Housing Affordability Shock (Spain): Spain’s Housing Price Index shows free housing up 12.9% year-on-year in Q1, with used homes rising 13.5%—the fastest pace since 2007—pushing costs higher into March. North Coast Momentum (Egypt): Talaat Moustafa Group (TMG) led Egypt’s 2025 developer sales with EGP 130bn and about 38% share over two years, driven by SouthMED’s scale and fast delivery. Student Housing Pressure (South Africa): SANSAA warns NSFAS must announce 2026 CPI-linked student accommodation rates by June 30 or providers serving 300,000+ students face a crisis. Social Housing Tensions (Australia): NSW public housing redevelopment at Waterloo South has begun fencing off homes, with tenants and activists alleging displacement and “not functional communities” rhetoric. Construction & Local Impacts (US): Minneapolis starts a multi-year George Floyd Square reconstruction, but nearby owners report special-assessment “sticker shock” and fear rent hikes. Regulatory Crackdown (India): Delhi’s enforcement drive continues with large-scale sealing and demolitions tied to illegal construction and fire-safety violations. Saudi Real Estate Rules: Riyadh tightens foreign property entry for non-resident companies via a clearer registration route under Investor Guide 2026. Developer/Capital Moves (Israel/Canada): Almadev returns to Tel Aviv after cutting valuation expectations, raising NIS 340m for projects and loan repayments.