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The Latest Breaking News on Real Estate

Average Australian renter paid $3,000 more last year, research finds

Greens say average rent rise of 13.8%, or $62 a week, highlights need for two-year national freeze

The Guardian - AU

Edinburgh student sleeps on pals' sofas for three months as she cannot find a flat

Imogen has to go from friend-to-friend to find somewhere to stay while working and is constantly looking at flats which are taken within minutes of being advertised online.

Edinburgh Live

UK house prices to fall by at least 10 per cent in 2023, experts predict

HOUSE prices in the UK will fall by at least 10 per cent in 2023, experts have predicted.

The National (Scotland)

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Luxury Glasgow Airbnb flat ordered to stop operating after resident complaint

The owner of the West End apartment argue that his refurbishment work had enhanced the value of the property, but concerns remained about the impact on other residents.

Glasgow Live

Cities push to convert deserted office buildings into housing

These conversions are hard, but they've been done before.

Axios

House prices could fall by 15% as IMF issues stinging criticism of Tory plan

Leading economists have warned that consumers and the housing market are in for a rough ride following the drop in the value of the pound.

Daily Record

UK house prices predicted to drop by at least 10% in 2023

As lenders pull mortgage products amid interest rate turmoil, experts forecast ‘significant fall’

The Guardian - UK

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Bidding wars for homes in Merseyside's most in demand postcodes

Homes sold in these areas for thousands of pounds above their guide prices

Liverpool Echo

Vic govt unapologetic for tower lockdowns

Premier Daniel Andrews says he won't apologise for locking down Melbourne public housing tower residents without notice in 2020 to curb a COVID-19 outbreak.

AAP

A Place In The Sun buyer sends 'alarm bells ringing' after early confession

Fans of A Place In The Sun were concerned by a potential buyer's confession as she searched for her dream property in Sunny Beach, Bulgaria

Daily Mirror

Renters afraid to complain about property faults - for fear of rent increase or eviction

Nearly half of tenants are living with issues such as cracked windows, broken tiles, and leaky taps - but are less prepared to put up with mould or damp

Daily Mirror

China's property market crisis: Homeowners forced to live in unfinished apartments

After years of accelerated growth, the real estate sector in China is in crisis. The biggest developers are crumbling under colossal debts. Due to a lack of funds, the construction of hundreds of buildings has been put on put on hold for months, if not years. New apartment owners find…

France 24

Corporate Home Buying Spree Backfires — Is This A Sign That Michael Burry's Predictions Are Accurate?

Not so long ago, in a galaxy not so far away, corporations thought they hit the jackpot. Not so long ago was 2021, and the galaxy in question was the United States of America.

Benzinga

Agricultural land set to make way for houses near Carmarthen

Persimmon Homes has applied to build 92 properties at a key development site called Carmarthen West

Wales Online

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Pedestrian.tv

Here’s How Much Aus Rents Rose In The Past Year — Syd Prices Rose $28 Literally Last Week Alone

New data released on Tuesday revealed just how much rents have risen in each Australian capital city and ooft, my condolences to Sydneysiders who’ve unsurprisingly been ripped off the hardest.The latest SQM Research Weekly Rents Index data showed Sydney rents have risen 23.7 per cent in the past 12 months…

ABC News

Large tracts of Perth land to be released, but do little to alleviate housing crisis in short term, experts say

Large tracts of land primarily in Perth's outer suburbs to be released in a bid to alleviate major housing shortages, but won't be available for years, and will do little to alleviate urban sprawl, experts say.

Benzinga

Cash In On The Rental Housing Market Boom With These 3 High Yielding REITs

As the national average for the 30-year fixed mortgage rate sits at roughly 6.43%, many homebuyers can no longer afford a down payment as well as the interest rate that comes with purchasing a home. Unfortunately, due to the scorching hot real estate market, the average home price in the…

Tribune News Service

About 1 in 5 Dallas-Fort Worth homebuyers backed out of deals in August

The U.S. housing market saw a spike of canceled home sales this summer largely in Sun Belt markets, including Dallas-Fort Worth, that saw an influx of buyers during the pandemic.

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news in one place.

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Tribune News Service

Remote work drove over 60% of house-price surge, Fed study finds

The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going forward as the shift becomes permanent, according to research from the Federal Reserve Bank of San Francisco.

The Guardian - AU

‘A social calamity’: record-high rents push tenants across Australia to breaking point

Interest rate hikes and lack of supply across Australian cities are leaving tenants exposed to ballooning rents and evictions

Salon

Kushner company to pay for rent abuses

The financial restitution to some 30,000 tenants could swell well beyond $3.25 million

Manchester Evening News

Greater Manchester areas where house prices have plummeted in recent months

The average cost of a home has surprisingly dropped in some parts of the region

The Independent UK

The Watcher: The real story of a letter to “The New Owner” that turned a dream home into a living nightmare

EXCLUSIVE: A family received a series of terrifying letters warning that their new home and young children were under constant surveillance - they still don’t know why, Sheila Flynn writes

Evening Standard

Key words for selling property: how to make your sales listing stand out to home buyers

These key terms and useful tricks can open the portal to a sale

Evening Standard

Mini-budget: How much is stamp duty and how to access tax calculator

Under the new measures, first-time buyers in London and the south-east could potentially save as much as £11,250

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