On cross-country:
- Luxury property’s final frontier. There is a boom in ultra-prime apartments in Africa’s megacities – The Economist
Working papers and conferences:
On China:
- China Taps $1.5 Trillion Fund to Boost Home Market Support – Bloomberg
On Australia and New Zealand:
- [Australia] Australia’s rental crisis at home also cost its reputation abroad. Migrants drawn by Australia’s inclusive image encounter discriminatory rental practices that damage the nation’s soft power. – Lowy Institute
- [Australia] Average Australian home passes A$1m amid housing crisis – BBC
On other countries:
- [Canada] Early signs of renewed housing market confidence emerge in Canada – RBC
- [India] India housing outlook steady but cracks from demand slowdown start to widen – Reuters poll – Reuters
- [Ireland] Ireland modifies rent controls as it seeks to revive homebuilding – Reuters
- [South Africa] Do too many people want a slice of Cape Town? South Africa’s second city is at a crossroads: those flocking to live there are powering the economy, but also driving up house prices and exacerbating a strained market and local infrastructure. For a city surrounded by ocean and mountains, the expansionist path forwards is a complex one – FT
- [United Kingdom] Residential UK house prices fall by more than expected amid economic uncertainty. Average property price drops 0.4% month on month in May to £296,648, Halifax says – The Guardian
- [United Kingdom] UK house prices slid in May following stamp duty tax hike, Halifax says – Reuters
- [United Kingdom] UK house prices fall by more than expected amid economic uncertainty. Average property price drops 0.4% month on month in May to £296,648, Halifax says – The Guardian
- [United Kingdom] Rachel Reeves plans ‘housing bank’ to deliver cheaper financing for builders. UK chancellor also considers funding settlement of up to £25bn for social housing in Wednesday’s spending review – FT
- [United Kingdom] Labour’s housing dreams exceed UK developers’ reality. Industry still faces slow build despite hopes for action in government’s spending review – FT
- [United Kingdom] England’s social housing funds ‘less generous’ than £39bn settlement suggests. Analysis indicates spending of about £3bn a year until 2029, similar to AHP’s money for current financial year – FT