AGP Executive Report
Last update: 3 hours agoU.S. Housing: Existing-home sales fell 5.5% in October to a 16-year low as mortgage rates topped 7%. Inventory rose year over year, and price cuts are becoming more common, offering some relief to buyers. Housing Policy: Spain’s parliament passed tenant protections after nationwide protests over housing costs. In New York, Mayor Zohran Mamdani signed a law giving eligible nonprofits and community land trusts first chance to buy certain distressed or subsidized apartment buildings. Asia-Pacific Development: Godrej Properties added 31 acres in Indore for a planned residential project, while Seoul land-permit applications rose in October even as reported prices fell. REITs: Canada’s Allied Properties began a CEO search amid a major restructuring, following a 90% distribution cut and plans to sell assets to reduce debt. Global Investment: Abu Dhabi’s real estate transaction value rose 76.1% year over year to AED171.26 billion in the first nine months of 2026.
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