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The Latest Breaking News on Real Estate

Michael Gove tells landlord L&Q: ‘You have failed your residents’

Social housing landlord ordered to pay tenants compensation after findings of severe maladministration

The Guardian - UK

ECB raises interest rates again, with traders divided on if it’s last hike

It was the ninth consecutive rate increase for the central bank for the Eurozone as it attempts to bring inflation back under control

Evening Standard

OPINION - The Standard View: London’s housing crisis won’t be solved quickly

London is the best place in the world to call home — the trouble is finding somewhere to live. A decades-long house price boom has made getting on the property ladder impossible for millions, while rent can consume more than half of disposable income.

Evening Standard

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How to spot hidden cameras in Airbnb rental properties

Secret surveillance devices have been discovered at a number of holiday apartments

The Independent UK

London rents will keep rising even as property prices fall, top estate agent Foxtons says

“The shortage of rental properties means that finding somewhere to live is an ordeal for tenants but it’s a dream for Foxtons,” one expert said

Evening Standard

Rishi Sunak ‘steps in’ to sort out London housing crisis taking a dig at Sadiq Khan for sky-high home prices

Exclusive: The PM announces a review of the London Plan to speed up house building

Evening Standard

Treasury officials weigh 40-year mortgages to help first-time buyers

Long-term fixed-rate deals are popular in the Netherlands and Denmark and protect borrowers from interest rate spikes

The Independent UK

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Ibac report could result in criminal charges after finding property developer paid MPs and councillors

Acting commissioner says any evidence collected during Operation Sandon to be sent to Office of Public Prosecutions

The Guardian - AU

Landlord L&Q told to pay out to tenants after finding of severe mismanagement

Ombudsman says there was maladministration in tackling disrepair and complaints received dismissive responses

The Guardian - UK

Comment: ‘A slow-motion housing disaster is forcing Londoners out of the capital’

With house prices now 16.5 times the typical local wage, here’s how Waltham Forest is trying to help people stay in their communities

Evening Standard

Windy City Fieldhouse sports complex in Logan Square is closing at the end of August

For more than 25 years, families, children and adults across the city have flocked to the facility for friendly pickup basketball, soccer and volleyball games. It’s also a popular birthday party destination for kids.

Chicago Sun-Times

Victorian MPs and two councillors accepted money and donations to further developer’s goals, Ibac finds

Report says John Woodman bought ‘influence’ on Casey council and via donations to then Labor MPs Jude Perera and Judith Graley

The Guardian - AU

2023 Doolan Best Building award shortlist is revealed

The 2023 Doolan Best Building award shortlist has been revealed, spotlighting exceptional architecture in Scotland

Wallpaper

Mortgage Rates and Payments Keep Rising, Creating Market Misery

Current mortgage rates and payments continue to rise resulting in buyer demand stalling and housing sentiment at low levels.

Kiplinger

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news in one place.

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Chicago Sun-Times

Mixed-income housing going up in East Garfield Park: ‘Everyone in the city of Chicago deserves to have a roof over their head’

The site in East Garfield Park will have 43 units and be available for different income levels. Construction is expected to take another 12 to 15 months.

USA Today Sports Media Group

Idaho home with lake views and more golf properties available now (July 2023)

Find the full list of properties here.

The Guardian - AU

Sydney leads Australia’s house price rebound with $500-a-day ‘hyper-growth’

Domain data shows fastest national rise since late 2021 and all capitals bar Canberra in recovery mode

The Guardian - UK

Renters’ health at risk if UK energy efficiency rules delayed, say campaigners

Ministers accused of ‘caving to landlord lobby’ amid reports tougher standards for new lettings could be delayed

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news in one place.

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The Guardian - US

‘Can we move?’ Chinese residents are fearful over new US laws banning property ownership

A Florida law barring certain foreign nationals from buying property has brought confusion, thoughts of moving and protests

The Independent UK

New home registrations show 42% annual fall in second quarter – NHBC

A total of 38,044 properties were registered in April, May and June – down from 65,645 a year earlier.

Evening Standard

‘People have asked if they could live in a tent on the terrace’: South Ken balcony for sale for £50,000

The 128 sq ft balcony is located on Stanhope Gardens in Kensington, where the average property costs £1,388,750.

Evening Standard

Inside the regeneration schemes creating destination neighbourhoods — from Canary Wharf to Clapham Junction

As the housing crisis debate rages, developers are breathing new life into unloved wastelands with contemporary homes that appeal to buyers and renters alike

The Independent UK

Open letter urges Rishi Sunak to prioritise security for renters and expedite bill

‘Government’s record in delivering on security for renters unfortunately stands in stark contrast’

The Independent UK

Government help for renters in stark contrast to homeowner support, PM told

An open letter signed by groups including Shelter, The Big Issue founder Lord Bird and Citizens Advice has been written to Rishi Sunak.

The Guardian - UK

The Guardian view on housebuilding: Michael Gove’s urban visions can’t erase his party’s record

Editorial: Regeneration of city centres can’t make up for 13 years in which renters were neglected while construction giants profited

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