homes

Feb. 3 (Asia Today) — Senior aides at South Korea’s presidential office have begun selling real estate holdings as President Lee Jae-myung intensifies his campaign to eradicate housing speculation.

Blue House spokesperson Kang Yu-jeong has listed her apartment in Giheung, Yongin, Gyeonggi Province, while Kim Sang-ho, head of the presidential press office, is selling six multi-unit houses in Seoul’s Daechi-dong neighborhood of Gangnam, a Blue House official said Tuesday.

Kang owns an apartment in Banpo-dong, Seocho District, under her spouse’s name, as well as the Yongin property under her own name. Kim jointly owns an apartment in Gui-dong, Gwangjin District, with his wife in addition to the Daechi-dong properties.

A Blue House official said Kang listed the Yongin apartment, where her parents live, and added that Kim had placed his Gangnam properties on the market some time ago.

As the two senior aides move to dispose of homes they do not reside in, attention is turning to whether similar action will follow among other high-ranking officials. Asset disclosures released earlier showed that 12 of 56 Blue House aides at the secretary level or higher own two or more properties.

President Lee has repeatedly emphasized his determination to stamp out real estate speculation since the start of the year. He has issued warnings on social media for four consecutive days, criticizing opposition parties and parts of the media while vowing to crack down on what he called “ruinous” speculative behavior.

Despite the recent sales, officials said Lee has not directly instructed aides to sell their properties.

During a Cabinet meeting Tuesday, Lee addressed criticism surrounding calls for public officials with multiple homes to sell first.

“I also think this is problematic,” Lee said. “If I tell them to sell and they do, it means the policy itself is ineffective.”

He added that the government’s goal is to create conditions that make holding multiple homes economically irrational. “We must make them conclude on their own that resolving multiple home ownership is in their interest,” he said.

Opposition pressure has also mounted. Reform New Party leader Lee Jun-seok said Monday he would directly ask ruling party lawmakers and government officials whether they plan to sell their properties by May 9.

“If they do not sell by then, the market will conclude that even policymakers themselves do not believe the policy will work,” he said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260203010001235

Blakeney in North Norfolk has become a tourist hotspot where half the properties are second homes, with average house prices of £714,000 pricing out locals who earn just £571 a week

Residents have been driven out of one of England’s most stunning villages as holidaymakers have completely taken over.

Throughout the summer period, Blakeney in North Norfolk becomes exceptionally hectic. This Area of Outstanding Natural Beauty attracts massive crowds, who arrive to admire its delightful stone dwellings, a hotel hailed as the country’s best, and large seal colonies.

Yet winter paints a completely different picture. Visitor numbers plummet drastically and many old fishing properties stand empty. The settlement’s charm was instantly obvious to me during my late November visit. Just a stone’s throw from the celebrated Manor Coastal Hotel and Inn flows the River Glaven, winding through the National Nature Reserve.

Blakeney Point has earned fame for its seal communities, with Beans Boat offering guided trips throughout the year. Back in the 1800s, this seaside community was positioned much nearer to the shore than it is today.

Across the past century, the estuary has slowly filled with silt, matching the region’s fishing trade downturn, now allowing only the smallest boats to reach the harbour.

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What operated as a fishing village has evolved into a holiday hotspot. During summer, Blakeney’s two pubs and three hotels run at maximum occupancy.

“I love living here, but unfortunately, during the summer, it is just a full, full village. There’s far too much traffic going through such a small place, but that does mean I’m busy with my work, which is fantastic. The cottages and second homes are so quiet during the winter. It’s sad to know that there are so many people who’d love to live in those houses, but unfortunately, they can’t live in them permanently. They’re sitting there empty during the winter, and then it’s so, so busy during the summer. It’s a tricky one for me, as working in the tourist industry, I need it to be busy. But to see the small village that’s very quaint and dainty overrun with people, yeah, it’s a lot,” Tore continued.

Tore is among the handful of Blakeney-born residents who haven’t inherited property yet still call the village home. She moved back to the area ten years ago after a whirlwind romance in Libya.

Her local connections made her eligible to sign up with the Blakeney Neighbourhood Housing Society, which caters to the community of 400 properties. The Society’s website explains its purpose: “The price of housing has risen steeply as many properties have become second homes or places to retire to, and many local people can no longer afford to buy or rent them. The purpose of the Blakeney Neighbourhood Housing Society, founded 1946, is to provide affordable housing for local people. It owns 39 houses and cottages in Blakeney or neighbouring villages and they are all let at affordable rents to tenants with a local birth tie.”

