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The Latest Breaking News on Real Estate

Property demand remains high but prices set to cool, says OnTheMarket chief

Three quarters of active buyers in the UK were confident they would purchase a property in the next three months, according to the firm’s property sentiment data.

Evening Standard

Signs of a slowdown in rent hikes but costs remain high

ATLANTA — After several years of paying ever higher rents, there are signs that the pace of apartment cost increases may be slowing.

Tribune News Service

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times

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Apartment block plan could bring 'high quality living space' to heart of picturesque town

he proposals, lodged by Rochdale Boroughwide Housing, would see a four-storey building replace an old mill and industrial units in Littleborough.

Manchester Evening News

Airbnb landlords to pay tens of thousands of dollars under proposed Queensland levy

Greens bill will see investors pay 5% levy on all residential property left vacant for more than six months

The Guardian - AU

Sick message landlord sent to woman tenant offering home for sex

He detailed exactly what she would need to do for three, six or 12 months secured tenancy

Wales Online

High Court hearing into controversial Quayside flats begins, with council 'at a loss' over inspector's verdict

A government inspector overturned Newcastle City Council's rejection of the Plot 12 scheme earlier this year

Chronicle Live

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Bristol house prices have risen by almost 95 per cent in the last decade - one of the highest in the UK

Homes across the city have seen a huge hike in prices since 2012

Bristol Post

‘Painful To See’: Rising Rents Contributed To A 10% Spike In Homelessness In NSW Since 2020

Homelessness in New South Wales has increased 10% since the pandemic began, a new report found. Meanwhile, rents reached a new record high.

Pedestrian.tv

UK house prices set to fall over next year as mortgage costs shoot up, experts warn

A chief economist for the Royal Institution of Chartered Surveyors has said that "storm clouds are visible" with house prices set to drop over the coming year due to rising mortgage rates

Daily Mirror

House prices in Wales expected to fall over next three months

Low stock has been propping up house prices in Wales but the latest RICS report shows that this has slowed since April 2022

Birmingham Post

UK’s 13-year housing market boom to end in 2023, surveyors predict

RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market

The Guardian - UK

Scottish housing market outlook challenging, amid reduced market activity

New buyer enquiries in Scotland fall for third consecutive month

Insider UK

‘Storm clouds gather’ over housing market as mortgage rates rise

Mortgage market turmoil in recent weeks has compounded increasing economic uncertainty, the Royal Institution of Chartered Surveyors said.

The Independent UK

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ABC News

Short-term rental operators ask for national regulation amid housing crisis

Short-term rental operators call for the national regulation of their own industry to become part of the solution to Australia's housing shortage and ensure their survival.

Tribune News Service

US is seeing its first decline in homebuilding since 2011, economists say

ATLANTA — The U.S. is in a recession that will temper homebuilding throughout the next year, one of the nation’s top economists said.

Edinburgh Live

Leaked messages show Edinburgh landlords discussing price hikes on tenants

Edinburgh landlords are discussing 2023 rent increases to take immediate effect after the Scottish Government's current rent freeze is due to end in March.

Glasgow Live

Glasgow rent now over £1,000 on average with properties going at 'record speeds'

The cost of renting in Glasgow has spiked dramatically with the average renter now paying around £1,000 a month while the shortage of housing stock has resulted in properties being snapped up at record speed.

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Edinburgh Live

Edinburgh one bed flat goes on sale for more than a three bed house in Fife

As Edinburgh house prices rise, some may be looking to move further a field to the outskirts or Fife, that proves to be a popular commuter area for the city and certainly cheaper.

Manchester Evening News

Inside Greater Manchester's cheapest house going to auction for £20,000 with mould-ridden rooms and jungle garden

It needs a whole lot of work - but it has heaps of potential once renovated

Evening Standard

Tory voters could abandon party if house prices fall, poll shows

Homeowners who voted Tory in 2019 would be put off backing the party at the next General Election if property prices fall, a new survey has found.

Insider UK

Work set to commence on next phase of homes at Blindwells

Ogilvie Homes is the latest developer to start work at the site, building a further 77 houses

Daily Mirror

Couple claim to be facing financial ruin after builder left house in 'horrific' state

Stephen Williams claims he got an electric shock from a live wire left hanging and slipped in a "pool of cement" left on the floor at the property in Three Crosses, Wales

Birmingham Post

Cameron Hall Developments back in profit following boost to turnover

The property and hotel business saw turnover rise to £2.1m in the year to the end of December

Bangkok Post

Singapore apartment rents soar 31% with further gains to come

Singapore’s rental market could get even hotter due to the latest property curbs and a tightening housing supply.

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