South Korean President Lee Jae Myung instructed officials on Friday to boldly push for large-scale housing supply to cool down overheated real estate prices in Seoul and adjacent areas.
South Korea's administration unveiled a property tax reform plan focusing on higher taxes rather than expanding housing supply, drawing criticism for fueling housing anxiety and placing heavy burdens on homeowners.
Hong Kong authorities are seeking public feedback on potentially adjusting the public housing supply ratio to an even 50:50 split between rental flats and subsidised sale homes. This follows a proposed shift from 70:30 to 60:40 over the next decade, aiming to increase homeownership opportunities.
The bipartisan '21st Century Road to Housing Act' became law without President Trump's signature, aiming to increase housing supply and affordability by promoting conversions, repairing older homes, and limiting large investors. Its success hinges on implementation and faces challenges like the mortgage rate lock-in effect.
Plans to relax affordable housing quotas for developers building 10-49 homes in rural England could put half of future supply at risk, according to National Housing Federation analysis. Ministers are considering allowing cash payments instead of building homes.
The Lee Jae Myung administration's potential tightening of real estate taxes may not address South Korea's housing shortage, as supply continues to dwindle despite tax overhaul plans.
Owning a home, a long-held Indian dream, is becoming increasingly difficult in 2026 due to rising property prices and rents. While buying involves significant upfront costs and long-term financial commitments, renting offers flexibility but requires smart investment of the rent-EMI difference to compete financially.
A revised 'Housing Supply Rules' takes effect on the 15th, introducing a special subscription for newborns, expanding housing opportunities for families with children under two, and facilitating corporate relocation to local areas through tailored housing supply.
Jeff Bezos defends Airbnb against claims of causing high NYC rents, blaming government policies for limiting housing supply. He also criticizes corporate welfare and subsidies.
Housing minister Matthew Pennycook has said a ban on new leasehold properties is unlikely to come into force until after the next election, despite the 2024 ban on leaseholds for new houses. The government plans to ban new flat leaseholds soon but says switching on the ban involves complex trade-offs with housing supply. The Green party's Zack Polanski has accused the government of U-turning on its election pledge, while campaign group Free Leaseholders warned that developer incentives to sell leasehold flats will worsen the housing crisis.
Housing minister Matthew Pennycook has said a ban on new leasehold properties in England and Wales is unlikely to come into force before the next election, despite the 2024 legislation passing. Defending the government's gradual approach, Pennycook cited complex trade-offs with housing supply and legal complexities. The government plans to have primary legislation in place but will carefully time the ban's commencement through ongoing consultation. The Green party has accused the government of u-turning on its election pledge, while campaign groups criticize the foot-dragging.
