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The Latest Breaking News on Real Estate

UK house prices set to fall over next year as mortgage costs shoot up, experts warn

A chief economist for the Royal Institution of Chartered Surveyors has said that "storm clouds are visible" with house prices set to drop over the coming year due to rising mortgage rates

Daily Mirror

House prices in Wales expected to fall over next three months

Low stock has been propping up house prices in Wales but the latest RICS report shows that this has slowed since April 2022

Birmingham Post

UK’s 13-year housing market boom to end in 2023, surveyors predict

RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market

The Guardian - UK

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Scottish housing market outlook challenging, amid reduced market activity

New buyer enquiries in Scotland fall for third consecutive month

Insider UK

‘Storm clouds gather’ over housing market as mortgage rates rise

Mortgage market turmoil in recent weeks has compounded increasing economic uncertainty, the Royal Institution of Chartered Surveyors said.

The Independent UK

Short-term rental operators ask for national regulation amid housing crisis

Short-term rental operators call for the national regulation of their own industry to become part of the solution to Australia's housing shortage and ensure their survival.

ABC News

US is seeing its first decline in homebuilding since 2011, economists say

ATLANTA — The U.S. is in a recession that will temper homebuilding throughout the next year, one of the nation’s top economists said.

Tribune News Service

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Leaked messages show Edinburgh landlords discussing price hikes on tenants

Edinburgh landlords are discussing 2023 rent increases to take immediate effect after the Scottish Government's current rent freeze is due to end in March.

Edinburgh Live

Glasgow rent now over £1,000 on average with properties going at 'record speeds'

The cost of renting in Glasgow has spiked dramatically with the average renter now paying around £1,000 a month while the shortage of housing stock has resulted in properties being snapped up at record speed.

Glasgow Live

Edinburgh one bed flat goes on sale for more than a three bed house in Fife

As Edinburgh house prices rise, some may be looking to move further a field to the outskirts or Fife, that proves to be a popular commuter area for the city and certainly cheaper.

Edinburgh Live

Inside Greater Manchester's cheapest house going to auction for £20,000 with mould-ridden rooms and jungle garden

It needs a whole lot of work - but it has heaps of potential once renovated

Manchester Evening News

Tory voters could abandon party if house prices fall, poll shows

Homeowners who voted Tory in 2019 would be put off backing the party at the next General Election if property prices fall, a new survey has found.

Evening Standard

Work set to commence on next phase of homes at Blindwells

Ogilvie Homes is the latest developer to start work at the site, building a further 77 houses

Insider UK

Couple claim to be facing financial ruin after builder left house in 'horrific' state

Stephen Williams claims he got an electric shock from a live wire left hanging and slipped in a "pool of cement" left on the floor at the property in Three Crosses, Wales

Daily Mirror

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Birmingham Post

Cameron Hall Developments back in profit following boost to turnover

The property and hotel business saw turnover rise to £2.1m in the year to the end of December

Bangkok Post

Singapore apartment rents soar 31% with further gains to come

Singapore’s rental market could get even hotter due to the latest property curbs and a tightening housing supply.

ABC News

Real estate scam prompts Sunshine Coast single mum's warning

A Sunshine Coast mum is warning others to be vigilant after being scammed out of $4,000 when paying what she thought was a deposit to secure a property on a popular real estate website.

Wales Online

Couple facing financial 'ruin' after builder leaves house in 'horrific' state

'This money was earned from working hard all our lives. He's financially ruined us'

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ABC News

National Rental Affordability Scheme's end prompting homelessness fears for single mother

As a federal rental subsidy program winds down and social housing applications triple, Melanie says she sees no option for her and her two children but to move into her car.

Manchester Evening News

Housing development blighted by Japanese Knotweed given the green light

"I don’t think they’re taking it seriously enough.”

The Guardian - UK

If the Tories U-turn on no-fault evictions, they’ll be guaranteeing misery for renters

Britain’s housing market feels like it’s stuck in the 19th century. Keeping cruel section 21 legislation will make it worse, says author Daniel Lavelle

The National (Scotland)

Millionaire Lord blames rent freeze as he puts brakes on £1bn housing project

A MILLIONAIRE Labour Lord has blamed the introduction of a rent freeze by the Scottish Government for his decision to put “on hold” a £1…

The Guardian - AU

Stamp duty vs land tax: how to save money on five NSW properties

Proposed new state laws will give first home buyers a choice, with tens of thousands of dollars at stake

Birmingham Post

Castle Park View apartments Bristol to be managed by property firm Principle

Principle Estate Management has been instructed to a block within the same complex as the city’s tallest residential building

Liverpool Echo

What council is spending developers' millions on amid Knowsley's housebuilding boom

The council has detailed how it is using some of the money

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