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The Latest Breaking News on Real Estate

UK pay growth drops sharply as job vacancies fall

Bank of England will be monitoring figures as it decides whether to cut interest rates this week

The Guardian - UK

I want to buy my disabled mum a home in Scotland, but I can’t afford the property tax

She can’t get a mortgage, but if I take one out the property will be classed as a second home

The Guardian - UK

Melbourne real estate agency’s ‘eviction season’ email warns renters not to miss payments due to Christmas spending

Professionals Taylors Lakes apologises for email that said property managers will have to evict tenants who fall behind during festive season

The Guardian - AU

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Newcastle suburbs that joined the $1 million club in 2023

See where median house values climbed above $1 million this year.

Newcastle Herald

London rent rises: will the record-breaking increases we've seen in 2023 start to slow next year?

We may be finally about to reach peak rent

Evening Standard

Annual pace of UK rental prices growth expected to halve by end of 2024

Annual rental prices growth is running at 9.7% but Zoopla expects this to slow to 5% by December 2024.

The Independent UK

How to Earn Tax-Free Rental Income — Legally

An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.

Kiplinger

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Trump's trial witnesses could backfire

NY AG Letitia James said that one expert admitted some Trump valuations were not "proper" or "reasonable"

Salon

City eyes Bank of England vote split for rate cut timing clues

Any shift on the Monetary Policy Committee toward a call for a rate cut will affect the outlook for timing of the first move down

Evening Standard

Londoners spent a record-breaking £32.1 billion on rent this year

UK renters have spent the same on rent as the value of all homes sold in London last year

Evening Standard

Shifting the needle on the housing crisis: will Chalmers’ plan to slug foreign home buyers be enough?

Treasurer has announced plans to triple fees foreigners pay when buying established homes and to double penalties for leaving a property vacant

The Guardian - AU

Homebuyers Don’t Want To Keep Waiting For Mortgage Rates To Fall, Study Finds

Fewer prospective homebuyers are being scared off now by high mortgage rates, according to a Bank of America survey.

Kiplinger

Real Estate in LatAm Vs. U.S.: How Much do Properties Cost in Their Main Cities and States?

Montevideo and Mexico City, the most expensive cities in Latin America to buy a square meter, would be in the U.S.'s top 10 most expensive states

Latin Times

Average asking price for a UK home tumbles by £7,000 in December

Across Britain, average asking price for home coming on market falls by 1.9 per cent or £6,966 in cash terms this month

The Independent UK

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Newcastle Herald

Auction wrap up: Whitebridge home sells $240k above guide

'It was interesting because the feedback wasn't at that level.'

International Business Times

Falling Inflation Shifts Focus To When ECB Could Cut Rates

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.

The Guardian - AU

North Sydney mayor says Minns government overriding planning protections like a ‘totalitarian’ regime

Zoë Baker hits back after premier accuses Sydney councils of employing ‘strategies to stop all development’

International Business Times

'Nothing More To Say': Trump Cancels Plan To Testify In NY Fraud Trial

Donald Trump changed his mind about testifying in his own defense in his New York fraud case on Monday, he said, announcing that he will not take the stand as expected because he has "nothing more to say."

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news in one place.

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The Guardian - UK

Average asking price for home in UK drops by £7,000 in December

Prices usually decrease at this time of year but fall is greater than 20-year average owing to high mortgage rates, says Rightmove

Evening Standard

London house prices tumble by over £6,200 in December

House prices in the capital have fallen another 0.9 per cent since last month as sellers try to attract buyers

The Independent UK

Average price tag on a home tumbles by nearly £7,000 in December

Across Britain, the average asking price for a home coming on the market fell by 1.9% or £6,966 in cash terms this month, Rightmove said.

Newcastle Herald

Levies proposed for new developments to fund affordable housing

The proposal aims to boost supply of affordable homes.

The Hindu

IT Expressway: where tallying infra and investment is a tall task

Chicago Sun-Times

Affordable housing development set for North Lawndale groundbreaking

Grace Manor, with 65 apartments, is expected to be completed in 2025.

Latin Times

Lights, Camera, Century! Hollywood Sign Hits 100

The nine-letter sign is officially a centenarian but, as with many an aging grande dame in Hollywood, looks as fresh as ever.

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