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The Latest Breaking News on Real Estate

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

The Independent UK

London rents up 12 per cent as prospective tenants far outnumber homes

Demand is outpacing supply of rental homes, with 25 tenants asking to view a single property on average

Evening Standard

Euston HS2 station may not go ahead if private funding can’t be raised

The Euston terminal for the high speed rail line may not go ahead if the Government is unable to raise enough private sector money to fund it.

Evening Standard

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read the most diverse news in one place.

Central London office spend plunges as rate rises and working pattern changes bite

Rising interest rates, coupled with structural challenges regarding the nature of office working, have hit the sector

Evening Standard

Unite Students boss leaves as rents soar amid chronic student housing shortage

He leaves the student landlord in strong shape, with its properties all but full for 2023-24

Evening Standard

Rents reach new record high with average home receiving 25 inquiries

Average rent in London reaches £2,627 per month

The Independent UK

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

The Guardian - AU

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Cruel property swindler stole $10m from retirees

A cruel and callous property swindler who stole $10 million from retirees through fake investments has been jailed for a decade.

AAP

England worst place in developed world to find housing, says report

Quarter of UK private renters spending over 40% of income on housing amid warning people are ‘trapped in poverty’

The Guardian - UK

Supply shortages and mortgage rate rises push UK rents to highest point ever

Average rental property receives three times more enquiries from prospective tenants than in 2019

The Guardian - UK

Trump "noisily complaining" at trial

"I can't wait to see how long the judge puts up with Trump's steady stream of kvetching," says ex-prosecutor

Salon

Donald Trump drops off Forbes 400 list of wealthiest people in the US

He’s $300m shy of the cutoff, according to the magazine, though with an estimated $2.6bn he’s got plenty of pocket change

The Guardian - US

Renters hit affordability limit as pace of growth eases

Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.

AAP

Victorian treasurer admits sparking tax firestorm

Victorian Treasurer Tim Pallas concedes he created a "firestorm of interest" when he announced tax reforms directly to the development industry.

AAP

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Evening Standard

New Homes Awards 2023 winners: from Scandi eco-homes to affordable first-time buyer flats and luxe penthouses

After months of anticipation, take a closer look at the champions setting the standard for house-building excellence in the capital, who were honoured at the Evening Standard’s annual awards

The Guardian - UK

Housebuilding companies saved billions from Tory delays to low-carbon rules

Exclusive: Almost £40m given since 2010 as government delays to low-carbon regulations save builders and developers billions

Newcastle Herald

Massive Wallsend seniors living complex back on the table

The development includes 237 units and a childcare centre.

Chicago Sun-Times

Mayor Brandon Johnson establishes city’s first chief homelessness officer

The move comes a day before a public hearing before the City Council on the mayor’s proposal to raise the real estate transfer tax on high-end home sales to create dedicated funding to combat homelessness.

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The Independent UK

More investment in social housing could save £1.5bn annually – study

A report led by researchers from University College London also calls for an end to right-to-buy in England for all future social housing.

France 24

Inflated rents, high interest rates and lack of supply create European housing crisis

Soaring costs across the EU are pricing out renters, deterring prospective buyers and preventing new homes from being built. As Europe’s housing crisis grows, so do homelessness rates across the bloc. What are the solutions to Europe’s housing crisis?

Evening Standard

Florence bans new Airbnbs and other holiday lets to free up housing for locals

Airbnb listings in the Tuscan capital have reportedly soared by more than 140 per cent in seven years

The Times of India

DLF to invest Rs 1,700 cr for new shopping mall in Gurgaon

NEW DELHI: Realty major DLF is likely to start construction of its new 25 lakh square feet shopping mall in Gurgaon this quarter at a cost of around Rs 1,700 crore to expand business amid surge in demand for quality real estate space from retailers.

Kiplinger

Is a Living Trust the Right Choice for Your Estate Plan?

A living trust protects your loved ones and simplifies your estate. Sometimes called a "revocable trust," it can avoid the cost of probate.

Salon

Thank AOC for Trump's fraud case

Progressive firebrand's first big win: Exposing Trump's fraud so Letitia James could bring down his company

The Independent UK

Housing association apologises after delay in dealing with damp and mice

The ombudsman’s investigations have prompted a review by the A2Dominion Group of 5,000 past cases.

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