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The Latest Breaking News on Real Estate

Sadiq Khan-backed plan for 20,000-home 'new town in London' submitted

The Mayor of London described the development as ‘a model of how to fix our housing crisis’ and ‘a blueprint’ for the Government to follow

Evening Standard

Inflation green shoots could spell earlier rates relief

A cooling rental market and slower pay growth hint at a disinflationary pulse some economists hope could deliver borrowers an early Christmas present.

AAP

Rachel Reeves must keep promise to ease business rates burden, say retailers

Plea comes as analysis warns of £2.7bn tax hike mainly affecting smaller retail, leisure and hospitality firms

The Guardian - UK

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Business council blames slow local decision-making for feeding Australia’s housing supply crisis

Peak business body proposes deadlines to speed up local councils, saying delays are making developers reluctant to invest

The Guardian - AU

China’s plan to boost flagging growth is the very definition of economic insanity

For the fourth time in 16 years, ‘bazooka’ stimulus aims to reset the economy – but China’s problems demand structural solutions

The Guardian - UK

Government housing targets unrealistic and unfair, English councils warn

Exclusive: Some authorities say they are ‘being set up to fail’ when fault often lies with developers sitting on sites

The Guardian - UK

Struggling Irish Families Slam £370K Newly-Built Homes For Ukranian Refugees Amidst Housing Crisis

Irish citizens are taking to the streets and to Twitter to protest the housing projects funded by the government to aid Ukrainian refugees.

International Business Times UK

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Aussies paying more as rents spike across the nation

Australian renters are paying thousands more to keep a roof over their heads as rental costs for units and houses continue to balloon since the pandemic.

AAP

More Australians being ‘priced out’ of homes by big rent hikes, advocates fear

Renters in some cities forced to spend on average nearly $15,000 more a year on rent since the start of the pandemic, analysis reveals

The Guardian - AU

China Unveils Fiscal Stimulus Targeting Property Market, Local Government Debt

The measures include buying land and housing from developers, as well as help for localities to deal with their off-the-books borrowings

Caixin Global

Campaign to save east London mechanic who faces eviction after falling £112k behind on rent

Len Maloney of JC Motors says his rent has become unaffordable, after it was more than doubled in the years leading up to the pandemic

Evening Standard

Is action to help families ‘right size’ the way to boost housing supply?

The bank said that initiatives could help to support people to ‘right-size’ into accommodation that suits their needs.

Evening Standard

New calls to tackle a 'rental affordability emergency'

The London Renters Union has joined forces with other organisations to send an open letter to Angela Rayner.

Evening Standard

Santander withdraws its cheapest mortgage deals in sign price war may be over

Move follows a sharp rise in gilt yields over the past month on Budget borrowing fears

Evening Standard

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news in one place.

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Evening Standard

‘Many households still struggling’ as lenders report rise in mortgage defaults

A finance expert said that a Bank of England survey of lenders suggests that many households are still struggling in the current environment.

The Guardian - UK

Councillor who oversaw Grenfell works donated to Badenoch’s Tory leadership bid

Survivor of blaze which killed 72 ‘disgusted’ Quentin Marshall gave £5,000 to candidate promoting deregulation

Newcastle Herald

Things are looking up for Newcastle's city skyline

Six towers are set to transform the precinct

Evening Standard

Rogue landlord told to pay £400,000 over illegal property conversion

Westminster City Council prosecuted the rogue landlord after planning permission was not obtained

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news in one place.

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AAP

Property market eases past $11 trillion, investors busy

Australian homes are worth more than ever but the annual pace of growth has slowed rapidly in the past three months.

The Independent UK

Falling mortgage rates may be prompting more homeowners to sell, boosting inventory for buyers

The recent pullback in mortgage rates and expectations of further easing next year may be motivating more U.S. homeowners to list their home for sale

The Guardian - UK

Portugal proposes decade of tax breaks for young people to stem brain drain

Measure government says will help up to 400,000 people included in budget after negotiations with opposition Socialists

The Guardian - UK

Ministers urged to introduce rent caps to tackle housing crisis in England

Exclusive: Letter from union leaders and renters’ groups urges government to tackle root cause of unaffordable rents

The Guardian - UK

UK borrowing costs hit three-month high amid ‘buyers’ strike’ fears; US inflation dips to 2.4% as jobless claims jump – as it happened

Yield on 10-year UK government debt hits highest since early July, while inflation has eased in the US

AAP

Extra crisis homes needed in family violence 'hotspot'

More housing and crisis accommodation is needed for survivors of family violence in a remote and regional area dubbed a "hotspot".

The Independent UK

House prices are rising across the UK for the first time in two years

Zoopla said the average UK home now costs around £300 per square foot

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