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The Latest Breaking News on Real Estate

European city mayors urge Ursula von der Leyen to tackle EU’s housing crisis

Leaders of 10 major cities call for action to address ‘one of the most pressing challenges’ facing society

The Guardian - UK

Wallpaper* checks in at the refreshed W Hollywood: ‘more polish and less party’

The W Hollywood introduces a top-to-bottom reimagining by the Rockwell Group, capturing the genuine warmth and spirit of Southern California

Wallpaper

Taxpayers may need to bail out Sadiq Khan’s London housing fund, say auditors

GLAP missed repayment deadlines for £300m loan and concerns raised over poor management

The Guardian - UK

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Former chief adviser to Eric Adams indicted in $100,000 bribery scheme

Ingrid Lewis-Martin and her son allegedly used power to ‘illegally influence city decisions in exchange for cash’

The Guardian - US

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?

Economists and traders now expect that February may see the next rate cut, although it could be even later next year.

The Independent UK

John Swinney challenges Scottish Labour to give more than 'rhetoric' to Waspi women

JOHN Swinney issued a challenge to Scottish Labour to deliver more than just rhetoric during a clash at First Minister’s Questions on Thursday ...

The National (Scotland)

Bank of England warns economy will stagnate after Budget

Bleak forecast comes at Bank leaves interest rates on hold

Evening Standard

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Bank of England holds interest rate at 4.75% but warns of UK stagnation risk

Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffs

The Guardian - UK

Racecourse corruption claims shot down by watchdog

An integrity watchdog has rejected allegations there was corrupt conduct involved in the NSW premier or others' dealings over plans to redevelop a racecourse.

AAP

Friend of Alexander real estate brothers surrenders in sexual assault case

A friend of brothers who are prominent in luxury real estate in Florida and New York and are charged with sex trafficking and assault has surrendered to face an allegation that he helped two of them rape a woman nearly a decade ago

The Independent UK

‘Gamechanger’: super fund billions touted as solution to housing crisis

Institutional investors traditionally shy away from social housing because returns are too low but Labor initiative may change that

The Guardian - AU

Less than 10% of green belt could be redefined as ‘grey belt’, says minister

The Government has instructed councils to look at poor quality, green-belt land for potential housing developments.

The Independent UK

First look at controversial new ‘village’ for ageing residents

THE first images of how a controversial new "village" for older residents in East Lothian will look have been unveiled

The National (Scotland)

Jeremy Corbyn warns pupils left with nowhere to go as Islington school faces closure

Highbury Quadrant Primary School has 161 students, but space for 360, and has lost 115 students since 2020

Evening Standard

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The Independent UK

Annual growth in house prices and rents has accelerated

The figures were released on the day the ONS said Consumer Prices Index inflation rose to 2.6% in November.

Evening Standard

Rents spiralling at record 12% a year rate in London in new cost-of-living blow, official figures

But house price growth in the capital was the slowest in the country

The Guardian - UK

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

AAP

Budget blues in the most populous state as rates weigh

Government finances are wobbling in Australia's most populous state as stubbornly high interest rates weigh on home building and consumer spending.

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The Independent UK

‘Vital cash injection’ to tackle and prevent homelessness welcomed

Housing Secretary Angela Rayner described the funding as ‘historic’.

Latin Times

Tenants Sue Landlord and Win. Court Accidentally Hands Money to Landlord: 'Pure Madness'

A legal victory against their landlord has left a Sussex couple feeling defeated after the court mistakenly paid their £90,000 to the person they were suing.

Reason

North Carolina Passes Sweeping Surprise Ban on 'Downzoning'

To the bewilderment of many, North Carolina's hurricane relief bill includes the nation's strongest property rights protections against new zoning restrictions.

Evening Standard

Peckham redevelopment scheme sees affordable housing numbers slashed

The percentage of affordable housing planned for the site by Rye Lane would shrink to 12 per cent

International Business Times

How Ramshackle Housing Made Mayotte Vulnerable To Cyclone Assault

The dismal quality of housing across Mayotte has compounded the devastating impact of Cyclone Chido on the poverty-stricken French Indian Ocean territory where hundreds, or maybe thousands, are feared dead.

The Guardian - AU

Australians making record $295,000 median profit on home sales, report shows

Brisbane the most profitable city in September quarter while Melbourne the only capital city market to record more loss-making sales

The Independent UK

Surge in wages means beleaguered borrowers must wait for interest rates cut

Pay packets are now growing at 5.2 per cent, up from 4.9 per cent three months ago

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