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The Latest Breaking News on Real Estate

Yorkshire housebuilder Gleeson feels effects of interest rate rises

The firm said it had seen fewer first time buyers and a higher proportion of customers aged over 55

Birmingham Post

House prices fall at fastest annual rate in 12 years

The annual drop of 2.6% in June is the largest year-on-year decrease since June 2011, Halifax said.

The Independent UK

Glasgow tenant 'burst into tears' after flat 'had cockroaches, mould and broken units'

Jess Banks was looking forward to moving into the first flat of her own but when she got there it was riddled with problems including cockroaches, broken units and mould.

Glasgow Live

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US wage growth stronger than expected in June, but job creation slows – as it happened

Wages rose by 0.4% last month, while total nonfarm payroll employment increased by 209,000, and the unemployment rate has dropped to 3.6%

The Guardian - UK

Occupiers turning to refurbishments to meet Grade A office demand

Latest market analysis suggests many are improving sustainability features and creating more amenities

Insider UK

Bank of England warned 7 per cent interest rates would send shock wave through housing market

A leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’

The Independent UK

Glasgow will see rise in rough sleepers if 'decisive action' isn't taken to increase accommodation

The team responsible for administering the city's homelessness services has warned that more people will be forced to sleep rough if swift action isn't taken to meet demand for accommodation.

Glasgow Live

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Just two London postcodes remain with average room rents below £750 per month

At the start of this year there were still four postcodes with average room rent below £700pcm — now there are none

Evening Standard

A 14-storey block, hundreds of student beds and affordable homes: The big Manchester plans heard this week

Student flats and office block didn't get the green light but almost 100 homes did

Manchester Evening News

Scottish footfall falls - but fares well in comparison to other parts of UK

Industry body predicts that rising mortgage rates and potentially higher taxes may weigh further on consumer sentiment

Insider UK

NSW wants rent reform this year in system 'rebalance'

The NSW government wants to fast-track rental reform through parliament to "take some of the heat out" of surging rents across the state.

AAP

Southern California hotels hit by strike say union is unlawfully pushing housing agenda

LOS ANGELES — Amid tense negotiations over new contracts for thousands of local hotel housekeepers, receptionists and cooks, a group of Southern California hotels filed an unfair labor practice charge accusing Unite Here Local 11 of striking over policy proposals that have “nothing to do” with the employees it represents.

Los Angeles Times

East Belfast social housing plan recommended for refusal as City Hall officials raise "concerns"

Council report states plan's length and massing "is inappropriate to the scale of the street"

Belfast Live

Berlusconi's final will divvies up 5 billion euros in wealth; eldest children control media empire

Silvio Berlusconi has left control of his media empire to his two eldest children

The Independent UK

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Miami Herald

Miami and Brazilian developers join to build $1 billion worth of apartments in 5 years

MIAMI — Miami investment management company Leste Group and one of Brazil’s biggest real estate investors, Opportunity Fundo de Investimento Imobiliário, are teaming to build more than $1 billion of apartment buildings in Miami over five years offering up to 5,000 apartments.

StockNews.com

3 Homebuilder Stocks Investors Are Buying in July

Despite the rising interest rates and prevailing market uncertainties, the housing market’s long-term prospects remain favorable. Hence, it could be wise to scoop up the shares of homebuilder stocks PulteGroup, Inc. (PHM), Sekisui House, Ltd. (SKHSY), and Tri Pointe Homes (TPH) that seem to be drawing investors’ attention this month.…

Manchester Evening News

Part of council-owned landmark could be demolished and the land sold off for housing

'The plan is for the whole of the extension to go and new homes to be built on the site - which would be considerable'

Glasgow Live

Glasgow Life urged to attend talks over controversial flats plan near music venues

There are concerns that residents of a planned development on a Merchant City car park would complain about noise at the City Halls and Old Fruitmarket.

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news in one place.

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Bristol Post

‘Stitch-up’ claim as U-turn on demolishing South Bristol shopping centre slammed

The surprise twist has sparked criticism from opponents of the plans

The Guardian - AU

Local councils warn Victorian government against seizing control of planning laws

Municipal peak body also says more town planners are desperately needed to speed up building approvals

Wales Online

The state of a new build Taylor Wimpey housing estate where residents pay a fee for it to be kept pristine

Some residents have reportedly taken to cutting the grass themselves on one of the parks

Miami Herald

Mayor Francis Suarez doubled his net worth to $3.4 mil last year — and now has a boat

MIAMI — Francis Suarez’s net worth ballooned to $3.4 million in the year following his re-election for a second term as mayor of Miami, according to newly released financial disclosures filed with the city detailing the mayor’s personal finances in 2022.

Liverpool Echo

Fears West Derby deli's alcohol plan 'could affect house prices'

One resident claimed: 'This has annoyed me'

Daily Record

Cheapest places to live in the UK as Ayrshire towns feature heavily

Newmilns is the cheapest place in Ayrshire to live according to GetAgent, and second cheapest in the UK.

Manchester Evening News

Gary Neville admits 'huge mistake' in St Michael's development after public backlash and U-turn

Work on the first phase of the project has already begun

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