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The Latest Breaking News on Real Estate

UK interest rate cut is ‘possible’ this summer, says Bank of England deputy

Ben Broadbent says direct impact of Covid and Ukraine war on inflation has faded and BoE is waiting for longer-term effects to decline

The Guardian - UK

Trump trial: Cohen testifies that hush-money payment violated election law

Prosecutors rest case after ex-fixer Michael Cohen says he knew paying Stormy Daniels violated the Federal Election Campaign Act

The Guardian - US

UK interest rate cut this summer ‘possible’ says BoE deputy governor, as house asking prices hit record – as it happened

Rolling coverage of the latest economic and financial news, as deputy governor Ben Broadbent gives his final speech at the BoE

The Guardian - UK

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Our research shows what the rental market is really like for international students

International students have come under fire from both sides of federal politics in the past week.

The Conversation

Merewether Golf Club developer asks for more apartments as costs rise

The developer now hopes to finish the project by 2027.

Newcastle Herald

Average house price hits record high as mortgage rates cut

HSBC UK, Barclays and TSB cut their mortgage rates last Friday

The Independent UK

Buying London: meet the agents of Netflix's hottest new property show

It’s Selling Sunset... but in London

Evening Standard

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Regions open to migrants even in plan to slash numbers

Regional towns and universities would continue to welcome international students and workers under the coalition's plan to address the housing crisis.

AAP

New government needs to look into the issues of construction industry: CREDAI

CREDAI VP urges new government to address construction industry challenges for economic growth and job creation.

The Hindu

Four Actually Legit Reasons to Take Social Security Early

Don’t take a non-expert’s advice on when to claim Social Security benefits — they don’t know everything about your unique situation.

Kiplinger

Labor members demand land guarantee in housing plan

The Victorian government has been urged not to sell off land as part of its policy to redevelop Melbourne's 44 public housing towers in the next 30 years.

AAP

Nationwide doubles maximum personal loan to £50k amid rising building costs

Previous £25,000 maximum no longer enough to fund some home improvements, says building society

The Guardian - UK

Expert says employers can be found liable for sexual assault outside of work hours as PwC fights case

Accountancy firm argues it is not liable since it had taken ‘all reasonable steps’ to prevent such behaviour

The Guardian - AU

Witness at Sen. Bob Menendez's bribery trial says meat-export monopoly made costs soar

A witness at Sen. Bob Menendez's bribery trial says the cost of certifying that meat sent to Egypt follows Islamic dietary requirements skyrocketed after a single U.S. company was given a monopoly in a cozy deal prosecutors say Menendez arranged

The Independent UK

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The Texas Tribune

Austin enacts sweeping reforms to cut down housing costs

City leaders and advocates hope reducing the size of lots used to build homes will increase housing supply.

AAP

'I'm disgusted': premier lashes pro-Palestine activists

Prime Minister Anthony Albanese and Premier Jacinta Allan's speeches to the Victorian Labor faithful have been overshadowed by pro-Palestine protesters.

Evening Standard

Urgent warning over council house scam on social media: Tech & Science Daily podcast

The Standard’s Chief Political Correspondent, Rachael Burford, tells Tech Science Daily how a warning has been issued over a council house scam on social media, which has seen victims hand over thousands of pounds to secure social housing that doesn’t exist.

The Guardian - UK

China to cut mortgage rates as part of plan to prop up property market

Local authorities will be allowed to turn unsold homes from developers into affordable housing

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news in one place.

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The Independent UK

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Opposition groups in Serbia are planning protests against a real estate development project that will be financed by the firm of Donald Trump’s son-in-law, Jared Kushner, at the site of the former Serbian army headquarters destroyed in a U.S.-led NATO bombing campaign in 1999

International Business Times

China Says Could Buy Up Commercial Housing To Boost Property Market

A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.

The Independent UK

China is expected to announce new measures to fix its property crisis, spur growth

China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April

International Business Times

Chinese Officials Meet To Mull Support For Developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

The Guardian - AU

Chalmers says Dutton’s budget reply lacks economic credibility – as it happened

Treasurer accuses opposition leader of failing to explain how he would pay for suite of measures

The Conversation

Denser housing can be greener too – here’s how NZ can build better for biodiversity

Cities across Aotearoa New Zealand are trying to solve a housing crisis, with increasing residential density a key solution. But not everyone is happy about the resulting loss of natural habitats and biodiversity.

AAP

Rental vacancies ease as political housing brawl stirs

A small lift in vacancy rates offers a ray of sunlight for renters as challenges in the housing market become a sharper focus for the major political parties.

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