UK Government Introduces New Housing Policy Framework

Billionaire Tom Steyer's Galvanize Climate Solutions plans to invest nearly $2 billion over three years to promote energy-efficient commercial real estate in the U.S., aiming to create a new asset class of net-clean buildings amidst rising corporate demand for sustainability. Meanwhile, in Malaysia, a boom in critical minerals is expected to drive industrial real estate demand and increase property values, particularly in regions like Pahang, Perak, and Kedah, where mineral reserves are abundant. In Australia, Brimbank council is advocating for equitable funding to support a proposed increase of 72,000 homes by 2051, significantly raising the housing delivery target to 2,700 units per year. Additionally, the UK government has reinstated mandatory housebuilding targets and proposed changes to greenbelt land rules, allowing for development on previously used land to address housing needs. Experts believe these changes could enhance the land supply for development, although challenges remain for larger projects. The interconnected themes of sustainability and housing development highlight the ongoing shifts in real estate markets globally.