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The Latest Breaking News on Real Estate

Bank of England raises interest rates to new 15-year high of 5.25% in 14th consecutive hike

But the hike was smaller than the half-point ‘jumbo hike’ last month, signalling that Threadneedle Street is slowing down in its battle with inflation

Evening Standard

Bank of England hikes interest rates for 14th consecutive time despite inflation slowdown

Central bank raises interest rates to highest level since February 2008

The Independent UK

London’s housing crisis ‘unmanageable’ as one in 50 now homeless

One in 50 Londoners are now homeless and the capital’s housing crisis is becoming “unmanageable”, it was warned on Thursday.

Evening Standard

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Capital’s home rental crisis as bills soar to £2,700 a month

‘Spiralling’ rental costs are driving families into poverty, a campaign group said.

Evening Standard

Average London rental costs may soar to £2,700 a month, figures suggest

‘Spiraling’ rental costs are driving families into poverty, a campaign group said.

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

The Independent UK

Bank of England poised to raise UK interest rates to 5.25%

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts

The Guardian - UK

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‘It’s a bloodbath’: the UK homeowners on variable rate mortgages

As the cost of borrowing rises again, we speak to some of the 1.4m people on variable rates dreading the effects

The Guardian - UK

Affordable housing should be in all Chicago neighborhoods

Someone who needs a subsidy to live affordably should have just as many options of where to live as someone who does not. You cannot build affordable housing only where it’s cheapest, or where people will protest the least.

Chicago Sun-Times

The Magic Mortgage Rate Number to Tip the Housing Market

A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. Hint: It's above 5%.

Kiplinger

Australian house prices look set to rise despite the rate hikes. This isn’t great given how expensive they already are

Existing mortgage holders are likely to be spared more interest rate rises after the latest RBA meeting, but first home buyers will find the task ever more difficult

The Guardian - AU

Montana Property Tax Rebates and Other Relief for Homeowners

Here’s everything you need to know about Montana property tax rebates and long-term tax relief.

Kiplinger

Sunak claims ‘light at end of tunnel’ on inflation as Bank of England set to raise rates again

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008

The Independent UK

Rishi Sunak tells father-of-four facing huge mortgage payments to 'talk to bank'

THE Prime Minister told a father-of-four facing a huge hike in his mortgage payments to simply “talk to your bank” ...

The National (Scotland)

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The Guardian - UK

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - AU

Advocates question Queensland’s ability to deliver on ambitious affordable homes plan

Qcoss says more details needed as to how state can ensure 20% of around 900,000 proposed new homes will be affordable

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

Kiplinger

How Much Can You Make Renting Your Home?

With rising interest rates curbing the housing boom, have you thought about renting out your property instead? Here's what to consider.

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The Independent UK

Homes proposal a ‘bid to line Duke of Northumberland’s pockets’, inquiry told

Northumberland Estates says its plans would help provide an income stream for conservation works to Syon House.

The Conversation

Homelessness in England has reached record levels – here's why, and how to fix it

Record numbers of people are living in temporary accommodation in England, according to the UK government’s latest reported figures. Statistics on statutory homelessness show that in March 2023, 104,510 households – including over 131,000 children – were living in hotels, hostels, B&Bs and the like.

Woman & Home

Princess Catherine's tough struggle at her and Prince William's £750 per month starter home

Princess Catherine and Prince William shared a Welsh cottage when they first welcomed Prince George

The Hindu

Airport Metro design to be tweaked in view of rapid growth en route

HAML is re-designing the RGIA metro to accommodate new ridership due to rapid real estate development. It is also exploring various funding options for the 278-km 8 metro extension corridors & 4 ORR corridors.

Evening Standard

Plans for major upgrade at Stratford Station revealed

The work follows increasing concerns about the future capacity of the east London station and overcrowding

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

WhatToWatch

Coronation Street spoilers: Gemma Winter CHEATS on Chesney?

Airs at 8:00pm on Wednesday 9th August 2023 on ITV1.

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