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The Latest Breaking News on Real Estate

UK lenders fear spike in mortgage defaults as cost of living hits home

Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repayments

The Guardian - UK

A new California housing law has done little to encourage building, report says

Once seen as the death knell for single-family neighborhoods in California, a new law meant to create more duplexes has instead done little to encourage construction in some of the largest cities in the state, according to a new report published Wednesday.

Los Angeles Times

House price decline gained momentum in all regions across England last month

The South East and East Anglia regions are seeing the sharpest rates of house price decline across England

Evening Standard

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Michael Gove goes on attack over claims levelling up fund favours London

Michael Gove has defended the Government’s £2billion levelling up funding round amid claims that it favours London over “red wall” areas in the north and the Midlands.

Evening Standard

Regulations may be eased on minpaku vacation rentals

The government will likely relax the requirements for management companies operating minpaku lodging businesses that rent condominiums or private homes to travelers, eliminating the requirement that their staff have practical experience or qualifications in the real estate business.

The Japan News/Yomiuri

Renfrewshire councillors will receive updates on damp housing complaints after Awaab Ishak tragedy

The move comes in the wake of a youngster dying from a respiratory condition caused by prolonged exposure to mould.

Daily Record

SRC Prepares to Offer Global Dollar-Denominated Sukuk

Chief Business and Markets Officer at Saudi Real Estate Refinance Company (SRC) Majeed Abduljabbar revealed that his company is planning to issue dollar-denominated sukuk. The move aims to attract foreign investments and protect portfolios through issuing mortgage-backed securities. This will ensure the flow of investments and secure the necessary liquidity…

Asharq Al-Awsat

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Alice Springs mayor calls for ‘heavy handed response’ as crisis talks held over increased crime

Federal and local government disagree on best ways to tackle major increases in property offences and violence in central Australian town

The Guardian - AU

Tenant told to 'wipe off damp because housing officers didn't have correct PPE'

Councillors heard it was one of a number of cases that had not been dealt with to a ‘satisfactory level’ in Stockport

Manchester Evening News

Downward trend in house prices is gaining momentum, surveyors say

Property market weakening across all regions of England, survey finds

The Independent UK

Home owner selling property forgets to remove bloodied 'keep out' sign from listing

A creepy 'Keep Out' sign and a grim reaper lurking outside of a house for sale caused a stir among property seekers after a resident failed to remove their Halloween decorations

Daily Mirror

Greens warn 'zombie DAs' risk wiping out threatened species habitat in coastal NSW

As house prices rise, historic development applications are being revived. But the Greens warn they don't stack up under modern environmental standards.

ABC News

What the next 12 months will look like for people who rent in Liverpool

Renters could be impacted into 2024 while buyers "sit on their hands"

Liverpool Echo

Valuer General lifts Hunter land valuations by up to 66 per cent

Big increases in Valuer General's valuations but rates covered by IPART 'caps'

Newcastle Herald

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Nottingham Post

Data shows huge cost to rent a home in all areas of Nottinghamshire

The figures have been published by Zoopla

The Independent UK

Downward trend in house prices gained traction towards end of 2022 – surveyors

Expectations continue to point to rents being squeezed higher, according to the Royal Institution of Chartered Surveyors.

Insider UK

Scottish house prices continue to rise - albeit at slowest rate since 2020

New buyer enquiries in Scotland fell for the eighth consecutive month

Wales Online

More than 100 affordable flats and cafe set to be built in Swansea's SA1

There would also be communal gardens for residents

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ABC News

Australia's rental market will only get tighter in 2023. Could more property investors be the answer?

Renting a property in an Australian capital city is set to become harder in 2023 as an increase in demand and lack of supply drives up rental prices. But is more property investment the answer to the crisis?

Manchester Evening News

Mystery resident has been on the list for a council house in Greater Manchester for 44 YEARS

Councillors were left baffled by the tenant who has been on the list since 1979

Nottingham Post

Council tenants in Newark could see rent rise by over £200 a year

Newark and Sherwood District Council had nearly 5,500 tenants as of November 2022

The Guardian - UK

Second-home owners are decimating Cornish villages – that’s Bait’s message

Letters: Jane Sutherland on Mark Jenkin’s film and local people being priced out of the housing market in Cornwall

AAP

Home buyers subdued despite high rents

Rents may be soaring but it's cheaper to rent than service mortgages in most cases, new PropTrack analysis finds.

Dublin Live

Mortgage expert explains why house prices are not falling in Dublin

Price growth is slowing but residential property prices are unlikely to fall significantly this year, a mortgage expert has revealed

The Guardian - AU

The Reserve Bank of Australia should hold off on raising rates again next month. Here’s why

Allowing time for the impact to flow through would be sensible. Inflation is falling, it’s just not yet visible in official figures

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