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The Latest Breaking News on Real Estate

As property prices retreat, top economist isn’t expecting recession

The U.S. economy is likely to avoid a recession, even with a downturn in housing and commercial real estate, economist Mark Zandi predicts.

Tribune News Service

Will Disney, Universal affordable housing projects lead the way for more?

As Walt Disney World and Universal Orlando help build affordable apartments for employees and the public, questions remain about who is going to get to live there and what other local businesses, if any, will follow suit.

Orlando Sentinel

Pro-housing advocates are suing these Bay Area cities to force planning for more homes

Housing advocates tired of the Bay Area’s foot-dragging efforts to plan for more homes amid an intensifying housing crisis are taking matters to the courts.

Tribune News Service

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Agencies demanding £50 an hour or more for staff forces council to change plans

Bolton Council is finding 'exceptional challenges in meeting statutory enforcement requirements' on housing

Manchester Evening News

Scotia Homes reports recovering profit of £4.4 million

Ellon-headquartered housebuilder's turnover also reached £40m - 21% ahead of the previous financial year

Insider UK

Dumfries and Galloway social housing landlord set to increase rents by up to seven per cent

Loreburn Housing Association is also warning of “a bleak prospect of underfunding in homes” and deferring investment plans

Daily Record

Bellway sees cooling of homebuyer demand amid economic uncertainty and rising mortgage rates

Reservation rates for the developer were down as much as 60% in the final quarter of 2022

Birmingham Post

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Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

The Guardian - UK

UK property demand declines as house prices in England fall

Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body Rics

The Guardian - UK

UK housing prices and sales record fall as buyer inquiries drop

The Royal Institution of Chartered Surveyors said the overall tone of the feedback from property professionals remains subdued

The Independent UK

Nottinghamshire woman 'owed £5,000' for apartment that hasn't been built

The One Collection company has declined to comment on why Geraldine Murphy has not yet received a promised refund

Nottingham Post

Anger over 'disgraceful' Bingham country park promised as part of 1,000-home development

Issues including sludgy paths and access for disabled residents have been raised by people living in Bingham.

Nottingham Post

Push for national housing plan as increasing number of older Australians become homeless

Outreach workers are seeing more demand for support from older people experiencing housing stress and homelessness amid concern interest rate rises will exacerbate the issue. But legislation entering federal parliament today could help to ease the pressure.

ABC News

House prices and sales fall as buyer inquiries drop

Property experts say the market is having to adjust to higher interest rates with new instructions staying on a downward trend

Wales Online

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AAP

New promise for Mascot Towers owners after 'nightmare'

Owners of apartments in Sydney's ill-fated Mascot Towers will be given low-interest loans to repair the defect-plagued building if Labor wins the NSW election.

AAP

Headwinds await new Mirvac skipper Campbell Hanan

Property group Mirvac has announced a 62 per cent dip in statutory profits, as inflation, labour shortages and supply constraints await new CEO Campbell Hanan.

AAP

Qld looks to market for affordable housing proposals

The Queensland government is calling for more private and social sector proposals for affordable homes with the offer of grants from a $130 million pool.

The Independent UK

House prices and sales fell in January as buyer inquiries dropped

The Royal Institution of Chartered Surveyors said the overall tone of the feedback from property professionals remains subdued.

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Insider UK

Demand and supply continue to soften in Scottish housing market

Latest surveyor survey show that new buyer demand fell through January

The Independent UK

Delays in courts system could hamper tenancy reform plans, MPs warn

The Government has outlined plans to introduce stronger protection for tenants as part of its Renters’ Reform Bill.

Bangkok Post

Market for pre-owned homes grows

The number of second-hand homes for sale nationwide costing 3 million baht or below posted the highest increase in the fourth quarter last year as the property measures for the segment expired at the end of the year.

Manchester Evening News

The 10 Greater Manchester areas where house prices are still soaring

The property market may be cooling in most parts of the UK - but prices have shot up yet again across our region

Glasgow Live

Glasgow landlords get severe warnings as damp found among list of defects in homes

Glasgow's licensing committee had concerns over two HMO properties managed by the same firm as inspections identified a number of problems.

Chronicle Live

Bridget Phillipson MP meets Sunderland apprentices at Houghton-le-Spring housing development

The MP for Houghton and Sunderland South was given a tour of Persimmon’s Herrington Grange development

Edinburgh Live

Derelict Edinburgh garages to be demolished for two family homes

One councillor feared the development would 'cram too much into a very limited space'.

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