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The Latest Breaking News on Real Estate

London first-time buyer monthly mortgage payments up £363 in a year despite falling asking prices

New research reveals the true impact of rising interest rates on those looking to join the property ladder in the capital

Evening Standard

As the WA government commits $2.6 billion to social housing, here's how many homes that gets

Western Australia is going through what the government says is its biggest ever spend on social housing, at a cost of $2.6 billion. Here's what's being done, and why the question of whether it's value for money is complicated.

ABC News

Home building costs up 3.5%

Sanitaryware price hikes led to a 3.5% increase in the standard home construction price index in the first quarter of 2023 amid higher fuel costs, according to the Real Estate Information Center (REIC).

Bangkok Post

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Michael Pascoe: Higher education rates also key to generational gap on home ownership

Generational factors are more to blame for the housing crisis than hipsters’ love of expensive smashed avo on toast.

The New Daily

Financier buys Jeffrey Epstein's private islands, with plans to create a resort

Financier Stephen Deckoff paid $60 million for Great St. James and Little St. James. He hopes to open a resort on the islands by sometime in 2025.

WEKU

Scots landlords say they are being 'discriminated against' as result of 'unlawful' cap on rent increases

Landlords across the country have mounted a legal challenge against the Government at Scotland's highest civil court.

Daily Record

Hunt and Braverman among five in cabinet earning thousands as landlords

Call for ministers to implement 2019 rent reform pledge as 38 Degrees reveals 87 MPs making money from property

The Guardian - UK

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Real estate agent sparks debate after revealing he and wife sit in first class while children are in economy

‘I fail to see what lesson this will teach them,’ one critic says of plane seating arrangements

The Independent UK

NSW government expects 12 councils to call for strict caps on short-term rentals

Planning minister Paul Scully has spoken to mayors in state’s north about proposed 60-day cap for Byron

The Guardian - AU

Rent cap legislation ‘discriminates’ against private landlords, court told

Landlords are challenging a Scottish Government rent freeze at the Court of Session in Edinburgh.

The Independent UK

International real estate management firm invests £8.9m in South West properties

AEW, which has offices in Boston, London, Paris and Hong Kong, has bought properties in Bath and Bristol

Birmingham Post

Home with own swimming pool part of bumper property auction

Lots include a "mixed bag" fit for first-time buyers and investors

Liverpool Echo

Thomas benefactor Crow covered tuition

Crow paid for private school for Thomas' great-nephew. Yet that fact remained previously undisclosed

Salon

Plans for more than 60 new flats could “decimate” a community

A proposal for 66 apartments has been lodged on land in Kirkdale

Liverpool Echo

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Glasgow Live

Glasgow city centre plan for 350 flats with no car parking for tenants approved

The 'car free' development would boast a gym, courtyard and garden space on the roof top

Birmingham Post

LSL Property Services shakes up estate agency business with franchising model

It is part of a streamlining exercise being carried out at the Newcastle-based business

Wales Online

Council threatens to knock down man's front garden wall if he doesn't do it first

Magistrates appearance did not go well for homeowner Khan Mahmood Khan after he asked for a 'favour' over fine

The Independent UK

Spring bounce as home-buyer mortgage approvals rise in March

Some experts said the increase in mortgage approvals for house purchase is a sign of the housing market being more resilient than previously thought.

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Evening Standard

Bring out the bunting: 10 London homes for sale on private and no-through roads — perfect for a street party

Cul-de-sacs and sealed-off streets are a boon for the bunting brigade in summer — and gratifyingly quiet the rest of the year

The Guardian - UK

Women-only housing for Britain’s new class of handmaids – how is that progress?

A new social housing experiment in London seems to draw on Edwardian ideas of single women’s limited lives, says Guardian columnist Zoe Williams

Edinburgh Live

Edinburgh house prices £60,000 higher than before pandemic with no sign of dropping

Those looking to buy in the city will have to prepare themselves for a hefty price as house prices in the city are more than £60,000 higher than before pandemic.

Evening Standard

Earls Court studio with the bed in a recess under the ceiling advertised to rent for £1,279pcm

The “bedroom” is located in what appears to be a storage area, while the kitchen’s only cooking facility is an electric hotplate.

Birmingham Post

Labour shortage hindering construction projects in Wales

Over 70% of chartered quantity surveyors in Wales said skills shortages are limiting the sector’s ability to take on more work

The New Daily

States and territories guaranteed 1200 affordable homes

The government will amend its housing fund to guarantee 1200 affordable and social homes to each state and territory following negotiations with the crossbench.

Insider UK

Scottish construction professionals expect growth for the first time in almost a year

However, the first quarter monitor also showed that activity in the sector continued to fall during the first quarter

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