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The Latest Breaking News on Real Estate

Tenants 'trapped' in rental cycle as prices soar for first-time buyers

A study of 2,000 adults, who live in a rental property, found 86% dream about one day stepping onto the property ladder

Daily Mirror

Will Ramirez-Rosa’s new Council leadership roles be ‘big step forward’ for progressives — or kick in the pants to developers?

If the new zoning chair and Council floor leader is more pragmatic than some of his critics expect, it could be a positive step for progressive politics in Chicago and developers.

Chicago Sun-Times

Singapore firms scramble to soften blow of soaring rent costs

Companies in Singapore are partially paying housing costs of employees and even relocating staff to cheaper neighbouring cities to help them tackle home rents that rose last year at their fastest rate in 15 years.

Reuters

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About 700,000 UK households missed rent or mortgage payment last month

Which? figures show Britons struggling with loans, cards and bills as interest rates and inflation soar

The Guardian - UK

Bangkok land price index surges in Q1

The land price index in Greater Bangkok rose in the first quarter of 2023 with a double-digit increase, driven by land price hikes on the outskirts of the capital.

Bangkok Post

Victorian government offers to settle class action over towers' COVID-19 lockdown for $5 million

Residents of public housing towers in Flemington and North Melbourne launched a class action against the government over the sudden lockdown in July 2020.

ABC News

Australia’s housing crisis is deepening. Here are 10 policies to get us out of it

As Australia’s housing crisis deepens, governments at all levels are being called on to help. The federal budget will be handed down today, and housing will be a key talking point.

The Conversation

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New JumpStart program to help young Tasmanians without a tenancy history get into rental market

If you don't have a rental history it can be very hard to break into the rental market. A new program for young renters will help them get a foot in the door.

ABC News

Airbnbs, short-stay homes not to blame for Noosa housing shortage, affordable housing lobby group says

Two of Queensland's most sought-after regions have an estimated 10,000 properties locked up as short-stay accommodation, but affordable housing advocates say holiday lets are not the driving force behind the rental shortage.

ABC News

New South Wales rental crisis could worsen as building approvals slump to record lows, economist warns

ABS data shows total approvals fell in New South Wales by 34 per cent for the first three months of this year, but hardest hit were townhouses, units and high-rises.

ABC News

Govt has allowed councils to block new development

Councils have used heritage designations, special character areas, carbon emissions, and even potatoes as reasons to prevent new developments that would help restore housing affordability, writes Dr Eric Crampton

Newsroom.co.nz

Privacy, healthcare concerns at play in axed income insurance plan

Prime Minister Chris Hipkins put a polarising income insurance scheme on hold just weeks before the law was to be introduced to Parliament.

Newsroom.co.nz

3 REITs Unable to Adapt to the Changing Retail Landscape

The changing retail landscape has put retail REITs under pressure. With online spending growing rapidly, retail REITs could remain under pressure. Amid this backdrop, investors could look to avoid fundamentally weak retail REITs Kite Realty (KRG), NETSTREIT (NTST), and Seritage Growth (SRG). Keep reading.

StockNews.com

The 'brilliant' Nottingham suburb which people once 'stayed away' from

It was once known for crime, but has since become 'family-oriented'

Nottingham Post

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Edinburgh Live

Owners of East Lothian farmworkers cottage make fresh plea to upgrade 'cheap' home

The cottage was built to house farmworkers nearly a century ago and has a large garden so tenants could grow their own vegetables but no insulation

The Guardian - AU

Commonwealth rent assistance has no effect on Australia’s housing affordability, Anglicare says

Report finds that not only is CRA inadequate in alleviating rental stress, but that the way it’s calculated neglects those most in need

Wales Online

Hundreds attend Caernarfon rally highlighting housing 'crisis' in Wales

The aim of the rally was to send a message to the Minister for Climate Change, Julie James MS, and demand a Property Act which would regulate the market

Glasgow Live

Empty Glasgow city centre site could be used for almost 300 student flats

Developers want to build an 11-storey block including a gym and cinema on land near King Street car park.

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news in one place.

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Daily Record

Extension plan at Ayrshire home would have 'significant ramifications' as dispute emerges

Officials refused application to demolish garage and build extension at Monkton house.

The Independent UK

Labour to crack down on foreign buyers of Britain’s homes

Keir Starmer would impose new restrictions on overseas investors and give ‘first dibs’ to first-time buyers

The Guardian - UK

Labour considering higher taxes on foreign buyers of UK homes

Move comes as senior Tory blames party’s scrapping of housebuilding targets for poor local election results

Chicago Sun-Times

Lightfoot’s development czar reflects on 4-year fight for balanced growth

Samir Mayekar says business leaders have to view urban job creation as a sustainable business plan and not just philanthropy.

The Guardian - AU

Housing advocacy groups fear Labor-Greens clash could scuttle $10bn fund

Adam Bandt warns it will be ‘terrible’ if Labor forces vote on bill, as campaigners urge it to renegotiate

Irish Mirror

Irish mortgage holders face €16k overpayment with one wrong decision in coming months

"There is still value in the market, but you must do your research or get market-based advice"

ABC News

Surge in repeat youth crime worries Tasmania Police

In Tasmania, social housing is in short supply and efforts are being made to build new homes as quickly as possible. But as soon as construction starts, it is targeted by teenage vandals.

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