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The Latest Breaking News on Real Estate

California has nearly 100 new housing laws. Are they fixing the affordability crisis?

Facing a massive affordable-housing crisis pushing Californians out of their hometowns and some onto the street, state legislators passed law after law to boost housing production. Now, Sacramento is asking itself the million-dollar question: Is it working?

Tribune News Service

Cramped and grotty rooms go on display at Ikea to highlight plight of homeless

The so-called Real Life Roomsets have gone on display at Ikea’s Birmingham, Warrington, Bristol and Hammersmith stores.

The Independent UK

Plans for more than 400 houses in RCT look set for final approval

The application for 460 houses off the A4119 at Cefn yr Hendy is going back before the council's planning committee

Wales Online

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Midlothian home owner praised for not demolishing house in conservation village

The owners bought the house with planning permission for an extension but found the plans lacked head space on the stairs and attic so lodged a fresh application which was refused

Edinburgh Live

Residents' big chance to voice opinions on major Trafford Waters development

Feedback wanted on plan for 208 new homes

Manchester Evening News

Government should not be within ‘ivory tower in Edinburgh’ – Yousaf

The SNP leadership contender said he would commit £25 million to turning empty homes into new housing.

The Independent UK

Australia returns trade surplus of $11.6 billion

Australia has reported another trade surplus ahead of the RBA's March cash rate decision, which is broadly expected to result in another hike.

AAP

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Billionaire Issa brothers agree $1.5bn 'sale and leaseback' deal for EG Group in USA

EG Group said it will use the net proceeds to help repay debt

Manchester Evening News

Rentals under $400 disappearing as prices surge

Affordable rentals are becoming increasingly hard to find as strong demand for rental accommodation continues to outstrip supply.

AAP

Site of blaze-damaged Whitley Bay church could be turned into 12 new homes

A planning application for 12 homes will now be considered on the site, six years after the church was burnt to the ground

Chronicle Live

Alexis Leondis: Mortgage lenders are selling homebuyers a lie

“Marry the house, date the rate.” That’s the advice realtors and mortgage lenders are giving worried homebuyers as mortgage rates reapproach the two-decade high of 7% reached in November. In other words, don’t be afraid to commit to the house you love, because you can just refinance when rates come…

Tribune News Service

Share of affordable properties in Australian capital cities has more than halved, analysis shows

The proportion of dwellings listed for under $400 a week has more than halved to an average of just 15% across the country

The Guardian - AU

Interest rate rises: is there a less painful way to curb inflation?

The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?

The Guardian - AU

Plans for HMO in former pub 'could cause significant distress'

Neighbouring businesses have filed letters of objection to the plans for a 13-bed house of multiple occupancy

Liverpool Echo

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Birmingham Post

Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt

The brothers also co-own Asda with TDR Capital

Evening Standard

More trouble at Home REIT as two tenants enter liquidation

The embattled housing provider has said that the two tenants, which make up 18% of its rent roll, are close to collapse

Irish Mirror

Survey finds renters in Ireland fear the cost of living crisis has affected their ability to buy a home

Energy prices are a main concern for prospective homebuyers

Evening Standard

Billionaire Issa brothers’ EG Group sells $1.5 billion in property in bid to slash debt burden

The billionaire Issa brothers’ business EG Group has sold $1.5 billion worth of property in the US as the pair scramble to bring down the firm’s debt burden amid soaring interest rates.

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Bristol Post

Plans for new supermarket and blocks for 628 students unveiled on industrial estate

The regeneration of St Phillips is getting under way

Chicago Sun-Times

Near North Side condos aim to put home ownership in easier reach

The Seng, a building completed near North and Clybourn avenues, is being marketed to working families who find other starter homes beyond their budgets.

Wales Online

Neighbours fuming over extension that turned bungalow 'into two-storey house'

Council has approved the plans, despite having been described as 'insensitive' and 'overbearing'

Wales Online

Huge new housing development takes forward step and plans revealed for special needs school - The latest Cardiff planning round up

Plans have also been resubmitted for a 5G mast in Radyr

Evening Standard

Contractors struggle to fill order books as economic headwinds hammer construction sector

Two surveys published on Monday showed a tough outlook for construction in 2023

Los Angeles Times

Commentary: How California came to treat UC Berkeley students’ ‘noise’ as a dire environmental threat

In an era of upheaval and protest at People’s Park and across the country, the University of California, Berkeley admitted its first significant wave of Chicano students in response to student pressure in 1969. Even then, the university had a housing shortage, prompting a successful effort to acquire a house…

Chicago Sun-Times

Progress on United Yards shows that Invest South/West is moving faster than people realize

Real solutions take time, hard work, collaboration and a lot of patience. In Back of the Yards, we start construction this spring using more than $35.5 million in private investment and $21 million in city support.

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