As seas rise and coasts wash away, who owns the land that goes underwater? Versions of that debate are taking place in courtrooms, legislatures, and government offices, raising the question of whether and when climate change justifies seizing private property. The stakes are enormous, affecting not just ownership of offshore mineral and fishing rights but also potentially trillions of dollars of coastal real estate. — bloomberg.com

Housing has instead become one of the primary drivers of global capitalism, through commodification and financialization, making its function as real estate more important than its use as lived, space. It is the result of spatial developments being market-driven. Madden and Marcuse: “housing is not produced and distributed for dwelling at all,” but “as a commodity to enrich the few.” — Failed Architecture

There is a city which is suffering a worse property bubble than Sydney, whose residents are more priced-out than Londoners, and where there is a greater divide between the housing haves and have-nots than even San Francisco.

That city is Vancouver, and in response to these mounting challenges, the west-coast Canadian metropolis recently imposed an extraordinary new tax on foreign buyers – whose impact is now being watched closely by other cities grappling with bloated property markets. — theguardian.com

Property funds worth £18 billion have stopped trading after Brexit sent a chill through the commercial property market. [...]

The fear was that too many property investors would try to take their money out at once, forcing fund managers to sell properties at a loss. [...]

The Bank of England has warned that the share prices of UK real estate investment trusts have fallen sharply following the referendum. — Independent