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The Latest Breaking News on Real Estate

London commuter towns expected to see up to 25% council tax hike in latest cost of living blow

England’s councils are in over £140bn worth of debt, which could result in years of significant tax rises unless the government steps in

Evening Standard

‘The banks thought we were mad’: coral castles and look-at-me loos reinvent New York housing

With building codes strict and land values high, Big Apple apartment blocks tend to be grim. But two firms, SO-IL and Tankhouse, are fighting back with lush courtyards, breezy landings – and glass-walled toilets 15 storeys up

The Guardian - UK

London house sales at highest level since before Brexit vote, says Foxtons

Estate agent reports that revenues and profits for 2024 beat market forecasts

The Guardian - UK

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read the most diverse news in one place.

Number of London properties under offer 'at its highest since before Brexit' says Foxtons

Stamp duty deadline at the end of March is driving the rise in first time buyer offers with savings of up to £11,000 possible says estate agency

Evening Standard

Average private rents in Great Britain fall for first time since 2019

Typical advertised rent outside London dipped £3 to £1,341 a month in final quarter of 2024, says Rightmove

The Guardian - UK

Where will house prices rise the most in 2025?

Growth rates differ across different areas of the country - but also depending on forecasts of economic factors

The Independent UK

Here is what side of the garden fence you are responsible for in the UK

The law around who owns which fence can be rather blurry in the UK with many popular misconceptions confusing homeowners up and down the country.

The National (Scotland)

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London council pays tenant £4.7k after taking 11 months to repair ‘exposed’ electrical wires in bathroom

The tenant said they had been reporting the issue to Westminster City Council for some time

Evening Standard

Dubai faces a new problem after becoming a victim of its own popularity

An increasingly popular Dubai is having to contend with massive traffic jams and skyrocketing house prices

The Independent UK

Trump’s inauguration was a glimpse of what is to come

Trump began his inauguration day encircled by a bevy of oligarchs, but ended it giving favor to his mob

The Guardian - US

DWP program that automatically approves landlord benefit deduction requests ruled unlawful

Tenant challenged procedure after £500 docked from universal credit payment at landlord’s request, with whom he was in dispute over repairs

The Guardian - UK

Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market

Private developers offer politicians a simple solution for bulldozing through this crisis – build more. But it won’t work, says Guardian columnist George Monbiot

The Guardian - UK

How to Use DSTs and 1031 Exchanges for Diversification

This hypothetical case study shows how an investor used Delaware statutory trusts (DSTs) to build a diversified 1031 DST portfolio and avoid a $2M tax bill.

Kiplinger

Crucial inflation readout to determine RBA rate call

Mortgage relief could be just around the corner if predictions of a faster-than-expected fall in price growth are borne out in ABS data released on Wednesday.

AAP

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The Independent UK

Scottish Government’s housing pledge ‘a sham’, Labour says

The party said this year marks the lowest number of new affordable homes built in recent years in Scotland.

The Guardian - UK

Theaster Gates: ‘I’m an artist. It’s my job to wake things up’

In the week of Donald Trump’s inauguration, the US artist is in the UK with a show drawing on the legacy of Malcolm X – and an alternative vision for making America great again

Newslaundry

Jailed journalist Mahesh Langa booked for extortion in fresh case

Mahesh Langa, The Hindu journalist who is in jail in connection with cases of alleged fraud, has been booked by the Gujarat police in a fresh matter for purportedly extorting Rs 40 lakh from a real estate agent, news agency PTI reported on Friday.

Al Jazeera

Spain plans 100% house tax on foreigners: Will it fix the housing crisis?

Socialist PM Sanchez announces several measures, including 100 percent tax on foreigners, to tackle the housing crisis.

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The National (Scotland)

Tourist tax to be imposed in Edinburgh as plan passes final hurdle

A TOURIST tax is set to be implemented in Edinburgh after the plan passed its final hurdle on Friday.

International Business Times

US Home Sales In 2024 Weakest In Nearly 30 Years

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

The Independent UK

US home sales in 2024 fell to the lowest level in nearly years as prices, and mortgages, soar

Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second year in a row as elevated mortgage rates, rising home prices and a low level of properties on the market kept many prospective homebuyers out of the market

Kiplinger

Eight Goals to Jump-Start Your Financial Success in 2025

To achieve your financial goals this year, you'll need to start with a clear vision and plan.

The Guardian - UK

Chichester least affordable area outside London for first-time buyers, data shows

Homes in the city cost 8.5 times the annual earnings of the typical full-time worker, Nationwide says

The Independent UK

Britain’s house price affordability hotspots and coldspots revealed

Nationwide Building Society said that despite some modest recent improvements in housing affordability, the deposit hurdle remains high.

The Independent UK

Councils at breaking point over temporary accommodation costs, say MPs

A committee chair said local authorities are often ‘attempting to save a sinking ship with a little more than a leaky bucket’.

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