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FOUND: 89 | Mind Blowing Facts

Couple awarded £500,000 after luxury tower blocked light to their South Bank flat

Stephen and Jennifer Powell sued the developers of the £2 billion Bankside Yards scheme after the 17-storey Arbor tower slashed natural light to their Bankside Lofts apartment

Evening Standard

London housing crisis 'now an emergency' as fewer than 4,000 affordable homes started last year

Interactive map shows boroughs where barely any new homes are being built

Evening Standard

Labour housing plans could destroy 215,000 hectares of nature in England, analysis shows

Critics say change in biodiversity protections would harm environmental recovery and make scheme ineffective

The Guardian - UK

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First-time buyers to get mortgage boost after key Bank of England rule change

An extra 36,000 mortgages at higher loan-to-income values could soon be within reach

The Independent UK

Court rejects developer’s bid to turn Sydney boarding house into luxury apartments

Lord mayor Clover Moore says city ‘should not simply be an enclave for the rich’ and hopes case sets precedent

The Guardian - AU

Affordability 'tipping point' nudges renters into units

A slowdown in rental growth even with still-low vacancy rates suggests renters have maxed out on what they can afford.

AAP

London landlord who tried to hike rent in mouldy 'foul-smelling' flat ordered to lower it by tribunal

Landlord’s attempted rent rise backfires as he’s taken to tribunal and ordered to lower monthly rent beyond original amount tenant paid

Evening Standard

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Australian rental costs easing for some ‘maxed out’ tenants even as property prices edge up

While rents are at record highs in most state capital cities, the pace of increases in most city suburbs has slowed

The Guardian - AU

Rachel Reeves under pressure to save cash ISAs after building societies pen open letter to chancellor

The current £20,000 annual limit is expected to be cut but experts say it won’t prompt wider investment

The Independent UK

Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation

Watchdog found evidence of information sharing linked to prices but firms have not admitted any wrongdoing

The Guardian - UK

Housebuilders agree to £100m affordable housing payment after CMA probe

Money will fund hundreds of new homes across the UK, but few likely to be built in London

Evening Standard

Housebuilders vow to pay £100m after probe into information-sharing

The CMA said the payment would be the largest it has ever secured through commitments from firms under investigation.

Evening Standard

The RBA’s decision to hold rates isn’t a calamity, but its shift in language is confounding – and worrying

One minute we are told inflation is in the bag, seven weeks later we are worried that it’s not. This change in tone erodes trust

The Guardian - AU

Building Commission NSW using old parking infringement notice books to fine builders and developers

State opposition says ‘dodgy builders move fast yet the building commission is stuck scribbling fines on carbon paper’

The Guardian - AU

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The National (Scotland)

Campaigners call on Scottish Government intervention as RAAC report shows areas hit

CAMPAIGNERS have called on the Scottish Government to provide “immediate financial help” to those who have been affected by reinforced…

The Independent UK

Investors snap up growing share of US homes as traditional buyers struggle to afford one

Real estate investors are buying a larger share of U.S. homes as high prices and borrowing costs deter traditional buyers

Benzinga

'The Way You Treat Money Is How The Money's Going To Treat You' -- Grant Cardone Discusses Taking Control Of Your Income

Real estate investor Grant Cardone built a multi-billion-dollar real estate portfolio with leverage, hard work, connections, and other essentials. However, he recently discussed his relationship with money, and it offers a clear perspective into Cardone's success. He doesn't put it up on the altar, but Cardone takes money very seriously…

AAP

Rates hold call cuts deep but bank governor offers hope

The central bank has defied expectations of an interest rate cut as it keeps its sights on inflation and jobs figures, but relief might not be far away.

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The Independent UK

Number of first time home buyers hits record low as rentals take over US housing market

The number of renter households in the U.S. has ballooned to a record 46 million

Evening Standard

London landlord fined £75,000 for illegal Airbnb rentals

Two flats were being used for short-term rentals on Airbnb and Booking.com

The Independent UK

Voices: Building affordable homes would be a powerful way to generate growth for Britain

COMMENT: With a new National Housing Bank in the works, and the government pledging £39bn for affordable homes, the UK has a chance to transform more than just the housing sector, says Charlie Nunn, CEO of Lloyds Banking Group

The Guardian - UK

Property prices flat in June amid signs UK job market may be ‘softening’

Expected interest rate cuts could support growth after fall in first-time buyers since end of stamp duty cut

The Guardian - UK

Young people in England’s coastal towns three times more likely to have a mental health condition

They are suffering disproportionately and without help, say researchers, and unless they are given a voice, problems will continue to mount up

The Guardian - UK

Across Europe, the financial sector has pushed up house prices. It’s a political timebomb

We’ve been living in a great experiment: can finance provide basic human rights such as housing? The answer is increasingly no, says researcher and writer Tim White

The Independent UK

Home ‘flipping’ hotspots where properties are re-sold within months revealed

Rising upfront costs are eating into property investors’ profits, pushing them further north, Hamptons said.

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