01 Jun 2026

• US mortgage rates climbed to a nine-month high, with the average 30-year fixed mortgage rate rising to 6.65% in the week ended May 22.
• Rising oil prices linked to the Iran conflict increased inflation concerns and pushed US Treasury yields higher, impacting borrowing costs.
• Mortgage applications declined 8.5% week-on-week, mainly due to weaker refinancing activity as higher rates reduced borrower interest.
• US inflation rose to 3.8% in April from 2.9% in August last year, leading markets to consider the possibility of another Federal Reserve rate hike later this year.
• The rise in mortgage rates comes shortly after Kevin Warsh took over as the new Federal Reserve chair, replacing Jerome Powell.Read more

01 Jun 2026

• Property Franchise Group said trading performance remained in line with the board’s expectations.
• The company highlighted substantial recurring revenues as a key support for business stability.
• Recurring income from franchise and lettings operations continued to strengthen operational resilience.
• The update comes amid ongoing pressure on the wider UK housing and property market.
• The company maintained steady performance despite slower transaction activity and changing market conditions.Read more

31 May 2026

• New York State has approved a new surcharge on high-value second homes in New York City as part of the 2026 state budget signed by Governor Kathy Hochul.
• The “pied-à-terre” tax is expected to generate nearly USD 500 million annually for New York City.
• The surcharge will apply to luxury secondary residences and apartments that are not occupied as primary homes by owners or immediate family members.
• The proposal received support from New York City Mayor Zohran Mamdani but faced opposition from several high-profile investors and billionaires.
• Authorities stated that the measure is aimed at strengthening city finances and addressing budgetary pressures.Read more

31 May 2026

• US-based property management software company Entrata has filed for an initial public offering on the New York Stock Exchange under the ticker symbol “ENT”.
• The company reported a 23% year-on-year increase in revenue to USD 143.5 million during the quarter ended March 31, 2026.
• Entrata posted net income of USD 23.3 million for the quarter, compared with USD 13.9 million a year earlier.
• The IPO filing comes amid early signs of renewed investor interest in technology and software listings after a subdued market phase.
• Analysts stated that software companies continue facing scrutiny regarding the long-term impact of artificial intelligence on business models.Read more

31 May 2026

• Americold Realty Trust has launched a new initiative called “Fit For Purpose” to improve operational efficiency and support strategic priorities.
• The company expects the programme to deliver incremental annual overhead savings of more than USD 25 million.
• Americold said the targeted savings are expected to reach a run-rate basis by the end of the first quarter of 2027.
• The initiative is expected to focus on streamlining operations, improving organisational alignment and strengthening cost management.
• The move comes as logistics and industrial real estate companies continue focusing on operational discipline and efficiency improvements amid changing supply chain demands.Read more

30 May 2026

• Vale do Lobo will host the 42nd edition of the Open Foursomes golf tournament from May 24–30, bringing together international golfers at the Algarve resort.
• The event will be held across the resort’s two 18-hole golf courses and is positioned around community participation, leisure and social engagement.
• Vale do Lobo’s Junior Golf Academy will run alongside the tournament from May 25–29, focusing on youth golf training and intergenerational participation in the sport.
• The resort’s residential offering, The Residences Vale do Lobo, continues to attract global buyers seeking golf-linked second homes and investment properties near the Royal Golf Course.
• The development is operated by Kronos Homes, which owns and manages the Vale do Lobo resort in Portugal.Read more

30 May 2026

Dubai’s ultra-luxury residential market has recorded a new benchmark after a five-bedroom villa in Al Barari was leased for AED 14 million over two years. The transaction, closed by fäm Properties, is now the highest rental deal recorded in the premium community, surpassing the earlier annual record by 46%. The villa, located in The Collection at Al Barari, was originally bought for AED 54 million and is delivering a yearly rental yield of 12.8%. The tenant, a Brazilian ultra-high-net-worth individual, sought a wellness-focused and private living environment, leading to an off-market leasing arrangement after limited suitable rental inventory was available in the community.Read more

29 May 2026

Australia’s government has introduced a bill in parliament to overhaul long-standing property tax concessions and capital gains rules as part of a broader push to improve housing affordability. The proposed reforms include removing the 50% capital gains tax discount on assets held for more than a year and restricting negative gearing benefits to newly built homes from July 2027. The changes have sparked political debate and concern among investors and industry groups, while the government maintains the measures are aimed at helping first-home buyers and increasing new housing supply in one of the world’s least affordable housing markets.Read more

29 May 2026

CoStar Group is set to acquire US housing market data and analytics firm Zonda from MidOcean Partners in a deal valued at nearly USD 800 million. The acquisition is expected to strengthen CoStar’s position in residential real estate data, homebuilding analytics and digital property research. Zonda is widely known for tracking housing starts, land supply, new home sales and builder activity across the US housing sector. The deal comes as CoStar continues expanding beyond commercial real estate through strategic acquisitions and investments in property technology, online marketplaces and residential housing platforms.Read more

29 May 2026

Sirius Real Estate has notarised the acquisition of a defence-supported business park in Fulda, Germany, for EUR 49.8 million. The deal adds to the company’s growing portfolio of business and industrial parks across Germany and the UK. The property is linked to defence sector activity, a segment that has continued to see stable demand amid rising government spending across Europe. The acquisition comes as Sirius Real Estate continues to focus on income-generating assets with long-term occupancy potential and strategic regional importance in Germany’s commercial real estate market.Read more