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The Latest Breaking News on Real Estate

Despite mass layoffs, there are still lots of jobs out there. Here's where

Mass layoffs have dominated the headlines as huge companies shed hundreds and thousands of workers. But the economy is still adding jobs — 236,000 last month alone.

WEKU

Horrified house hunters slam £550-a-month 'flat-share' with 8 BUNK BEDS in one dorm

The furnished flat posted on Rightmove is described as including a 'shared dorm room with six to eight beds' and shared shower facilities - but house hunters have likened it to a 'prison'

Daily Mirror

‘I was really shocked’: would-be UK homebuyers describe their mortgage battles

Even high earners being hit by harsh bank affordability tests in wake of crisis caused by mini-budget

The Guardian - UK

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Tokyo plan likened to putting 'skyscrapers' in Central Park

The Jingu Gaien is a rare green space in central Tokyo

The Independent UK

Hampstead house fetches double guide price in record-breaking auction as it’s sold for first time in 150 years

Bidding rocketed past an upper guide price of £1 million – and just kept going

Evening Standard

Airbnb disappointed by Byron Bay move to cap operations

Airbnb says it is "surprised and disappointed" by calls from the state's independent planning commission to harshly curb holiday letting in Byron Bay.

The New Daily

Average monthly rents hit £2,500 in London and £1,190 for rest of UK

Average asking price reached record levels inside and outside capital in first three months of 2023, Rightmove finds

The Guardian - UK

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Asking rents reach new record highs as supply remains squeezed, says Rightmove

The property website said it has seen some improvements to squeezed supply levels this year.

The Independent UK

Origin prepping first condo-backed tokens

SET-listed real estate developer Origin Property is joining hands with two digital asset companies in launching Thailand's first condo-backed digital tokens, targeting 361 units of three condominiums in central Bangkok.

Bangkok Post

Demand for Vacation Homes Down 50% from Pre-Pandemic Levels

Between high mortgages and return-to-office plans, there's less interest in vacation homes, a new report says.

Kiplinger

House prices appear to have peaked but are still 'unaffordable' for buyers, expert says

Dr Rory Hearne, an Assistant Professor at Maynooth University and the author of housing book ‘Gaffs’, told the Irish Mirror that house prices do appear to have peaked

Irish Mirror

How NZ can lead way on debt-fuelled housing speculation

It is inexcusable for banks to lend on ‘businesses’ incapable of outperforming a risk-free return without speculative capital gains, argues Michael Rehm

Newsroom.co.nz

Controversial Edinburgh student flats on Leith Walk approved despite local concern

The proposals were given planning permission following narrow vote by councillors, despite being told the development was "not what is wanted in Leith".

Edinburgh Live

Residents at West End block Huguenot House face uncertain future

Leaseholders and tenants commission new “green” vision for their Sixties concrete building

Evening Standard

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Liverpool Echo

Three storey apartment plans aim to 'harmonise' with local area

A block of five flats will be built if the plans are approved

Liverpool Echo

Man who caused neighbours 'panic' and 'anguish' kicked out of house

People feared the man would retaliate if they reported his behaviour to police

Manchester Evening News

Bank of England to announce May changes to interest rates

A change in interest rates will have a direct effect on mortgages and loans

Kiplinger

Supreme Court Hears Property Tax Home Equity Dispute

Can a state pocket your surplus home equity while collecting past-due property tax?

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ABC News

NCOSS-commissioned research reveals 80 per cent spike in financial stress for NSW mortgage holders

Research commissioned by the NSW Council of Social Services finds NSW mortgage holders, mostly in regional parts of the state, are experiencing extreme financial stress.

The Independent UK

Trump rape case explained: How a chance department store meeting led to a court case decades later

Nearly three decades after E Jean Carroll claims Donald Trump raped her in a dressing room, the pair are facing off in court. Andrew Feinberg explains the case

Birmingham Post

Plans for almost 200 homes at former Bristol Zoo site get the go ahead

The plans have been approved despite huge public opposition

ABC News

Byron Bay holiday rental cap considered to address lack of housing

In a shock move, the NSW Independent Planning Commission recommends the Byron Shire Council be given the power to impose a 60-day annual cap on short-term holiday lets.

The Guardian - AU

Battle for Byron Bay: NSW advised to allow 60-day limits on short-term rentals in tourist hotspot

Independent Planning Commission rules a previously planned 90-day cap would not achieve its objectives

Wales Online

Woman buys three houses in Sicily for one euro each and has big plans

Rubia has already started modernising the properties

Evening Standard

My leasehold papers are incomplete and I need indemnity insurance for a new mortgage. What does this involve?

Taeya Maj bought her property in 2012, and her fixed-rate mortgage expired in November last year. She has been told that her leasehold documents are incomplete and advised to buy indemnity insurance.

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