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The Latest Breaking News on Real Estate

A Recession May Just Prove To Be A Great Opportunity For Real Estate Investment

It seems like a tale of the past, but the U.S. saw record low mortgage rates in 2020 and 2021; concurrently, real estate investment soared. But the tried-and-true adage that real estate investment is a long-term proposition has never been more true today as mortgage interest rates steadily climb.

Benzinga

House prices in London rise again but agents warn that crash ‘now inevitable’

The average house price in London stands at an-all time high of £552,755

Evening Standard

House prices soar AGAIN to nearly £300,000 - but experts say a fall is coming

The typical UK property costs a staggering 13.6% more than it did a year ago, but experts say a house price fall is still coming next year with predictions of a 10-15% drop

Daily Mirror

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Queensland homeowners told land needed for Bruce Highway upgrade hours after getting keys to Griffin house

On Monday morning Anil Konda got the keys to his family's dream home, only to receive an email seven hours later saying his property was needed for upgrades to the Bruce Highway.

ABC News

End of rental scheme a major risk for Qld

On the eve Queensland's housing summit, the state government has warned 10,000 homes will be less affordable when a federal subsidy scheme ends.

AAP

Canberra's house values are falling across every suburb, but prices in the capital are still high

Experts say prices in Canberra are tied to interest rates, and if they keep rising then prices will keep falling.

ABC News

With Queensland renters desperate, calls for compassion from landlords are no substitute for housing policy

Governments are reluctant to intervene in the property market due to political risk but the calculation is changing

The Guardian - AU

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Qld to probe short-term rental home market

The Queensland government has launched a probe into the state's short-term rental market ahead of a housing crisis summit later this week.

AAP

Family faces eviction after refusing to pay rent due to 'nightmare' flat problems

There have been many issues

Nottingham Post

Renters in Bristol urged to share experiences as council lobbies for extra powers

Council chiefs are exploring options to make renting more affordable in Bristol

Bristol Post

Social welfare Ireland: Grim report finds no properties available under standard HAP limits

Calls have been made for a ban on evictions this winter following the report's worrying findings

Dublin Live

Warning to anyone buying a house over the next few weeks

Some new movers are pausing their plans and wait to see how the next few weeks unfold

Liverpool Echo

Mum shocked to get water bill for almost £2,000

Melanie's water usually costs her just £470 for six months

Wales Online

Average London rent hits record £553 a week amid property shortage

Estate agents Foxtons says an average of 29 renters competed for each property in September

The Guardian - UK

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The Guardian - AU

Queensland housing minister urges compassion after ‘appalling’ call to raise rents by 20%

Leeanne Enoch says email sent to landlords by Brisbane agent comes amid ‘unprecedented pressures’ on market

Pedestrian.tv

A Qld Real Estate Agency Told Landlords Now Is The Perfect Time For A 20% Rent Hike

“It’s this sort of flagrant price-gouging that demonstrates exactly why we need a national two-year freeze on rent increases."

Birmingham Post

House prices in Wales at a record high as economic pressure builds

The average house price in Wales is now 12.4% higher than the previous year

Evening Standard

Property prices increase despite Government mini-budget fallout

September’s mini-budget has sent the housing market into turmoil, with more uncertainty to come.

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Evening Standard

Average London rent reaches ‘extremes’ at £553 per week record high

Data from Foxtons unveils almost 30 applicants for each property as housing supply restricts

Tribune News Service

Sim beats Stewart in Vancouver election that hinged on housing crisis

Entrepreneur Ken Sim has unseated Kennedy Stewart as mayor of Vancouver, a city where runaway home prices and the cost of living have become pressing concerns among voters.

The Guardian - UK

UK house prices rise in October despite economic turmoil

Average price of a property coming to market up 0.9%, says Rightmove, but first-time buyer demand has dropped

The Guardian - AU

Brisbane real estate agency advises landlords to increase rents by over 20% amid housing crisis

Agency claims most tenants ‘are agreeable’ to the rent increases, which Tenants Queensland calls ‘opportunistic price-gouging’

The Guardian - UK

‘Everyone struggled’: life in UK’s unregulated supported housing

With criminals suspected of cashing in on such accommodation, one ex-tenant says they are a ‘money grab’

Liverpool Echo

Developer responds to questions about site where investors have put in over £15m

The Sourced Development Group have said the Regent Plaza scheme has been delayed by supply chain issues and the global pandemic

Edinburgh Live

Edinburgh fixer upper for sale on bustling commercial street at £165,000

The one-bed flat would be a challenge to renovate but those selling the property have said that there is opportunity to turn the space into a two-bed flat in a much sought after area.

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