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The Latest Breaking News on Real Estate

London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates

Mortgage rates are still hovering around 5%, leaving buyers struggling to pass mortgage affordability checks

Evening Standard

UK house prices still unaffordable for many people, says Nationwide

High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation

The Guardian - UK

Consumer credit borrowing bounces back while mortgage lending halves

Consumer credit borrowing bounced back to £1.5 billion during the month, up from £800 million in April, Bank of England data showed.

The Independent UK

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Buyer inspects beachside suburb house on Friday, buys for $4.35m on Saturday

The buyer phoned in their bids for the property in Merewether.

Newcastle Herald

Sites for hundreds of homes teased out after land audit

The NSW government has identified 44 sites for new housing, revealing the first four, with billions to fund the supply of more dwellings amid a crisis.

AAP

A Religious Freedom Case for "YIGBY"

Notre Dame law Prof. Patrick Reidy argues that religious organizations are entitled to faith-based exemptions from zoning restrictions preventing them from building affordable housing on their land.

Reason

Average Australian house price hits almost $800,000

Soaring house prices might please home owners but for those trying to enter the market the odds are stacked against them as chronic housing shortages persist.

AAP

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Is this London's largest penthouse? The Whiteley Penthouse hits the market for £40 million

The five-bedroom apartment comes with dog-walking, grocery stocking services — and that all-important Padel court

Evening Standard

Renters in New York City fight back against real estate broker fees

City is one of few in the US where tenants can be forced to pay fees, despite a landlord having hired the broker

The Guardian - US

L.A. synagogue protest was no "pogrom"

Politicians and media outlets ignored the protest's cause: Illegal real estate sales on Palestinian land

Salon

Council tax: final-year students warned they could get surprise bills

Students are exempt during their course but as soon as they finish their final year they are liable to pay

The Guardian - UK

Paris Airbnb Goldrush Ends As Olympics Approach

Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games.

International Business Times

3 High-Growth Healthcare REITs to Watch

The healthcare REIT industry is poised for robust growth thanks to the diversification of portfolios, rising healthcare expenditure, and an uptick in chronic diseases, making it ideal for investors looking for exposure to the healthcare sector. Therefore, investors could look to add high-growth healthcare REIT stocks Welltower (WELL), CareTrust REIT…

StockNews.com

‘I may have reacted too far’: architect Roger Walker on his groundbreaking buildings

The New Zealander is known for his use of colour as well as turrets, towers, cylinders, cubes and pyramid shapes

The Guardian - AU

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Newcastle Herald

Funda creditors in plea for share of sale as house listed for $2.25m

Creditors seek proceeds of sale to help repay Funda's $10.5m debt.

Kiplinger

Best Places to Rent 2024 — How Does Your City Rank?

The best places to rent in the U.S. include Miami, suburban Chicago and North Jersey, according to a new survey from RentCafe.

The Guardian - UK

Owning Manhattan review – please stop putting real-estate agents on TV!

The backbiting egotists behind these multimillion dollar sales ooze confidence – which is as horrible as it sounds. The wildly expensive (and tasteless) properties aren’t much nicer

The Independent UK

UK house sales tick up for fifth month in a row

An estimated 91,290 sales took place in May, which is 17% higher than in May 2023, HM Revenue and Customs said.

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news in one place.

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AAP

Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

The Independent UK

Tokyo's old fish market makes way for skyscrapers, glitzy stadium to woo global spenders

The site of Tokyo’s famed Tsukiji fish market left empty after it was razed six years ago, will be replaced by a waterfront stadium and glistening skyscrapers according to plans for its redevelopment

The Independent UK

House prices set to rise at slower rate than incomes, research shows

House price growth will ‘remain muted’ but property prices will remain generally unaffordable, Zoopla has said

AAP

'Not open to negotiation': New homes face delays

Australia's housing minister has not said whether she believes having a home should be a human right, as a political gridlock delays building new homes.

The Texas Tribune

Court ruling suggests recent activity in federal investigation of Ken Paxton

Records don’t name the attorney general’s office, but their details line up with the accusations former top deputies made against Paxton.

The Guardian - UK

Rough sleeping in London hits highest level in a decade

Almost 12,000 rough sleepers were seen by outreach workers in 2023-24, a 19% increase on the previous year

The Guardian - AU

‘Hot rodent boyfriend’ is the latest trend reframing men’s looks – why can’t we extend this generosity towards women?

It seems as though at least once a year the internet creates a new category of unconventionally hot guys to thirst over – but this almost never goes in the other direction

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