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The Latest Breaking News on Real Estate

Bank of England holds interest rates at 15-year-high as economy flirts with recession

The Bank of England has held interest rates at 5.25 per cent for the third consecutive time

The Independent UK

Heartland Alliance cuts 65 jobs and shuts affordable housing division

Still hurting from the pandemic, the nonprofit said it is trying to sell its apartment buildings to operators who will maintain the sites as affordable properties.

Chicago Sun-Times

Double council tax for second homes agreed at Holyrood

Councils will have the power to double council tax on second homes after new regulations were agreed in Holyrood.

The National (Scotland)

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Markets bet on UK interest rate cuts in 2024 amid recession risk

Bank of England expected to keep rates at 5.25% on Thursday but abandon current strategy next year

The Guardian - UK

More than 300,000 people likely to be homeless at Christmas

Latest government statistics show homelessness at highest levels since records began

The Independent UK

Best and worst performing suburbs in Lake Macquarie and Newcastle in 2023

See the best and worst performing suburbs across the region this year.

Newcastle Herald

Trump fraud trial judge jokes he’ll ‘miss’ the case as testimony ends

A ruling is expected by the end of January in a case that threatens the former president’s business empire

The Independent UK

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Surreality TV: The Curse finds the horror in home renovation shows

The most uncomfortable show of the year is a much-needed satire on the pervasive ethos and aesthetic of home renovation television

The Guardian - US

Bibby Stockholm barge costs taxpayers £22m amid calls for asylum seekers to be rehomed following death

The cost of housing migrants on the barge is revealed as the Home Office is under pressure to find alternatives

Evening Standard

Victoria to set new housing targets for every council in the state

Exclusive: Plan Victoria includes housing targets for every council and strategies to ensure homes are built in the most suitable areas

The Guardian - AU

Michael Gove to ease housebuilding targets for councils in England

Developers say move is ‘capitulation to Tory nimby faction’ and could lead to fewer homes being built

The Guardian - UK

Rents for top quality West End and City offices forecast to rise in 2024

Rents for the capital's greenest and most high end offices have climbed over the last five years, by more than a quarter for some space in the West End, and further growth is predicted in 2024 according to a new forecast.

Evening Standard

Michael Gove ‘capitulating’ to nimbys with moves to block new homes, say developers

‘Capitulation to a nimby faction of the Conservative party’, say housebuilders on changes to planning system

The Independent UK

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

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The Independent UK

Donald Trump’s lawyers again ask for early verdict in civil fraud trial, judge says 'no way'

Donald Trump’s lawyers have rested his defense and have sought again to immediately end the New York civil fraud trial that threatens the former president’s real estate empire

Newcastle Herald

Strong buyer interest in 'hidden' 1.7 acre block listed in Charlestown

The property has a guide of $1.15 million to $1.25 million.

Chicago Sun-Times

Activists, public housing residents push to oust CHA leadership

Activists say more than 200,000 people are on the waiting list for public housing and they want Mayor Brandon Johnson to replace the CHA board and its CEO.

Latin Times

Buyers From Latin American Countries Represent Almost Half of International Home Purchases in Florida

A report shows that Argentines, Brazilians and Colombians comprised more than 20 percent of the purchases overall

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Evening Standard

Victory for ‘peasants’ revolt’ as Duke’s appeal over allotment plan is rejected

The Duke of Northumberland planned to build 80 flats on the three acre site to fund repairs to his Grade I listed residence Syon House in West London

Evening Standard

Andrew Bailey is wrong. The Bank of England must cut interest rates now

City Voices: If the Bank wants to avoid a long and damaging recession then it needs to act fast

Latin Times

Latinos Have the Largest Household Size in the U.S.: These are the Figures

Latinos have the largest households of any demographic in the U.S. and average 3.6 family members per household.

The Guardian - UK

UK pay growth drops sharply as job vacancies fall

Bank of England will be monitoring figures as it decides whether to cut interest rates this week

The Guardian - UK

I want to buy my disabled mum a home in Scotland, but I can’t afford the property tax

She can’t get a mortgage, but if I take one out the property will be classed as a second home

The Guardian - AU

Melbourne real estate agency’s ‘eviction season’ email warns renters not to miss payments due to Christmas spending

Professionals Taylors Lakes apologises for email that said property managers will have to evict tenants who fall behind during festive season

Newcastle Herald

Newcastle suburbs that joined the $1 million club in 2023

See where median house values climbed above $1 million this year.

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