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The Latest Breaking News on Real Estate

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

The Guardian - UK

High Court directs Chennai Police Commissioner to evict politician from a flat within 48 hours

The Madras High Court on Friday came to the rescue of an elderly couple, who had been struggling for the last 12 years to get their tenant, a politician, vacate a residential flat used unauthorisedly as party office. The court directed the Greater Chennai Commissioner of Police to evict S.…

The Hindu

Almost two-thirds of short-term let landlords claim they are considering closing

ALMOST two-thirds of short-term let landlords have claimed they are considering shutting up shop ahead of the licensing scheme deadline.

The National (Scotland)

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Data reveals 781% rise in homeless families staying in B&Bs longer than legal limit

Landlords quitting London’s temporary accommodation sector have also risen by 140%

Evening Standard

Gove’s housing plans are latest divergence from promised ‘green Brexit’

Post-Brexit environment watchdog put to the test as local authorities in England told to ignore extra sewage from new developments

The Guardian - UK

Property prices falling faster than expected as rate rises hit demand

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

Evening Standard

Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

The Independent UK

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UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

The Guardian - UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

House prices fall faster than expected in biggest year-on-year drop since 2009, Nationwide says

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

Evening Standard

Donald Trump under oath: Assets are ‘Mona Lisas,’ his name worth $3 billion

NEW YORK: On April 13, Donald Trump sat down with New York Attorney General Letitia James and answered questions under oath for seven hours as part of the state’s civil fraud lawsuit accusing him of inflating the value of his assets by $812 million to $2.2 billion a year.

The Times of India

Monthly Mortgage Payments Touch All-Time High

The nationwide median home-sale price has soared to $380,000, reflecting a 5% year-over-year increase.

Zenger

Australian rents are rising at the fastest rate since the GFC – and from a higher base

Data shows annual rent increases in all major cities topped 10% last year as advocates warn low-income earners are being priced out of the market

The Guardian - AU

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The Conversation

How do we get urban density 'just right'? The Goldilocks quest for the 'missing middle'

What would Goldilocks do if given the chance to pick the “just right” density for our cities? Depends who you ask.

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Independent UK

Jeffrey Epstein held meetings with Trump associates before 2016 election - years after sex offender conviction

The convicted sex offender invited Trump’s campaign backers Thomas Barrack and Peter Thiel to lunch with Russian diplomat Vitaly Churkin

The Guardian - UK

Yang Huiyan: Country Garden owner who was once Asia’s richest woman

Teetering Chinese property developer has caused wealth of its founder’s daughter to plummet

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news in one place.

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The Independent UK

Home sales down 16% in July compared to same month last year, says HMRC

Some 86,510 home sales were recorded across the month, according to latest figures.

The National (Scotland)

No short-term let applications have been rejected by Scottish Government

NO short-term let licence applications have been rejected so far by the Scottish Government, fresh statistics have shown.

The Guardian - AU

Chinese developer Country Garden reports $6.7bn loss amid fears of another Evergrande

Group warns that if its financial performance ‘continues to deteriorate’ it faces possible default after huge half-year losses

The Independent UK

New York attorney general seeks immediate verdict in fraud lawsuit against Donald Trump

New York’s attorney general says a judge doesn’t need to wait until an October trial in her civil lawsuit against former President Donald Trump to rule that he committed fraud while building his real estate empire

The Guardian - AU

‘Whole housing system in crisis’: report finds Australia’s emergency accommodation is often unsafe

Study finds lack of available social housing and unaffordable private rentals mean people entering crisis accommodation have no pathways out

The Hindu

A.P. Housing Department completes construction of five lakh houses under ‘Pedalandariki Illu’ scheme

AP State Housing Department achieved target of constructing 5 lakh houses under 'Navaratnaalu - Pedalandariki Illu' scheme. Social infrastructure works such as water, roads, soak pits & power supply completed. House-warming ceremony likely to be held in September. Chief Minister Y.S. Jagan Mohan Reddy will take part in one programme…

Evening Standard

Commuter hotspots: new-build homes in market towns within easy reach of London

New rural homes within reach of the city are increasingly popular, with a record number of first-time buyers going beyond the M25

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