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The Latest Breaking News on Real Estate

‘Setting people up to fail’: Australians ask banks for mortgage help, only to plunge into worse debt

Customers who get hardship assistance often fall into arrears again once the reprieve ends. Critics blame a ‘cookie-cutter’ approach by the banks

The Guardian - AU

Rogue London letting agents who conned vulnerable workers and students convicted

Five people have been convicted of 15 housing related offences after an investigation by Tower Hamlets council

Evening Standard

Scottish housebuilder acquires unfinished Stewart Milne site after firm's collapse

A SCOTTISH housebuilder has made a deal with administrators of Stewart Milne to take over an unfinished development site in Aberdeen.

The National (Scotland)

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Neighbour endured six months of stench and fly infestation after council delayed cleaning dead man's flat

Colin James said he had to tape up the front door of the flat and hire private cleaners after Lambeth Council allegedly failed to thoroughly clean the property

Evening Standard

Lisbon residents call for vote on banning tourist lets in residential blocks

Petition demands council hold binding referendum on issue after local people say they have been priced out

The Guardian - UK

Real estate agent who published identity of NSW tenant after one-star Google review broke privacy laws, commission finds

Noonan Real Estate Agency in Sydney forced to apologise after it disclosed renter’s full name, occupation and financial circumstances to global audience

The Guardian - AU

Housing and immigration among issues set to feature on campaign trail

The state’s handling of booming public finances is also set to be an issue of intense debate.

Evening Standard

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3 Construction Stocks to Buy as Infrastructure Spending Rises

The construction market is experiencing a significant surge owing to increasing infrastructure spending and technological advancements. Hence, it could be wise to add quality construction stocks like United States Lime & Minerals (USLM), Griffon (GFF), and Apogee Enterprises (APOG) to your portfolio. Continue reading….

StockNews.com

Bribery charges brought against Mississippi mayor, prosecutor and council member

The mayor of Mississippi’s capital city, the top prosecutor in the state’s largest county and a Jackson city council member have been indicted on conspiracy and bribery charges in a case that has already forced the resignation of another city council member

The Independent UK

Why have interest rates been cut, and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard

Does the Bank of England’s interest rate cut mean lower mortgages?

What the decision means for homeowners – and the implications for savings, loans and credit cards

The Guardian - UK

French Parliament Approves Bill To Rein In Tourist Rentals

The French parliament on Thursday approved a bill aimed at tightening the regulation of tourist accommodation such as Airbnb to combat the shortage of affordable housing.

International Business Times

Bank of England slashes interest rates to 4.75%

The second move in three months reduces the official cost of borrowing to its lowest level since summer 2023

Evening Standard

Home repossessions jumped annually in the third quarter of 2024

Monthly mortgage payments have been ‘eating up’ a much larger proportion of incomes, debt help charity StepChange said.

Evening Standard

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The Guardian - UK

New council housing in England may be removed from right to buy scheme

Angela Rayner says restrictions may be placed on sale of new social housing to prevent loss of stock

The Guardian - UK

House prices at record high, says UK’s biggest lender

Reeves’s budget could slow demand but prices have not fallen significantly since post-pandemic ‘race for space’

Evening Standard

UK house prices climb to a new all-time high as mortgage rates fall

The average London price rose 3.5% to £543,308, the highest since November 2022 when it was £545,568.

International Business Times UK

Donald Trump to Become World's 4th Highest-Paid Leader with $400K Annual Salary; Which Countries Earn More?

Donald Trump will earn $400,000 annually in his second term, making him the fourth highest-paid world leader, with only leaders from three other countries earning more.

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news in one place.

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The Conversation

Why the ‘housing first’ approach has struggled to fulfil its promise of ending homelessness

Over the past 15 years, the Housing First approach has gained traction as an evidence-based solution to tackling homelessness in many developed countries, including Canada.

The Guardian - UK

Suzy Lamplugh murder suspect dies in prison at 70

John Cannan was jailed for 35 years in 1989 for rape and murder of Shirley Banks

The Independent UK

What issues are likely to dominate the Irish general election?

Housing is expected to be the main battleground of the Irish general election.

International Business Times

Japan's Surplus Of Abandoned Homes Offers Rare Opportunity For Foreign Buyers

As of 2023, Japan reported over 9 million empty houses, according to government data, with some selling for less than $10,000. This unusual supply surplus is drawing in foreign buyers intrigued by the opportunity for affordable property in a high-cost housing world.

AAP

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

The National (Scotland)

Housing developer denies emptying sewage into Scottish village drains

A HOUSING developer has denied claims made by a Scottish councillor that trucks full of sewage from a new housing estate are being emptied into a…

Evening Standard

Man whose truck was filled with debris used by rioters jailed for 27 months

Jake Turton, 38, was part of the disorder which broke out outside a hotel housing asylum seekers in Rotherham

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