Why thousands of ‘affordable’ homes are sitting empty during America’s housing crisis The poorest people in the U.S. face the most acute shortage of affordable homes The Independent UK · Sep 7
London council approves major development despite zero affordable housing Parts of the Wireless Factory in Isleworth will be demolished to make way for 111 new homes Evening Standard · Sep 7
Fugitive developer's daughter convicted over $150m loan The daughter of a fugitive property developer has escaped a jail term for fraud in aid of her father, who is being investigated by a corruption probe. AAP · Sep 7
UK house prices fall for first time since 2023, led by London and south-east Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says Lloyds The Guardian - UK · Sep 7
Jaguar Land Rover job cuts: £500,000 package to help workers facing threat of redundancy – as it happened Rolling coverage of the latest economic and financial news, as JLR plans to cut almost one in 10 workers The Guardian - UK · Sep 7
England’s housing courts at breaking point as renters battle no-fault evictions Courts said to be ‘overloaded’ as landlords sell properties and tenants with nowhere to go try to delay evictions The Guardian - UK · Sep 7
Jean Nassif’s daughter avoids jail as court hears father ‘pressured’ her to falsify documents for $150m loan Ashlyn Nassif, daughter of Toplace boss who fled Australia in 2022, had pleaded guilty to providing false or misleading information to obtain loan from Westpac The Guardian - AU · Sep 7
More than 200 people stood down at embattled housing developer Bathla amid $3.4bn debt Sydney-headquartered group suspends work on some of its 45 construction sites affecting 60% of workforce The Guardian - AU · Sep 7
Putin has no interest in peace – and Trump is falling into his trap THE INDEPENDENT VIEW: Editorial: Trump’s latest peace push offers little hope of ending the Ukraine war, with Putin apparently using talks to pursue economic gains while remaining committed to Russian military victory The Independent UK · Sep 6
Chancellor John Healey tears up Treasury 'rule book' to drive investment out of London to the regions The announcement comes ahead of a major speech on the economy Mr Healey is due to make on Monday Evening Standard · Sep 5
UK subsidence claims surge after hottest summer on record Insurers in England and Wales tell of busy August with one reporting near-140% jump in claims The Guardian - UK · Sep 5
Nobody Gets You Better Than Memes Posted By Random People On The Internet So Here Are 44 Hilarious Ones (New Pics) Modern life is full of absurd everyday struggles. Take the frustration of managing a million different passwords, or waiting for milk to go on sale so you can actually afford to buy it. But the hilarity of these annoying situations never escapes online creators, who quickly transform them into memes.… Bored Panda · Sep 4
Labor is in damage control over falling house prices. Why not take credit instead? In the long term Chalmers, O’Neil and Albanese will want to own any improvement in intergenerational equity, so maybe it’s better to start now The Guardian - AU · Sep 4
The key decision this September that could send mortgage costs soaring The MPC will vote on 17 September over whether to raise rates back to 4 per cent The Independent UK · Sep 4
The Independent UK · Sep 4 The six steps all first-time buyers should take before getting a mortgage There are some simple steps you can take to feel ready
The Guardian - AU · Sep 4 Charles Perrottet denies asking brother as premier to appoint cabinet minister, Icac hears Charles says claims by developer Jean Nassif in an intercepted phone call that ‘we’re reshuffling the government’ did not reflect promises allegedly made to Nassif
The Guardian - AU · Sep 4 Shaky foundations: Bathla’s downfall is one of many warning signs for Australia’s construction industry Thousands of buyers are in limbo as developer goes into administration, in crisis that casts more doubt on housing targets
International Business Times · Sep 3 Mark Tersigni Outlines the Investment Case for Open-Air Retail Centers Mark Tersigni, a real estate investment professional and Certified Public Accountant, spent years underwriting open-air retail centers and enclosed malls within the same multibillion-dollar portfolio.
Evening Standard · Sep 3 Huge 800 home development to transform area around London Stadium Student flats and shared living spaces would be built across six towers at Westfield Avenue
The Independent UK · Sep 3 The critical cost stopping flats from selling - and what owners can do about it Flat prices have been stagnant in the UK and some sellers are struggling to find buyers
The Guardian - UK · Sep 3 Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400
Evening Standard · Sep 3 Crest Nicholson cuts earning targets again after ‘difficult’ summer The housebuilder told shareholders that conditions in the property market had been ‘more subdued’ than expected during the summer season.
The Guardian - AU · Sep 3 Property developer claimed ‘the premier is my best friend’ in tapped phone call, Icac hears Charles Perrottet, the younger brother of the former premier, tells Icac that claims made by Jean Nassif in the call were ‘bravado’ and ‘far-fetched’
Reason · Sep 2 How St. Paul's Rent Control Experiment Backfired Spectacularly Construction of new housing collapsed in the Minnesota city as builders took their business elsewhere.
The Independent UK · Sep 2 Gen Z are doing the stock market - not buying houses It’s not just America’s youngest adults that are feeling deflated about the property market