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The Latest Breaking News on Real Estate

Renting in London: asking rents hit a new record high in final months of 2022

Rightmove predicts average asking rents across Britain for newly available properties will rise a further five per cent in 2023.

Evening Standard

Michael Gove admits 'such a clear need' to change law following Awaab Ishak death

The housing secretary has given his support to the Awaab's Law campaign

Manchester Evening News

Newcastle family's flat 'infested with disgusting cockroaches' in kitchen and under carpets

Baxterwood Grove is said to be "infested" with critters and now the property management company has called pest control and offered a family alternative accommodation

Chronicle Live

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Mortgage clinic: ‘I’m self-employed and a first-time buyer. How much could I borrow to buy a rental property?’

First-time buyer Julie Ford would like to invest in a rental property as a way of safeguarding her future.

Evening Standard

Rents hit record high amid ‘highest increases for decades’

‘Letting agents are seeing extremely high volumes of tenant inquiries’

The Independent UK

Department of Social Services legal team was under 'definite pressure' from senior leadership, former in-house lawyer tells Robodebt inquiry

A former in-house legal officer tells the Robodebt royal commission that departmental cultural issues and leadership changes may have impacted the handling of the flawed scheme.

ABC News

WA leaders call for support in youth crime crisis after Anthony Albanese's Alice Springs visit

The prime minister's visit to Alice Springs this week has left leaders across the border in WA questioning whether the same national attention would help solve their region's youth crime problem.

ABC News

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Protest over rent hike at 'Big Fat Gypsy Weddings' caravan site

Travellers in mobile homes face a 12.4pc increase while those in social housing properties will pay seven per cent more

Wales Online

MPC expected to hike policy rate further

Economists forecast the Bank of Thailand's terminal policy rate will be in the range of 1.75% to 2.5% for this cycle of rate hikes.

Bangkok Post

'Once in a lifetime' plans for Birkenhead take another step forward

Millions have been given to Wirral Council by the government to change how the town will look

Liverpool Echo

Accomodation shortages drive WA employers to buy houses for staff

A real estate agent says he has never seen such high demand from businesses for residential homes during his 27 years in the job.

ABC News

Bargain Edinburgh flat minutes from city centre on auction for just £30k is sold

Average house prices in the capital are somewhere in the region of £300,000 - ten times the original asking price of this humble abode.

Daily Record

Existing home sales fall again in December

Existing-home sales — meaning sales of previously occupied homes, rather than newly built homes — have been on a downward trend all year. And with both mortgage rates and prices remaining fairly high, home shoppers have pulled back. A new report by the National Association of Realtors (NAR) indicates that…

Tribune News Service

Nadhim Zahawi faces questions over source of £30m unsecured loans to wife’s property company

Tory party chair urged to explain how he has managed his family’s fortune, after controversy over his tax affairs

The Guardian - UK

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The Canberra Times

'He never held a grudge': Margaret Cervo hits back at comments about late husband

Margaret Cervo disagreed with comments published in The Canberra Times that her husband was difficult and burned bridges.

Edinburgh Live

West Lothian homelessness surged after end of covid eviction protection

The ban on evictions was lifted in the Autumn. That, coupled with surging mortgage costs pushed up the numbers looking for a council home

Kiplinger

What Is Renters' Insurance and What Does It Cover?

Renters’ insurance protects your belongings and more – and it might not cost as much as you think.

The Independent UK

Average long-term mortgage rate at lowest level in 4 months

The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher prices for just about everything, including homes

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news in one place.

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Tribune News Service

San Diego has declared 'housing as a human right' but does it mean anything legally?

San Diego City Council voted unanimously Tuesday to declare housing as a human right, a rare move for a city with a lot of housing issues.

Bristol Post

The Bristol area where a single room will cost you almost £1,000 a month

The two bed flat “has an expansive hallway”

Leeds Live

Leeds Council abandons plans to introduce parking charges at city parks after huge backlash

There was backlash to the idea, which was proposed as a money saving idea as local authorities struggle financially

Edinburgh Live

Cheapest flat in Edinburgh hits the market in popular area for just £30k

With garages across the capital costing more than double this property, it is currently the cheapest home on the market. The flat, on Balfour Street, includes a spacious bedroom and open-plan living room and kitchen

Manchester Evening News

Bank of England to make interest rates announcement next week - what we know so far

The Bank's interest rates have a major influence on other rates all across the UK and could directly affect people's finances

Tribune News Service

Inflation and the housing market: Decoding the latest number

There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.

Miami Herald

‘High anxiety’ in Miami’s Little Haiti, after developers snap up properties at big auction

Already reeling economically from the COVID-19 pandemic, rampant real estate speculation and looming gentrification, residents and business owners in Miami’s Little Haiti neighborhood are now confronting a new source of worry and uncertainty: The purchase by developers of a significant slice of properties along its main commercial street.

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