SF homes $1m above asking amid AI boom
Over 140 San Francisco homes sold for at least $1m above asking price in first half of 2026, driven by AI wealth boom and scarce inventory, according to Compass data.
Category : Property Market
Australian house prices nearly double in a decade
Australian house prices have almost doubled in a decade, with median dwelling price at $937,000, despite recent 0.7% drop. Affordability worsens as price-to-income ratio hits 17 years.
Vistry warns of £30m loss amid discounting and weak demand
Vistry Group expects a £30m pretax loss in H1 2025 due to heavy discounting and weak consumer demand, amid Middle East war uncertainty and rising mortgage rates.
Hackney Council failed to renew housing repairs deal for 6 years
Hackney Council did not renew its main contractor framework for housing repairs for over six years after expiry in 2019, despite internal warnings, leading to deteriorating social homes and watchdog sanctions, the Local Democracy Reporting Service reveals
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Heatwaves may slash south-facing garden home values
A new survey reveals 81% of UK homeowners avoid south-facing gardens in heatwaves, and 18% expect their value to drop, potentially reversing the £20,000 premium.
Liberia charges five after historic cocaine seizure
Liberian authorities have charged five suspects in connection with the seizure of over 200kg of cocaine, valued at $19m, at Monrovia airport. The drugs were falsely declared as seasoning cubes.
UK house prices rise for first time since Iran war start
UK house prices rose 0.2% in June to £299,330, the first monthly gain since February, after the Iran war disrupted markets, Lloyds index shows.
Gibraltar Residency Scheme Reforms Announced
Gibraltar has announced major reforms to its residency scheme, targeting high-net-worth individuals with new tax incentives and streamlined application processes.
First-home buyer scheme draws high earners, lifts prices
Australia's First Home Guarantee scheme is attracting high-income earners, raising property prices and missing its target to help low-income buyers, a study finds.
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Andy Burnham PM bid fuels rent control speculation
Andy Burnham's likely rise to PM energises rent control campaigners, but landlords warn it would cripple investment and worsen the housing crisis.
UK property price £378k buys studio in London, 5-bed in Scotland
New Rightmove data reveals that £378,000 buys a five-bed detached house in North Lanarkshire but only a studio flat in Tower Hamlets, London. The research highlights stark regional disparities across the UK housing market.
London loses 89% of car club vehicles after Zipcar exit
London has lost 89% of car club vehicles since Zipcar withdrew in late 2025, leaving only 330 cars available. Former users are considering buying or leasing vehicles, according to CoMoUK data.
Vodafone Unlimited Roaming SIM Offers Big Savings
Vodafone launches a new unlimited roaming SIM card, promising substantial savings for frequent travelers. The plan includes data, calls, and texts in over 50 destinations.
Old Kent Road regeneration plan faces community backlash
Southwark Council's plan for 20,000 new homes on Old Kent Road faces criticism as residents fear gentrification, displacement, and loss of community character.
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Off-grid couple to breed guinea pigs as big as rabbits for food
A couple in Pembrokeshire, Wales, have been granted permission to breed and slaughter guinea pigs for meat on their off-grid eco-farm, sparking backlash from animal rights groups.
UK house prices stall for second month, Nationwide says
UK house prices stalled in June for the second consecutive month, with the average price edging down to £277,484, as the Iran war impacted demand and mortgage rates stayed high.
Hammersmith Bridge may never reopen to cars
Hammersmith Bridge will not reopen to cars for the foreseeable future after the government declined full £300m restoration funding, leaving the council to seek £128m for a phased repair by 2030.
Bristol overtakes London as UK's least affordable city for renters
Bristol has overtaken London as the UK's least affordable city for renters, with average monthly rent at £1,883 consuming 45% of local salaries, according to ONS data.
Barclays buys UK HQ for £750m in Canary Wharf boost
Barclays has purchased its UK headquarters at Canary Wharf for £750m, in a deal that signals confidence in London's financial district and secures the bank's long-term presence.
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Wimbledon residents lose line judge renters after Hawk-eye move
Wimbledon residents can earn up to £20,000 renting homes during tennis, but demand fell after line judges were replaced by Hawk-eye technology in 2025.
Clear Street UK arm lost $23m in tough first year
Clear Street's UK division reported a $23 million loss in its first year, as the broker-dealer faced challenging market conditions and high startup costs.
Auction clearance rates below 50% nationally
National auction clearance rates remain below 50%, with Canberra and Brisbane lowest. Treasurer Jim Chalmers says market softening is appropriate, no target price.
Leaseholders powerless to stop rooftop developments
Mauro Murgia highlights lack of protection for leaseholders when freeholders monetise roof space, with fragmented responsibility between planning, building control, and safety bodies.
John Whitgift Foundation posts £2.1m loss after school closure
Croydon's largest private property owner, the John Whitgift Foundation, recorded a £2.1 million loss in 2024/25, driven by the Old Palace School closure and declining retail income.
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Prince William now billionaire, richer than King Charles
Prince William's net worth reaches £1.2 billion via the Duchy of Cornwall, surpassing King Charles III's £640 million fortune, according to Sovereign Grant accounts.
Couple saves £37,500 moving back with parents for home
A couple saved £37,500 in 18 months by moving in with parents, buying a £225,000 home in Folkestone after struggling to save in London.
Ninja Double Stack Air Fryer £149.99 Amazon Deal
The Ninja Double Stack 9.5L air fryer (SL400UK) is now available for £149.99 on Amazon, a 32% discount from its £219.99 RRP, as part of Prime Day deals.
Flat sellers and buyers share UK property market struggles
Flat owners in the UK face high service charges, fire safety issues, and leasehold conditions, with some selling at a loss. Zoopla reports flats in England take 46–47 days to sell.
Segro rejects £12.6bn US takeover bid from Prologis
Segro, the UK's largest listed warehouse landlord, has rejected a £12.6bn takeover approach from US rival Prologis, calling the 925p-per-share offer 'a long way short' of its value.
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SpaceX Drop Cuts Musk's Wealth by $152bn
SpaceX shares fell 16% on Monday, reducing Elon Musk's net worth to $1.1tn and wiping out over $152bn, according to Forbes. The stock closed at $156, down from a peak of $225.
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