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The Latest Breaking News on Real Estate

One in five London homes sells for £1m-plus as prime property outperforms slumping market

Data reveals the higher proportion of residential properties in the capital selling for seven-figure sums since the pandemic hammered the economy and shook up the housing market

Evening Standard

Fewer Californians are moving to Texas, but more are going to Florida and Arizona

The number of former Californians who became Texans dropped slightly last year, but some of that slack was picked up by Arizona and Florida

The Independent UK

Ibrahimpatnam double murder, three get life imprisonment

Accused in double murder of realtor & friend awarded life imprisonment; two acquitted; three from Bihar still at large. Matta Reddy masterminded plan to grab land; hired assassins from Bihar; victims intercepted on road; Khaja fired, Bikshapathy bludgeoned; 64 witnesses examined in trial.

The Hindu

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Islington: North London council to buy back 310 ex-council flats for homeless families and Afghan refugees

Council housing buy back 'one of the largest in the country'

Evening Standard

China’s Country Garden risks default after ‘missing bond payment’

Property developer denies claims founder and chair have left country amid reports it missed key deadline

The Guardian - UK

Plans to limit land ownership in Scotland given seal of approval by public

PROPOSALS to place a presumed limit on how much land the ‘super rich’ can own in Scotland have been given the seal of approval in a consultation.

The National (Scotland)

Undiplomatic impunity: Chinese embassy leaves New Zealand landlord with $900 bill

People’s Republic is granted immunity from paying cleaning, rubbish removal and key cutting tab after diplomat vacated Wellington house

The Guardian - AU

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Australia’s jobless rate fell to 3.6% in September despite 40,000 full-time jobs being shed

Unemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says

The Guardian - AU

Keep your voice down, judge warns Donald Trump at fraud trial

Arthur Engoron gives warning after ex-president conferred aloud in court and threw hands up in frustration as witness testified

The Guardian - US

The furore over Karnataka I-T searches

The raids that went on for four days against “government contractors and real estate developers” in Karnataka, Andhra Pradesh, Telangana and New Delhi recovered ₹94 crore in cash and ₹8 crore worth of gold jewellery, diamonds and luxury watches, totalling ₹102 crore, the I-T Department said.

The Hindu

Jessel Taank is RHONY's breakout star

The British-American fashion publicist won over reality TV fans with her dry wit, humor and underdog origins

Salon

Labour’s new towns: an environmental disaster?

Letters: David J Black and Catherine Francis decry Keir Starmer’s housing plans, while Michael Kenny outlines the positives. Plus letters from Michael Hurdle and Steve Hoselitz

The Guardian - UK

Donald Trump told to keep volume down after getting animated at New York civil fraud trial

A judge has warned Donald Trump and others at his New York civil fraud trial to keep the volume after the former president threw up his hands in frustration and spoke aloud to his lawyers while a witness was testifying against him

The Independent UK

Business rates could rise by £1.95bn in ‘bleak picture’ for UK retail and hospitality

Inflation-linked increase next year would be ‘final nail in the coffin’ for many businesses, trade bodies warn

The Guardian - UK

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Salon

Trump watches appraiser torch valuations

Doug Larson rejected a Trump Org exec's claim that he advised him on swollen valuations

Evening Standard

Comment: 'building Georgian-style houses won't make new homes more desirable, affordable or scandal-free'

New housing should be forward-looking, contemporary

The Guardian - UK

Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme

The Independent UK

UK house prices ‘little changed’ from a year ago but rents show record rise

The average UK house price was £291,000 in August 2023, which was little changed from 12 months earlier, the Office for National Statistics said.

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news in one place.

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Evening Standard

Barratt warns of 'uncertain' outlook as challenging mortgage market persists

“The trading environment remains difficult, with potential homebuyers still facing mortgage challenges,” its CEO said

The Guardian - AU

Queensland government tells landlords to name their price for homes about to lose rental subsidies

Homes bought by state after exiting National Rental Affordability Scheme will become social or affordable housing

The Independent UK

Donald Trump returns to his New York fraud trial after two gag orders

The former president lashes out in the courthouse and online as he hears more testimony against him

The Independent UK

Trump returns to his civil fraud trial, hears an employee and an appraiser testify against him

Former President Donald Trump has returned to the New York civil fraud trial that imperils his real estate empire

Newcastle Herald

Social, affordable housing plan for Honeysuckle waterfront site

The NSW government has changed course on a key redevelopment project.

The Guardian - UK

Ban on no-fault evictions in England unlikely this year

Government ‘fast running out of time’ to pass bill reforming rental market, a cross-party open letter argues

The Guardian - UK

News Corp should spin off $7bn digital real estate assets, says activist investor

Rupert Murdoch empire could secure windfall by breaking up business, says Starboard Value

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