VENTURE CAPITAL POST

Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.

President Biden proposes a 5% cap on annual rent increases for large landlords to address housing costs and stabilize rents amid inflation concerns.

Locals of the city of Barcelona took to the streets to protest the overtourism reported in the area, with some of them firing water guns at walking tourists.

Major US west coast cities and Hong Kong were labeled "impossibly unaffordable," by a housing affordability study, primarily due to stringent urban planning policies.

China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties

Americans are preparing for another wave of increased housing expenses, according to the Federal Reserve Bank of New York.

The housing shortage crisis in Britain, with a deficit of 4.3 million homes, takes precedence in the lead-up to an anticipated general election, prompting major political parties to address it while balancing concerns about landscape preservation and planning laws.

The new tax increase raises the taxable portion of capital gains exceeding $250,000 Canadian (US$181,000) from half to two-thirds.

Despite a slight dip in average interest rates for 30-year fixed-rate mortgages, weekly mortgage demand remains stagnant, with fewer applicants seeking loans for refinancing or home purchases.

The National Association of Realtors has announced a $418 million settlement to address antitrust litigation, potentially leading to cost reductions for homebuyers and sellers.

The Toronto Real Estate Board released sales statistics that show an increase of 23% year-over-year on home prices in November. The Toronto region has experienced strong price gain, and TREB has urged the government to launch initiatives focused on alleviating the lack of supply.

New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.

World Asset Management Inc increased its stakes in ICICI Bank Ltd thus increasing the bank’s fund. The bank will now have sufficient funds to lend to eligible borrowers who want to have their own business and houses.

The authorities expect more easing measures to help reducing home inventory excess. Developers are also encouraged to change marketing rules and reduce home prices as China's property investment growth hit the lowest rate since 2009.

Airbnb shelled out more than $8 million to stop an initiative in San Francisco that would limit short-term rentals. Reuters reported that the ballot, called proposition F, could threaten the growth of this giant international tech company.