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The Latest Breaking News on Real Estate

Weekly Must-Read: ‘Exorbitant’ Fines Land Temu in Hot Water With Chinese Merchants

Hundreds gathered outside Temu’s Guangzhou offices to voice anger at the platform’s increasing levying of penalties for product defects without providing evidence

Caixin Global

Annual house price growth reaches fastest rate since December 2022

Nationwide Building Society said UK house prices rose 0.3% month-on-month in July.

The Independent UK

Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

The Guardian - UK

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read the most diverse news in one place.

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

AAP

Bank Of England To Finally Cut Interest Rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

International Business Times

The most and least expensive seaside locations to buy a house revealed

The rich do like to be beside the seaside

The Independent UK

Odour and gas concerns scuttle proposal to build 180 homes at Fletcher

EPA raises concerns about impact of odours on future residents.

Newcastle Herald

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Bank of England braced for knife-edge interest rate decision

Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday

The Guardian - UK

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

The Guardian - AU

Australians are struggling to make ends meet. This is not an economy in need of more rate rises

Inflation has risen again – but not because we’re splashing out on new clothes or fancy dinners

The Guardian - AU

Planning changes will not mean ‘load of ugly houses’, says Rayner

Deputy PM promises more GP surgeries, roads and schools as she unveils England’s housebuilding targets

The Guardian - UK

What is the 'grey belt' and what are Labour's housing plans for it?

Angela Rayner says the plans ‘won’t be without controversy’ but will make housing more affordable

Evening Standard

London borough warns it faces bankruptcy over housing costs as government announces building programme

Newham town hall is facing “considerable financial pressures” over its temporary accommodation bills

Evening Standard

Taylor Wimpey CEO backs "ambitious" government house building targets as profit falls before interest rate cut

Jennie Daly stands by the FTSE 100 firm’s pledge to build 10,000 homes this year

Evening Standard

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news in one place.

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Evening Standard

London first-time buyers: 'We had to cross the river to get on the property ladder'

A Londoner’s loyalty to their patch can crumble when it comes to house hunting, reports Santander

The Guardian - UK

Taylor Wimpey says Labour’s planning changes ‘important early step’ for more homes

Housebuilder welcomes shake-up of planning rules as it reports half-year profits fell by nearly 60% to £99.7m

The Independent UK

House sales increased by 8% annually in June – HMRC figures

An estimated 91,370 transactions were made, which was 8% higher than June 2023 but slightly lower than in May, HM Revenue and Customs said.

The Guardian - UK

Uk politics: Voters want MPs to swear allegiance to their constituents, not to king, poll suggests – as it happened

Polling for the Republic campaign group says only 11% of voters want MPs to pledge allegiance to the monarch

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AAP

Housing revamp is NT Labor's headline election pledge

Leaders Eva Lawlor and Lia Finocchiaro have gone head-to-head in a civil debate as the NT government prepares to enter election caretaker mode.

The Guardian - AU

Inflation rises to 3.8% amid hopes the RBA will hold off hiking interest rates again

Australia’s consumer price index rose in the June quarter in line with economists’ forecasts

Evening Standard

Who will win this week's Stirling Prize 2024: Hackney social housing in the running for top architecture award

Four of the six shortlisted architecture prizes are in London, including the Elizabeth Line

The Guardian - UK

Britain’s best new building: can a tiny dairy farm beat the epic Elizabeth line?

From increasing the National Portrait Gallery’s wall space to revitalising a notorious estate, this year’s finalists for the RIBA Stirling architecture prize couldn’t be more different

Newcastle Herald

Newcastle independent councillor John Church won't seek reelection

Outgoing councillor urges voters to break Labor bloc's control.

The Guardian - UK

The Guardian view on Labour’s housing proposals: revolutionary intent

Editorial: Social housing must be at the forefront of a new, more aggressive approach to solving Britain’s chronic shortage of homes

The Guardian - AU

Australia’s inflation rise could light the fuse on an early election

The government’s popularity may pivot on Wednesday’s CPI figures and a pre-Christmas poll would be a prospect if it viewed the RBA’s job was done

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