China Property Recovery: China’s property market kept improving into May, with new-home sales in 50 key cities up 2% month-on-month and first-tier cities driving demand, even as top developers’ sales still fell year-on-year. UK Housing Pipeline: A Grade II listed Bromley Palace is set to be converted into 11 flats and a commercial unit as part of a wider 222-home plan approved by Bromley Council. UK New Builds: Barratt Homes has started work on a 72-home development in Widnes, with first homes due for reservation in autumn 2026. First-Home Buyer Pressure Test (Australia): Australia’s softer auction market is giving first-timers an edge, with clearance rates down versus last year and more time for decisions. Property Tax Shock (Florida): Florida lawmakers approved a major homestead property tax cut headed to the November ballot, raising exemptions sharply while carving out school taxes. Saudi Cooling Measures: Saudi Arabia’s real estate inflation eased, with government steps aimed at boosting supply and curbing land hoarding helping push prices down. Japan Foreign Buyer Rules: Japan postponed proposed restrictions on foreigners buying property until fall, reflecting security and economic concerns. Commercial-to-Residential Shift (UK): A Norwich council approval clears the way to convert a former commercial space into a flat. Estate & Asset Sales (Russia): Russia’s Federal Property Management Agency is running repeated auctions for large property-related asset groups, signaling continued state-led disposals.