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The Latest Breaking News on Real Estate

Feds play recording of Burke seeming to link approval of Burger King permit with business for his law firm

“We were going to talk about the real estate tax representation, and you were going to have somebody get in touch with me so we can expedite your permits,” Burke was recorded saying during a call with an executive.

Chicago Sun-Times

Revealed: the London borough named UK’s happiest place to live

A London location has come top of Rightmove’s Happy at Home Index for the first time ever

Evening Standard

15-year Loop office lease for Department of Environment, police oversight commission OK’d by committee despite backlash

Expanding existing leased space near City Hall is crucial for the reborn Department of Environment and a new civilian police oversight commission, committee members were told. But some members complained there’s vacant government-owned space in their wards.

Chicago Sun-Times

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Trump's defense at civil fraud trial zooms in on Mar-a-Lago, with broker calling it 'breathtaking'

Former President Donald Trump’s civil business fraud trial has turned to one of the topics that has vexed him most — the disputed value of his Mar-a-Lago club in Palm Beach, Florida

The Independent UK

Unique co-living tower with communal art space a first for the city

It could provide much-needed housing diversity in the CBD.

Newcastle Herald

San Francisco's Can-Kicking on Zoning Reform Could See It Lose All Zoning Powers

Plus: the U.S. Justice Department says zoning restrictions on a church's soup kitchen are likely illegal, more cities pass middle housing reforms, and California gears up for another rent control fight.

Reason

Councils to monitor second homes turned into short-term lets amid tax changes

Councils will monitor whether new tax changes for second homes will lead to the properties being turned into short-term lets instead, a minister has…

The National (Scotland)

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Moody’s cuts China credit outlook to negative as economy slows

Rating agency says Beijing may need to bail out local governments as property sector collapses

The Guardian - UK

NSW government’s plan to address housing crisis by rezoning land around train stations accidentally revealed

Thousands of homes will be built around eight stations, details accidentally published online by the planning department show

The Guardian - AU

RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank

The Reserve Bank of Australia keeps its cash rate on hold at 4.35% in line with expectations from economists after inflation continued to slow

The Guardian - AU

Trump will face gag order during fraud trial testimony after another courtroom loss

A judge rejected his attempt to fast-track an appeal before he returns to the witness stand

The Independent UK

Affordable housing would get a boost with better zoning policies

There are zoning reforms that would help Chicago achieve its vision of abundant housing and better access to transit.

Chicago Sun-Times

London council ordered to pay £50,000 to woman forced to live in mouldy home

Hammersmith and Fulham Council 'chose to ignore' a resident's struggles with leaks, damp, mould and cracked walls

Evening Standard

An upcoming auction will determine the fate of this once-proud Ohio golf club

"I know there are people who want it to remain a golf course," said a realtor. And it still could be.

USA Today Sports Media Group

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Evening Standard

London house prices: the boroughs where homes have become least affordable since 2013

New analysis shows the extent to which property values moved away from salaries across the capital in the past decade

Evening Standard

Twickenham: Eel Pie Island residents fight to save car park under threat from £20million development

Richmond Council is planning a £20million Thameside development which island residents claim will reduce the value of their homes

Kiplinger

What Would Accreditation Change Mean for Real Estate Investors?

Investors determined by a test to be ‘financially savvy’ would be allowed to invest in ways that they can’t now without having a certain level of assets.

Newcastle Herald

Three-bedder in Pelican sells $250k above reserve at auction for $1.2 million

There was also a surprising result at an auction in Marks Point.

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International Business Times

What We Know About Evergrande's Financial Future

A Hong Kong court on Monday gave Chinese property giant Evergrande until the end of January to put together a restructuring plan, offering the embattled firm much-needed breathing room as it teeters on the brink of bankruptcy.

Newcastle Herald

Auction result breaks Islington suburb record one week after last top sale

Another auction in Broadmeadow drew 18 registered bidders.

The Guardian - UK

UK house prices likely to fall by 1% next year, says Rightmove

Competition among sellers will increase as mortgage rates settle at ‘elevated’ level, website predicts

The Conversation

We all know about JobKeeper, which helped Australians keep their jobs in a global crisis. So how about HomeKeeper?

Bipartisan support for temporary extra government spending to preserve businesses and jobs through JobKeeper was one of the few positive outcomes from the COVID-19 pandemic.

Newcastle Herald

Cessnock is booming: how will the city cope with 112,000 people?

'I don't think you can ever do enough forward planning.'

Chicago Sun-Times

Dear Abby: How much should I help friend who’s homeless?

Reader doesn’t want a roommate but worries about the safety and living conditions of friend living in a car.

The Independent UK

Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts

A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than $300 billion in debts

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