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The Latest Breaking News on Real Estate

UK house prices fall after ‘significant shock’ of mini-budget

Halifax reports steepest monthly drop since February 2021 amid interest rate rises

The Guardian - UK

House prices fall as average UK home now costs £292,598

Mortgage lender Halifax says the annual rate of house price growth slowed to 8.3%, from 9.8% in September

Wales Online

UK house prices fall at sharpest pace in almost two years

The drop is the sharpest Halifax has seen since February 2021

The Independent UK

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UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

The Guardian - UK

Cairns Regional Council rate hike proposal leaves investment property owners furious

Owners of investment properties in one of Queensland's tightest housing markets say a council rate hike for non-principal places of residence will only drive up rent as tenants struggle with the rising cost of living.

ABC News

DIY novice buys doer-upper without even knowing how to paint a room

For the latest in our Where I Live series, Amy Aziz told the ECHO how she's "got stuck into" DIY

Liverpool Echo

Why do we have such low rental vacancy? It doesn’t mean a shortage of houses

A low rental vacancy rate doesn’t mean a lack of housing, just as the jobless rate doesn’t indicate a shortage of human beings

The Guardian - AU

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Distressed housing sales rise as owners succumb to Australia’s rising interest rates

Buyers who overpaid for properties in boom market conditions now feeling the pinch, head of property investor group says

The Guardian - AU

House price forecast: average London home value could drop £28,000 next year before rising £124,000 by 2027

The house price fall is expected to be followed by a sharp rise

Evening Standard

Midterm voters to take on Colorado's soaring housing costs

Voters will take on the soaring costs of housing in Colorado next Tuesday when they decide on a bevy of local land statewide ballot measures

The Independent UK

Edinburgh's cheapest flat hits the market for £60k with 'uninterrupted' sea views

Located in a block of flats in Muirhouse, the two-bedroom flat sits on the twentieth floor, so it might not be one for those who aren't a fan of heights, but it comes with a price tag of only £60,000.

Edinburgh Live

These 4 REITs May Be At Risk Of A Dividend Cut

Rising interest rates and sky-high inflation have caused the real estate market to cool rapidly as mortgage rates hover near decade highs.

Benzinga

London property market sees demand for homes almost halved since disastrous mini-Budget

The fall in demand for homes is far greater in London than any other UK region.

Evening Standard

Talking about house prices, for all the wrong reasons

City Voices: The next 18 months are going to be tough for homeowners

Evening Standard

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Irish Mirror

Thousands of Irish property owners to be hit with new tax unless they urgently contact council

The new tax will target any unused land zoned and serviced for housing, regardless of its size

Pedestrian.tv

The Rental Crisis Is About To Get Batshit Bananas Bad Despite Already Being Fkn Awful

We can't have an "all-time low" every month... can we?

ABC News

Real estate market transitioning from 'seller to buyer' as Tasmania's property sales drop

Rising interest rates combined with growing cost of living expenses and slow wage growth are the main causes of the drop in sales, the Real Estate Institute of Tasmania says.

ABC News

State regulators considering action over real estate websites pressuring rental applicants

Regulators in four states are considering taking action after an ABC investigation into real estate websites that pressure rental applicants to pay for their own background checks.

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news in one place.

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Daily Mirror

See how much house prices could drop where you live - full list of areas

House prices could fall by 10% next year, according to experts at estate agents Savills — but how much property values will fall all depends on which region of the UK you live in

Edinburgh Live

New Edinburgh property hotspot named as house prices rise by 9.5% in one area

House prices in and around Edinburgh have risen, according to a report by property agency ESPC with the city centre reporting a 9.5 per cent rise and leading to an average selling price of £316,152.

The Guardian - UK

UK renters: what issues are you facing?

We’d like to speak to tenants in the UK about their experiences of renting

Daily Record

ADVICE COLUMN: EK broker helps you navigate the mortgage process

Kevin McCarthy from Mortgage Advice Bureau East Kilbride talks about the timescales when buying a property

Evening Standard

The Standard View: Higher interest rates, spending cuts and tax rises leave the economy on the brink

When it rains, it pours. Estate agent Savills predicts that the mainstream London housing market will suffer the most acute fall in prices out of all regions in 2023. That’s despite properties in the city enjoying the more modest end of price growth since the pandemic.

Tribune News Service

Real estate Q&A: How can we get an extension on inspection period set in sale contract?

Q: We are under contract to buy a home. We are trying to set up the inspection during the time the contract allows, but the seller did not allow access until the last minute. Now we are up against the deadline, and the seller is not responding to our requests…

Evening Standard

London to be hit hardest by house price fall — and prices will still be lower in five years

Bleak warning of 12.5 per cent slump for homeowners ahead of interest rate rise from Bank

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