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The Latest Breaking News on Real Estate

Wales pledges £50m to bring derelict empty homes back into use

Labour hopes plan for up to 2,000 properties will help younger people return to places they grew up

The Guardian - UK

200 affordable Edinburgh homes to be built in three popular neighbourhoods

Edinburgh is set to get over 200 new council and affordable homes across three developments - in Greendykes, Wester Hailes and Dreghorn - together with new schools, a park and a massive retail space

Edinburgh Live

Home buyers target flats over houses in these top London and commuter towns

There has been a jump in demand for flats in London compared to this time a year ago, largely due to a combination of buyers returning to cities and rising rents.

Evening Standard

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Roosevelt Square applies fresh approach to ‘hallowed ground’ of public housing

The $172 million development phase on the old ABLA Homes site continues a vision of improving a neighborhood by adding mixed-income housing and other amenities.

Chicago Sun-Times

Everything you need to know if you're getting a mortgage in 2023

The price of property is steadily falling

Liverpool Echo

Bank of England expected to raise interest rates for 10th time running

Decision would pile more pressure on already-strained borrowers

The Independent UK

Riyadh Raises Efficiency of Real Estate Rental Operations to Gov’t Agencies with New Law

Saudi Arabia’s State Properties General Authority said that the state’s real estate rental law and its implementing regulations will enter into force, starting next Thursday, February 2, according to a statement. This was after approving the law and the passage of 180 days since its publication in the official Umm…

Asharq Al-Awsat

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Edinburgh property: Two-bed flat in former school with views of Salisbury Crags

The home is located in a B-listed converted former school building that overlooks the Crags and comes with two reasonably sized bedrooms, a living room, small kitchen and bathroom.

Edinburgh Live

New Galloway residents face eviction after landlord gives notice to quit

Tenants of Major General James Gordon were told by letting agents on Friday afternoon that they had to leave

Daily Record

Germany on brink of recession as economy shrinks; central banks may raise interest rates to 15-year highs this week – as it happened

German GDP shrank by 0.2% in Q4 2022, worse than expected, as investors anticipate borrowing costs to be hiked again this week

The Guardian - UK

How expensive is it to rent in Bristol and will rents rise in 2023?

Bristol has been ranked as one of the most expensive cities for rentals in the UK

Bristol Post

Brisbane and Hobart house prices set record for largest, fastest drop

Both cities hit "spectacular" highs during COVID-19 and have now seen a rapid and steep price decline.

ABC News

Concern over changes to NT rental housing

An Indigenous group has raised concerns over new rental arrangements for public housing in remote NT communities but the government says the scheme is fairer.

AAP

Families are falling short, even with federal government rental assistance

A national housing campaign is calling for Commonwealth Rent Assistance to go up by at least 50 per cent, with nearly one in two recipients in rental stress.

ABC News

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AAP

More mortgage pain to become reality

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

ABC News

Clayfield retirement village to be converted into social housing, but previously announced Mount Gravatt project still lagging

The vacant retirement village will provide at least 30 dwellings for those in need, but there's no clear timeline on when they will be ready for residents.

ABC News

As the rental crisis worsens, people are applying for homes they have not seen, offering more than the asking price

Even Australians who usually would be considered "strong tenants" are finding themselves unable to get a rental, as property managers report the crisis is the worst they have seen.

The Guardian - AU

‘They miss out’: soaring rents and insufficient support force more uni students in Australia to live with parents

‘Generational shift’ in share accommodation as housing crisis puts young people under ‘enormous pressure’

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The Guardian - UK

‘Mental torture’: six years after Grenfell, UK residents still live in fear as cladding deal falters

A government agreement with developers was meant to solve the fire safety crisis in affected buildings – but the wrangling goes on

The Guardian - UK

Gove admits ‘faulty’ guidance partly to blame for Grenfell fire

Minister says he wants to abolish ‘outdated, feudal’ system of home ownership by end of this parliament

Daily Mirror

Family shocked as great-gran gets £50 Asda voucher after blaze destroys home

A London family have been left fuming after their great-grandmother's flat burned down - and the housing association gave her compensation of a £50 supermarket voucher

The Independent UK

LOCALIZE IT: US residents moving southbound in recent years

EDITORS/NEWS DIRECTORS:

The Independent UK

Inside McCarthy's House: Famous friends and hard realities

Three weeks into the new era of the House Republican majority, the risks of Speaker Kevin McCarthy’s leadership style are clearly taking hold

Kiplinger

The 1031 Exchange Rules You Need to Know

Taxes are an inevitable part of real estate investing. You can, however, defer or avoid paying capital gains taxes by following some simple 1031 exchange rules.

The Guardian - UK

Why UK house prices could plunge by 20% after the latest interest rate hike

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crash

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