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The Latest Breaking News on Real Estate

Rishi Sunak: I'll fire up London with plan to ease housing crisis and boost West End

EXCLUSIVE: Prime Minister speaks to the Evening Standard on how the Tories would get London’s economy thriving

Evening Standard

Woman wins $240k legal action against barrister

A barrister must pay $240,000 that a court found he had borrowed from a woman he befriended after visiting her massage parlour.

AAP

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loans

The Guardian - UK

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Buying a home now 'beyond hope' for essential workers

Most Queensland nurses, teachers and police officers can no longer afford to buy their own home to live in - even with a dual income.

AAP

Killing of young Cambodian couple by businessman with honorary title revives concerns about impunity

A court in Cambodia has formally charged a real estate entrepreneur who held a royally bestowed title with the premeditated murder of a young couple in the capital Phnom Penh

The Independent UK

Should Australia recognise housing as a human right? Two crossbenchers are taking up the cause

The Australian Human Rights Commission thinks so, including it in a list of rights that should receive legislative protection

The Guardian - AU

Landlord With Rental Income? See if You Qualify for a 20% Tax Break

Many landlords are eligible to take the 20% tax deduction for qualified business income

Kiplinger

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Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

AAP

‘Labour can’t have their cake and eat it’: housing crisis will force party into planning rows

The shadow housing minister’s objection to high-rise flats in his constituency is typical of the dilemmas Keir Starmer, who has pledged to build 1.5m new homes, will face

The Guardian - UK

Barcelona plans to shut all holiday apartments by 2028 to cut housing costs

Barcelona will scrap the licences of the 10,101 apartments currently approved as short-term lets

Evening Standard

Barcelona to ban apartment rentals to tourists in bid to cut housing costs

Spanish city is one of Europe’s top destinations but its popularity has made housing increasingly unaffordable for residents

The Guardian - AU

Barcelona reveals plans to scrap holiday rentals by 2028

Over 10,000 apartment owners will be banned from renting to tourists from 2028 under the city’s new plans

The Independent UK

Stock Market Today: Another Down Day for Nvidia Drags on Stocks

The mega-cap chipmaker shed more than 4% this week, creating headwinds for the S&P 500 and Nasdaq.

Kiplinger

US Existing Home Sales Fall As Prices Hit Record

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

International Business Times

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The Independent UK

Threatening ‘arson’ stickers appear in Lake District second home protest

Stickers depicting a house going up in flames have been posted near Lake Windermere

Wallpaper

Hermitage Mews is a net-zero family of homes in London’s Crystal Palace

Hermitage Mews by Gbolade Design Studio is a sustainable residential complex in south London's Crystal Palace, conceived to be green and contextual

Kiplinger

Promising Investable Areas in Commercial Real Estate

Bright spots still exist in CRE, including data centers and multifamily properties.

Evening Standard

Kensington Palace Gardens reopens to cyclists after safety measures installed

Britain’s most expensive residential street was shut over speeding cyclists

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Evening Standard

It's still possible to buy a solid family home for £600k without heading to Zone 6 — here are 10 of the best

Skip over the second-stepper flat and instead size up and enjoy more space with one of these appealing family homes

The Independent UK

Gold bars and Sen. Bob Menendez's curiosity about their price takes central role at bribery trial

Prosecutors have shown jurors at Sen. Bob Menendez's trial multiple instances when he researched the value of gold as he tried to help a New Jersey businessman who authorities say bribed him with gold and cash

The Conversation

Plucking numbers from the air: Victoria’s big build for housing relies on impossible targets

The Victorian government this week gave the state’s local councils a gargantuan task: solve the housing crisis by accelerating new housing.

Kiplinger

Stock Market Today: S&P 500, Nasdaq End Lower as Nvidia Sinks

The Dow Jones Industrial Average, on the other hand, closed higher thanks to strength in Salesforce.

The National (Scotland)

Scottish Government housing crisis plan 'fatally undermined' by cuts, experts warn

A COALITION of leading housing and anti-poverty organisations have accused the Scottish Government of “proceeding with business as usual” amid a…

Evening Standard

Bank of England leaves interest rates on hold at 5.25%

Monetary Policy Committee decision means that there is no chance of a cut in borrowing costs before August

The Independent UK

No fall in interest rates despite inflation hitting 2% target, Bank of England announces

No relief for borrowers as Bank of England base rate to remain at 5.25 per cent at least until August

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