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The Latest Breaking News on Real Estate

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

The Guardian - AU

Bishopton residents set to challenge council over sale of green space

Action group ready to challenge council on green space decision

Daily Record

Tycoon who arrived as a refugee plans new Museum of Migration in City of London

Museum of Migration could be moved to a new location in Tower Hill, but the wider development faces opposition

Evening Standard

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Cornwall construction firm buys land with plans for 17 homes - and says land market is holding up

St Austell-based Gilbert & Goode has acquired a site near Truro for the proposed development

Birmingham Post

London property market slump yet to materialise as average house prices rise £34k in a year

The cost of a home in London remained almost unchanged in the month to December

Evening Standard

Homes to be built on former Irvine hotel after North Ayrshire Council land £600,000 grant

The plot will be transformed after a significant amount of funding was handed to North Ayrshire Council.

Daily Record

Edinburgh retail park with a Lidl and gym sold off in whopping £16million deal

Corstorphine Retail Park has been acquired by Lothian Pension Fund and the news comes after a recent extensive redevelopment with the inclusion of a new Lidl store and The Gym

Edinburgh Live

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Average UK house price growth slowed in December

The cost of a home in London remained almost unchanged in the month to December

Evening Standard

Falkirk plan to improve commercial properties to help bring in more cash

The council's 678 commercial properties bring in around £3.5 million a year, and a new strategy has suggested a focus on improving the standards of the buildings to help increase this figure.

Daily Record

Abandoned Edinburgh newsagents set to be turned into residential apartments

Supporting the plans, the applicant says that the unit has been derelict for over five years and has been the subject of vandalism. They wish to restore two levels of the four-storey property and add several flats

Edinburgh Live

Retailers on leading London shopping streets set to see £96m slashed from business rates bill

A number of central London retailers could see a significant decrease in their business rates liability in the West End, according to new research

Evening Standard

A lot of pain for inflation gains, RBA boss Philip Lowe tells Senate hearing

RBA boss Philip Lowe gave no clues about how many more mortgage bill hikes are coming in his first public remarks of 2023.

The New Daily

Annual house price growth slowed in December – ONS

The average UK house price in December 2022 was £26,000 higher than a year earlier but lower than an average of £296,000 in November 2022.

The Independent UK

Chinese provinces spent at least $51.6 billion on COVID curbs in 2022

Chinese provinces spent at least 352 billion yuan ($51.6 billion) on COVID-19 containment in 2022, according to annual budget reports from local governments, adding strains to provincial finances in a year when economic growth slowed.

Reuters

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news in one place.

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Evening Standard

How to decode an online property listing: the price drops, key words and trick photos to look out for

There’s more to watch out for than a wide angle lens. Four insiders lay bare the tricks of the trade that every buyer should know

Chronicle Live

Houghton-le-Spring attacker who punched victim in his own home and stole from him walks free

Luke Brice, of Houghton-le-Spring, admitted assault and theft

ABC News

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

The Guardian - AU

How high will Lowe go? Five things we learned from RBA governor’s parliament appearance

Philip Lowe tells Senate estimates that interest rates must keep rising to tame ‘corrosive’ inflation – and he is not resigning

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news in one place.

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Nottingham Post

Nottinghamshire woman's bungalow covered in mould after flooding from leaking pipes

Barbara Bishop says she is waiting for repairs to be done by the housing company which manages her bungalow.

Nottingham Post

Plans to turn function room into housing 'could be lifeline' for Nottingham pub

The first floor of the pub could be converted if the plans are passed by councillors

Insider UK

Lothian Pension Fund buys Edinburgh retail park from Hunter Real Estate in £16m deal

Adviser Lismore says demand for retail parks remains 'robust'

ABC News

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

ABC News

Rent bidding and 'rent ranges' to be banned under new laws to be introduced in South Australia

Landlords and real estate agents would be banned from soliciting bids for rental properties or advertising a "rent range" under laws to be introduced to South Australia's parliament.

Newcastle Herald

Lovedale acreage with a $7 million price tag

The property spans 114 acres.

AAP

Man jailed over South Melbourne factory blaze

Jayden Tune has been jailed for up to four years for setting his landlord's South Melbourne warehouse on fire, causing more than $3 million damage.

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