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The Latest Breaking News on Real Estate

Bank of England interest rates hit 5% as Andrew Bailey says ‘We know this is hard’

Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008

Evening Standard

Map shows the areas where house prices are rising and falling the most - see full list

The average house price in the UK was £286,000 in April, which was £9,000 higher than 12 months earlier. However, it was £7,000 lower than the recent peak in September 2022

Daily Mirror

Glasgow west end church demolition plans spark backlash over 'profit making' U-turn

Developers planning to turn a former church in the west end into dozens of flats have faced backlash for going back on promises to retain the building's historic facade.

Glasgow Live

From analysis to the latest developments in health,
read the most diverse news in one place.

OPINION - Bank of England acted too late on inflation and now homeowners will pay

This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…

Evening Standard

King Charles wishes Prince William happy birthday with sweet photo

The prince celebrates his 41st birthday today

The Independent UK

1.4m UK mortgage holders face 20% hit to disposable income from rate hikes

Expected surge in costs by 2025 likely to hit people in 30s hardest, says Institute for Fiscal Studies report

The Guardian - UK

Londoners and under-40s hardest hit by Britain’s mortgage rate mayhem (and don’t forget renters)

Inflation refuses to budge as under-40s, renters and London homeowners feel the pain

Evening Standard

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OPINION - The Standard View: Londoners feel the squeeze as inflation refuses to budge

In a sea of economic data that always seems to disappoint, today’s inflation figures may plumb new depths. The Consumer Prices Index (CPI) rose by 8.7 per cent in the 12 months to May 2023. In other words, despite all the pain of higher interest rates, inflation remains unchanged.

Evening Standard

Short-stay taxes may soon move beyond councils

The City of Hobart Council’s move to increase rates on short-stay rentals may soon become standard across Australia.

The New Daily

Interest rate hikes could see 1.4million Brits lose 20% of disposable income

The Bank of England is expected to raise the base rate - which influences interest rates lenders charge for mortgages, loans and other types of credit - again tomorrow in an effort to curb inflation

Daily Mirror

Rate rises ‘could see 1.4m mortgage holders lose over 20% of disposable income’

The Institute for Fiscal Studies said 690,000 mortgage holders are under the age of 40.

The Independent UK

Students will continue their rent strike into next year after months of chaos and frustration

The University of Manchester say they have taken 'unprecedented' action to support students

Manchester Evening News

Mortgages: I’m a first-time buyer – is now the right time to buy?

Experts offer advice for potential first-time buyers thinking of navigating chaotic mortgages market

The Independent UK

The Stockport street where residents have been 'constantly' plagued for two years

“It’s just one thing after another."

Manchester Evening News

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Manchester Evening News

Bank of England interest rate announcement this week - what could happen as inflation fails to fall

The Bank is under fresh pressure following new inflation figures this week

Manchester Evening News

Development partnership for thousands of new homes to bring 'millions' of investment to Oldham

“This partnership will bring millions of pounds of investment to Oldham with social value and wide opportunities for our communities"

Evening Standard

London house market faces ‘slowdown’ as Bank of England risks overdoing rate rises says Berkeley boss

Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall

Kiplinger

‘Boot’ in a 1031 Exchange: What It Is and How to Minimize Tax Implications

The part of a 1031 exchange that doesn’t meet tax-free criteria could trigger a hefty tax bill, but there are ways to manage unwanted boot.

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The Guardian - AU

‘Too good to be true’: Key Greens demand for rent freeze rejected by Labor states

Party vows to keep pursuing rent caps after working with Coalition to delay vote on Albanese government’s housing fund

The Guardian - UK

Housing market will be ‘choppy’ until interest rates settle, says Berkeley boss

Housebuilder reports jump in annual pretax profit but says current trading suggests 20% fall in sales this year

The Independent UK

Royal family birthday wishes for Prince of Wales as he turns 41

A picture has been posted on social media showing William with his father during coronation rehearsals.

AVNetwork

SCN Hybrid World Review: Why Jabra's Evolve2 65 Flex Headset Might Be the Right Fit for Your Office

Amazing ANC and a really useful app help set this headset apart.

Daily Record

Hopes rising over long-awaited new rented housing in Gatehouse

Up to eight homes are being proposed on the former Woodside Garage site at the eastern entrance to town

Daily Record

Two well-known Annan buildings set to be sold at auction

The Queensberry Arms Hotel and the former Erskine Church are set to be sold off

The Independent UK

Rise in mortgage rates on Thursday looks inescapable, say experts

Further monetary tightening risks deepening the financial pain for people and businesses, according to some commentators.

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