Illustration depicting Treasury Secretary Scott Bessent at Davos podium criticizing smug social media post by Gov. Gavin Newsom amid housing policy dispute and California budget concerns.
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Bessent answers Newsom’s ‘smug’ post after Davos housing remarks

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Treasury Secretary Scott Bessent criticized California Gov. Gavin Newsom after Newsom mocked Bessent’s comments at the World Economic Forum about how the Trump administration could restrict large investors from buying single-family homes. The back-and-forth played out in social media posts and televised remarks from Davos, where Bessent also tied the dispute to California’s budget outlook.

The Fondo Nacional de Ahorro and Banco Agrario lead with the lowest rates for mortgage credits and leasing on VIS and non-VIS housing in February, per Superintendencia Financiera data as of January 23. These rates reflect recent adjustments in the usury and interest rates, benefiting potential homebuyers. The overall leasing average stands at 12.30%.

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Egypt's Minister of Housing, Utilities and Urban Communities, Sherif El-Sherbiny, met with Ahmed Rizk, Director of the United Nations Human Settlements Programme (UN-Habitat) Office in Egypt, to discuss expanding cooperation on sustainable urban development and the Egypt Vision 2030 agenda. The meeting focused on establishing priorities for joint work following the 12th World Urban Forum held in Cairo.

The French government introduces a new fiscal device, dubbed 'Jeanbrun' or 'private landlord status', to encourage investments in new and old rental housing. Announced as part of the 2026 finance bill, it replaces the Pinel scheme and aims to cut taxes through annual amortization. Meanwhile, Prime Minister Sébastien Lecornu sets the ambitious goal of building 2 million homes by 2030.

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Between 2019 and 2025, Mayotte's prefecture destroyed nearly 4,000 illegal homes, potentially displacing over 17,000 people. A Le Monde analysis uncovers numerous irregularities in these operations. Authorities did not respond to requests for comment.

Following the February 2024 fires in the Valparaíso Region, the Ministry of Housing and Urbanism has driven a reconstruction plan with tailored solutions for each affected commune. Progress stands at 45% in housing works, with 426 homes delivered and over 1,200 under construction. The effort involves legislative changes to expand reach and ongoing dialogue with communities.

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The Colombian government has released a draft decree setting a maximum cap of 135 minimum wages for social interest housing (VIS). The measure aims to ensure clear pricing and prevent automatic indexations in contracts. The document will be open for comments until January 25.

 

 

 

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