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The Latest Breaking News on Real Estate

Italy scraps green tax credit scheme as construction sector suffers

Superbonus 110 initiative led to a surge in home renovations but has been blighted by widespread fraud

The Guardian - UK

Persimmon launch major new residential in Newport

The scheme at St Modwen's Glan Llyn regeneration development will see 178 new homes built

Birmingham Post

Purplebricks issues profit warning and puts itself on the market

Estate agent, once at the vanguard of online property sales, has seen its value fall since 2018

The Guardian - UK

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Belfast Harbour submit plans for new affordable housing scheme

A total of 71 homes are set to be built close to City Quays and Clarendon Dock

Birmingham Post

UK mortgage deals: how to navigate the rollercoaster rates ride

Amid a debate about what is happening to the housing market, what are your options?

The Guardian - UK

Dodger Stadium gondola may get shot down by city of LA, Homeboy Industries

LOS ANGELES — A controversial project that would move passengers in sky-high gondolas to Dodger Stadium is getting some substantial pushback from the city of Los Angeles and a prominent, anti-gang nonprofit, even as a new survey finds a majority of respondents support the project.

The Orange County Register

Plans approved to transform former Gartmore village shop into a flat

The shop – which closed in September – was said to be not financially viable.

Daily Record

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Northern Ireland house prices soften but supply tightness continues to underpin

Average property price stood at £175,234 in the final quarter of 2022, down 0.5% on the third quarter

Birmingham Post

Council buys homes on 'Welsh Riviera' in bid to tackle homeless crisis

Eight have been purchased already in areas including Abersoch and Nefyn

Wales Online

Team Leicester heading out to Cannes to promote investment opportunities at MIPIM 2023

International MIPIM property conference takes place in Cannes between March 14 and 17

Birmingham Post

Broken Hill council recoups close to $1 million after two-day public land auction

A two-day auction has seen nearly $1 million recovered by the Broken Hill council and all properties listed sold, as land that had five years' of outstanding rates was offloaded.

ABC News

Religious group launch bid to take over Ayr building to create new church

The plan by The Redeemed Christian Church of God (RCCG), The Fountain of Living Water Ayr, to take on the building is conditional on planning permission for a change of use being granted.

Daily Record

Look inside the UK's lowest carbon office building after the £31m plans were approved

The building's timber frame predicted to store 4,000 tonnes of carbon, the equivalent of 2,500 return flights from Manchester to New York

Birmingham Post

Colourful office complex with near £55m price tag taken off the market

The complex includes 255,000 sq ft of office space across five inter-linked buildings

Birmingham Post

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ABC News

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages.

Tribune News Service

Who will pay $3.3M settlement in whistleblower suit against Texas AG Ken Paxton’s office?

AUSTIN, Texas — What happens now that Ken Paxton’s office has settled the lawsuit filed by four whistleblowers who accused him of bribery and abuse of office?

Chicago Sun-Times

Brewpub, daycare — along with new housing — among proposals to transform vacant lots on West, South sides

The city is seeking input until the end of February on the potential transit-oriented developments in East Garfield Park and Woodlawn near the CTA’s Green Line.

Wales Online

Bridgend Council to join national empty homes scheme

The £50 million scheme has been backed by Welsh Government to bring thousands of empty homes back in to use

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Zenger

Changing Norms Means Kenya’s Traditional Female Roofers Face Job Losses

Building homes has long allowed women to contribute to their families financial security, but it is now increasingly dwindling

Bangkok Post

REIC revises up property market outlook for this year

The total residential property index projection for 2023 has been upgraded as reduced transfer and mortgage fees continue to offer benefits to buyers of mid-scale properties.

Reuters

Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis

(This Feb. 16 story has been corrected to make clear that the scheme offers residency rights, not an EU passport, which golden visa-holders can apply for after five years, in paragraphs 9 and 11)

Manchester Evening News

Greater Manchester's most expensive areas where footballers, celebrities and millionaires live

House prices are sky-high in these affluent parts of the region

Nottingham Post

'Re-plan necessary' of 800-home Nottinghamshire scheme after pipes found

It will affect the design and location of 16 homes in the final stages of the development, which has permission for 255 houses on the land

Chicago Sun-Times

Mayoral challenger Ja’Mal Green proposes 1% sales tax on luxury vehicles to replace revenue lost if boot gets banned

Calling booting “inhumane,” Green says the practice is driving people into poverty, and he pledges to make it illegal.

Irish Mirror

Fears over 'avalanche of evictions' if government don't extend eviction ban

"Next week People Before Profit will bring forward the Eviction Ban Bill 2022 to extend and strengthen the current moratorium on no-fault evictions"

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