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The Latest Breaking News on Real Estate

Pablo Escobar's Cocaine Pilot Reveals He Originally Turned Him Down, Until He Offered Him Tens of Millions a Month

Pablo Escobar's former pilot says he turned down the cartel leader until being offered $20 million a month, leading to a lavish rise and eventual fall captured in a new podcast.

Latin Times

721 UPREIT DSTs: Real Estate Investing Expert Explores the Hidden Risks

Potential investors need to understand the crucial distinction between a REIT's option to buy a Delaware statutory trust's property and its obligation.

Kiplinger

UK house prices fall by more than expected amid economic uncertainty

Average property price drops 0.4% month on month in May to £296,648, Halifax says

The Guardian - UK

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Donald Trump calls for big cut to US interest rates after jobs report shows hiring slowdown – as it happened

US economy added slightly more jobs than expected in May, but March and April’s data was revised lower

The Guardian - UK

FTSE 100 Live 06 June: House prices dip, HSBC boss lands new role

Weaker defence stocks and caution ahead of a key report on the US labour market today slowed the advance of the FTSE 100 index towards record territory.

Evening Standard

Khadiyah Lewis Dead at 44: Former 'Love & Hip Hop Atlanta' Family Is Planning a Public Funeral

Her death was confirmed by her brother Jamaal Lewis in a heartfelt statement to The Shade Room. The passing Khadiyah Lewis has left the family devastated. She was part of 'Love & Hip Hop Atlanta' season 4

Latin Times

Trump’s crypto ventures may be his most dangerous moneymaking scheme

The US president is leveraging his position for personal gain by exploiting an industry known for lack of transparency and fraud

The Guardian - US

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Housing bosses press Rachel Reeves to unlock more funds for affordable homes

Housing associations want chancellor to class social housing as critical infrastructure to allow for extra spending

The Guardian - UK

Labour MPs poised to rebel over planning bill amid concerns for nature

Ministers understood to be drawing up amendments to bill to try to head off threatened rebellion by two dozen MPs

The Guardian - UK

Paragon's virtues shine as lender boosts first half profits to £140 million

Professional landlords riding out the extra costs and regulation in the sector

Evening Standard

Residents in Grenfell Tower estate to receive compensation after 'living on a building site' for eight years

One resident said the compensation payments were "nowhere near enough”

Evening Standard

Residents of new Scottish town face two-year wait for shops

Hundreds of residents in a new East Lothian town face a wait of two years before they have their own shops, developers have revealed

The National (Scotland)

RBA ready to use rapid-fire rate cuts if Trump policies rattle Australia’s economy, minutes reveal

Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it

The Guardian - AU

Issues in social housing that Labour must tackle

Letters: Kate Henderson of the National Housing Federation says cuts over many years have exacerbated problems, while Katherine Maxwell-Rose voices the concerns of suffering residents. Plus a letter from Dr Carole Easton of the Centre for Ageing Better

The Guardian - UK

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The Independent UK

House prices are dropping across London – but people are still having to leave the capital to buy

Several regions across the capital have seen dips over the last year

The Guardian - UK

Report casts doubt on Labour’s ability to hit affordable housing target

Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England

Evening Standard

Council tax warning: London borough says homeowners attempting to dodge double payments

Westminster Council is meeting with the government’s National Fraud Initiative to crackdown on homeowners who do not register their property correctly

Evening Standard

House prices rise by 0.5 per cent in May after April dip

Conditions for potential home buyers in the UK remain ‘supportive,’ Nationwide Building Society said

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The Guardian - AU

As interest rates fall, could Australia be facing another house price boom?

How might the RBA’s actions affect the property market? Research offers some clues

The Guardian - AU

Michael moved to a Uniting Church farmhouse in Brisbane to escape homelessness. Now his landlord is evicting him to build more houses

The historic Mitchelton lot is set to be replaced by a 92-home subdivision, but Michael fears ending up living in his car again

The Guardian - UK

Treat social housing as critical infrastructure to unlock billions, says Peabody boss

Exclusive: Giving social housing same status as roads and energy would mean more investment in sector major providers say is at breaking point

Evening Standard

OPINION - John Banville: The year in London that changed my life

When I was growing up in a small town on the south-east coast of Ireland in the 1950s, London seemed as far away as Samarkand. We had seen it in the movies, of course — The Lavender Hill Mob, The Blue Lamp, The Ladykillers — but we knew that was…

The Guardian - AU

‘It’s a shock’: if you think Adelaide housing is affordable, think again

According to a new report, the South Australian capital is now Australia’s second-least affordable city after the perennially expensive Sydney

The Guardian - AU

‘Don’t tell them ... they’ll all come’: why are so many sea-changers moving to Geelong?

Coastal town, an hour from Melbourne, overtakes the Sunshine Coast in popularity. Cait Kelly asks locals what makes it such an appealing place to live

Evening Standard

£1.5bn in extra funding for military homes as part of defence review – Healey

The review, expected soon, will set out the money, which will be put towards work to improve housing and unlock further development.

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