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The Latest Breaking News on Real Estate

‘No easy fix’: Victoria’s short-term rental levy pits regional tenants against hosts

While the housing shortage is affecting numerous professions needed in the country, property owners say the 7.5% tax will not fix the problem

The Guardian - AU

Fraud or real estate? Five takeaways from week one of the Trump Organization trial

Former president treated court appearance as a campaign stop, despite facing a possible fine of $250m for boosting value of his assets

The Guardian - US

Unlocking affordable homes my ‘number one focus’ in government, Rayner promises

The party has pledged to give local authorities greater powers to negotiate with firms and build in the areas they need.

The Independent UK

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Building firms tell Sunak undoing green policies will hit housing investment

More than 100 leading companies urge PM to reinstate net zero measures to avoid hardship for many

The Guardian - UK

Trump request to halt New York fraud trial rejected by appeals court

Trial to resume on Tuesday but court stays judge’s order to immediately break up Trump’s businesses in New York state

The Guardian - US

Why I started an app to fight short-term lets

AS the number of short-term lets in Scotland is on the rise, a tenants’ union has created an app they believe will change the housing landscape.…

The National (Scotland)

Labour would oversee ‘biggest boost in affordable housing in a generation’

Exclusive: Deputy leader and shadow housing secretary Angela Rayner says party would get tough on developers

The Guardian - UK

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Florida rep asks Palm Beach County to tax Mar-a-Lago at Trump’s valuation

Democrat asks for ex-president’s home to be taxed at hundreds of millions more than current appraisal

The Independent UK

Buyer’s market: London house prices down 4.8 per cent reports Halifax

London has seen the biggest fall in house prices in cash terms of any UK region

Evening Standard

Buyer’s market fuels fastest fall in UK house prices in 14 years

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax

The Guardian - UK

Bond yields rise after US jobs report smashes forecasts – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payroll shows surge in hiring last month

The Guardian - UK

Revealed: Inside the squalid homes of landlord given longest ever ban from letting

Nilendu Das, 55, has a ‘long history of operating and managing extremely poor quality housing’

The Independent UK

Mapped: The areas where rent has gone up the most in the UK

West Midlands see biggest quarter on quarter rise as price up again across the country

The Independent UK

UK house prices have proven more resilient than expected, says Halifax

Despite recent house price falls,the average property value remains more than £39,000 above pre-pandemic levels, Halifax said.

The Independent UK

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Evening Standard

London house prices down 4.8% as ‘higher for longer’ interest rate fears slow demand, Halifax says

UK house prices were down 4.7% , the Halifax House Price Index found

AAP

CFMEU blasts industry 'hysteria' on workplace reforms

Tradies have no reason to be worried the federal government's workplace reforms will force them to become employees, the construction union says.

AAP

Higher repayments eating deep into borrower incomes

Mortgage holders are funnelling more of their incomes into monthly repayments but are well placed overall to weather challenging economic conditions.

The Guardian - UK

Well-maintained tower blocks are not bad places to live

Letters: It is unfortunate that many of the architects who designed such housing are no longer appreciated, writes Nicholas Russell

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news in one place.

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The Independent UK

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

Evening Standard

London rents up 12 per cent as prospective tenants far outnumber homes

Demand is outpacing supply of rental homes, with 25 tenants asking to view a single property on average

Evening Standard

Euston HS2 station may not go ahead if private funding can’t be raised

The Euston terminal for the high speed rail line may not go ahead if the Government is unable to raise enough private sector money to fund it.

Evening Standard

Central London office spend plunges as rate rises and working pattern changes bite

Rising interest rates, coupled with structural challenges regarding the nature of office working, have hit the sector

Evening Standard

Unite Students boss leaves as rents soar amid chronic student housing shortage

He leaves the student landlord in strong shape, with its properties all but full for 2023-24

The Independent UK

Rents reach new record high with average home receiving 25 inquiries

Average rent in London reaches £2,627 per month

The Guardian - AU

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

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