to 24-year high of 17% as crises mount

Pakistan increased its benchmark interest rate to 17%, the highest in more than 24 years, as the economy grapples with raging inflation, supply shortages, dwindling currency reserves and stalled foreign financing.

The Times of India

As pandemic rent relief ends, states struggle to prevent homelessness

PORTLAND, Ore. — For almost three years since the onset of the COVID-19 pandemic, states have had an unwelcome but ideal laboratory to test potential solutions to slow eviction, one of the most persistent challenges in preventing homelessness.

Tribune News Service

Biden's Housing Equity Plan Is More Likely To Waste Resources Than Curtail Zoning

Plus: How credit card companies became the porn police, the failure of the FDA's ban on flavored vaping products, and more...

Reason

Upzone, demolish, construct: How Berkeley plans to build 8,934 homes by 2031

BERKELEY, California — Some of the city’s most affluent neighborhoods, bustling street corridors and empty single-family homes are being eyed to try and develop nearly 9,000 new homes over the next eight years, after the Berkeley City Council unanimously gave a 656-page plan the green light Wednesday.

Tribune News Service

Vacation rentals are adding to South Florida’s housing crunch, study suggests

Thousands of short-term vacation rentals could be contributing to the rental crisis in South Florida, where it has become harder to find affordable places to live, according to a new study.

Tribune News Service

Scottish commercial property investment 12.6% ahead of five-year average

Office take-up in Aberdeen rose by 96% last year, compared to 2021

Insider UK

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Bristol Post

Bristol renters and landlords to be allowed to speak in future debates on rent controls after U-turn

Earlier this month renters were "banished" from a debate and vote on bringing in rent controls

Daily Record

Vote on controversial North Ayrshire car park charges as choices are unveiled

D-day is looming for the decision on charges.

Belfast Live

Poor mental health and homelessness 'are inextricably linked', new report reveals

"If you don't deal with your mental health, your homeless life is going to become much worse - it goes hand in hand."

Asharq Al-Awsat

Egypt to Establish Stable Tax System, Clear Investment Incentives

Egypt is currently developing several proposals to improve its investment climate, including a stable tax system and clear investment incentives, announced the CEO of the General Authority for Investment and Free Zones, Hossam Haiba. Egyptian Prime Minister Mostafa Madbouly met with Haiba and the accompanying delegation and reviewed some procedures…

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Asharq Al-Awsat

Saudi Arabia Aspires for Real Estate Role in Attracting Foreign Investments

The Saudi Real Estate Future Forum keeps pace with the government's tendency to attract foreign companies to invest in the Kingdom's real estate sector, asserted Minister of Municipal, Rural Affairs, and Housing Majid al-Hogail on Monday. Hogail described the forum as an "opportunity to exchange regional and international experiences and…

Evening Standard

Mortgage clinic: ‘Since I listed my flat for sale my mortgage payments have increased by £300 a month — what can I do?’

Helen Hambly is selling her flat but her fixed rate has ended and monthly repayments have increased by £300. What options does she have?

Birmingham Post

Average Welsh house price reaches new peak but now forecast to fall

Principality Building Society has published its latest Wales House Price Index

Birmingham Post

House prices in Wales hit record high but slowdown expected

The average house price in Wales peaked at £249,076 at the end of 2022

The Canberra Times

Where Canberra investors are making the most money

New data has revealed the top five suburbs with the biggest rental yields in Canberra.

ABC News

Homeless NSW South Coast woman calls for more action on housing crisis after premier visits region

After dedicating decades of her life to working in the public housing sector, the 54-year-old is without a home and living in a tent.

AAP

Sydney housing emergency 'enormous'

More than one in 10 households in Sydney's southwest are buckling under the pressure of housing costs as financial pressures continue to surge.

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