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The Latest Breaking News on Real Estate

China is expected to announce new measures to fix its property crisis, spur growth

China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April

The Independent UK

Chinese Officials Meet To Mull Support For Developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

International Business Times

Chalmers says Dutton’s budget reply lacks economic credibility – as it happened

Treasurer accuses opposition leader of failing to explain how he would pay for suite of measures

The Guardian - AU

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Denser housing can be greener too – here’s how NZ can build better for biodiversity

Cities across Aotearoa New Zealand are trying to solve a housing crisis, with increasing residential density a key solution. But not everyone is happy about the resulting loss of natural habitats and biodiversity.

The Conversation

Rental vacancies ease as political housing brawl stirs

A small lift in vacancy rates offers a ray of sunlight for renters as challenges in the housing market become a sharper focus for the major political parties.

AAP

So Scotland has declared a housing emergency. Now what?

This is a pan-European crisis.

The National (Scotland)

Bailiff evictions of renting households at six-year high, says MoJ

Protesters call for rent controls as 2,682 households evicted in first quarter of 2024 in England and Wales

The Guardian - UK

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Grattan on Friday: Peter Dutton’s alternative – lower migration, more homes, and a populist swipe at billionaires

When he was opposition leader, Bill Shorten faced Coalition criticism for attacking “the top end of town”, a phrase he used in his 2019 budget reply.

The Conversation

As Florida Condo Prices Fall, What’s a Condo Seller to Do?

Mandates that associations have adequate reserve funds for maintenance and repairs mean older buildings could be retired to make way for new development.

Kiplinger

Plan for affordable housing levy on new housing progresses

The plan has received gateway approval

Newcastle Herald

Australian PM defends evicting reluctant tenant from his Sydney home

Tenant asks Anthony Albanese to be considerate during cost of living crisis

The Independent UK

Iris Capital's $145m EastEnd plan rejected over view, parking impacts

The developer can ask for a review or change its plans.

Newcastle Herald

Scottish Parliament declares nationwide housing emergency

THE Scottish Parliament has declared a nationwide housing emergency as opposition MSPs pushed for a coherent plan to address the situation.

The National (Scotland)

Rachel Reeves should be brave and stop blaming the economy

Letters: There are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economics

The Guardian - UK

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The Guardian - UK

Landlords selling up leaving 2,000 households a month in England facing homelessness

Four in 10 households seeking council help say it is because property is being sold, amid renting reform delays

Evening Standard

Sales at Chelsea Barracks pass £1.2 bn mark with 9 Mulberry Square completion

Sales at the Chelsea Barracks luxury housing scheme in Belgravia have passed the £1.2 billion mark as the Qatari owned developers complete the latest building, 9 Mulberry Square.

AAP

Budget leaves helpless renters to 'rot in housing hell'

Housing affordability crisis will not be solved by the federal government's inadequate increase to rent assistance and construction incentives, critics say.

Evening Standard

Plan for new Greenwich tower blocks with 564 homes opposed because 'they're too tall'

Plans for a new set of tower blocks up to 35 storeys tall have been outlined for East Greenwich. The project would see 564 new homes being built on Telcon Way, 33 per cent of which would be ‘affordable’.

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Evening Standard

OPINION - Why are we building these hideous high-rises all over London?

Acton, where I live, can stake no claim to being the most beautiful part of London, though over the 12 years I’ve lived here I’ve grown incredibly fond of its quirks and idiosyncrasies. Architecturally, it’s pretty mixed between predominantly Victorian and Edwardian housing, the odd Georgian gem, a mix of…

The Guardian - UK

Labour should commit to a public housing ministry in its manifesto

Letters: John Crawley, Paul Karakusevic, Alan Gardiner, David Felton and Warren Brown respond to John Harris’s article on the growing opposition to right to buy

Evening Standard

Do London property bargains still exist? New research suggests not

The post-pandemic days of big markdowns of property may well be over, as intense competition means London homes are increasingly being sold close to or above their asking price

Evening Standard

'It's too much' say residents at London mansion block hosting more tourists than Ritz

More than 100 of the 530 flats at Park West in Westminster are suspected to be listed on short term letting websites

Al Jazeera

Michael Cohen resumes testimony in Trump hush-money trial

Trump’s former lawyer set to face tough cross-examination after testifying ex-president took part in hush money scheme.

The Guardian - AU

From gen Z to boomers: what the 2024 budget means for your generation

Millennials and gen Z will take comfort from changes to student loans and healthcare while boomers will be saving on medicines, pensions and aged care

AAP

Renters get quick relief as new housing takes time

Further support has been made available for tenants battling a rental crisis, but there's no quick fix to supply new homes.

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