Five decades back, an enormous proportion of UK citizens found themselves in Tore’s predicament, with 30% of the entire population living in some type of social housing. Yet, following years of Right to Buy schemes and sluggish building rates, this percentage has been cut in half.I

Tore explained: “I started working at the hotel at 14, and lived in the area my whole life. Working in a hotel and in the trade that it is all around here, the chances of buying a house would just be impossible. I was lucky enough to be signed up to Blakeney Housing Society in 2017, and then moved in in 2019,

“It has changed my whole life. It means I can be around my whole family. A lot of my friends who were born and bred here couldn’t live here due to housing problems, so they moved away to somewhere cheaper. But it is the perfect place to live. There’s community spirit, it’s a very olde-worlde place. I’d never want to be anywhere else but here.”

The figures paint a stark picture of the situation facing the area. Blakeney properties fetched an average of £714,000 in November 2025, according to OnTheMarket – treble the UK average of £273,000.

Office for National Statistics figures reveal the median weekly wage in North Norfolk sits at £571.

Thanks to her controlled rent arrangement, Tore shells out just £478 each month for her family home.

Concerned by the yawning gap between typical salaries and house prices, the district council stepped in earlier this year. It unveiled an extra 100% levy on Council Tax bills for second home owners, leaseholders or tenants in North Norfolk, essentially doubling what they must pay for their extra property.

Blakeney Parish Council chairman Rosemary Thew stressed the measure isn’t designed to put off visitors, noting tourism represents a “big part of the village economy”. However, she conceded the abundance of second and holiday properties in the area posed a major worry.

“The volume of second homes is very high, around half. It’s pushing prices up quite considerably. It means that, as far as locals are concerned, they can’t afford to live here. It’s a lovely place to live but you’ve got people [taking up dwellings] who are not key workers. A lot are retired people or second home owners. In winter time, it’s [the impact] particularly marked. The streets are jet black because there are no lights on in houses,” she told Mail Online.

The Government has selected the 100-hectare site as one of 12 new towns

A significant new town could be on the horizon for southeast London, promising up to 15,000 homes plus a fresh Docklands Light Railway extension linking the area straight to the capital’s heart. The Government’s New Towns Taskforce report has named Thamesmead Waterfront among 12 locations across England being considered for new towns aimed at increasing housing supply.

The 100-hectare brownfield site is mainly owned by Peabody, which has partnered with Lendlease and The Crown Estate in a joint venture to reimagine the area as a thriving riverside neighbourhood featuring homes, employment opportunities and public amenities.

Thamesmead has been viewed for years as an area brimming with unrealised promise. Initially designated in the 1960s as a post-war development, earlier proposals were hindered by transport links, environmental constraints and planning difficulties.

In recent years, collaborative work between local authorities, the Mayor of London and Transport for London resulted in the 2020 adoption of the Thamesmead and Abbey Wood Opportunity Area Planning Framework, establishing the Waterfront site as a priority for redevelopment.

Local backing appears strong, with surveys suggesting 85% of residents support the extension. A new DLR extension is viewed as crucial for realising Thamesmead’s full potential.

The SE28 postcode presently lacks any train or tube station, making the proposed connection a vital catalyst for future growth.

Transport for London (TfL) has already pledged financial backing for the scheme, which is predicted to generate a massive economic boost estimated at £15.6 billion when accounting for residential and commercial expansion on both banks of the Thames.

The project is set to produce as many as 30,000 new properties across both sides of the river, spanning Thamesmead and Beckton, establishing thriving new neighbourhoods complete with housing, employment opportunities, and community areas.

John Lewis, executive director Sustainable Places at Peabody, previously said: “It’s great to see the New Towns Taskforce give their vote of confidence in Thamesmead Waterfront.

“This 100-hectare site offers one of the largest and most deliverable opportunities for housing and economic growth in the UK – with the potential to deliver up to 15,000 new homes, thousands of new jobs, a new and expanded town centre, and outstanding open spaces on the southern bank of the River Thames.

“The right transport infrastructure has to be in place to make this scheme a reality. We will continue to work with TfL, partners and stakeholders progress the business case to government for the Docklands Light Railway extension to Thamesmead – a link that would also unlock 10,000 homes north of the river. TfL estimates that this would have a total economic impact of around £15.6 billion.

“With certainty and partnerships in place, delivery at Thamesmead Waterfront can begin within this parliament. We look forward to working with the New Towns Taskforce to secure its future.”

Ed Mayes, executive director, Development, Lendlease, said: “At Thamesmead Waterfront we’re in the process of unlocking one of the UK’s largest regeneration projects, which will deliver thousands of new homes, jobs and community spaces for local people.

“We welcome this announcement from Government and look forward to working with all stakeholders to ensure that Thamesmead Waterfront meets its full potential.”

President Donald Trump has announced an executive order to allow victims of the Los Angeles wildfires to rebuild without dealing with “unnecessary, dupicative, or obstructive” permitting requirements.

The order, which is likely to be challenged by the city and state, claimed that local governments have failed to adequately process permits and were slowing down residents who are desperate to rebuild in the Palisades and Altadena.

“American families and small businesses affected by the wildfires have been forced to continue living in a nightmare of delay, uncertainty, and bureaucratic malaise as they remain displaced from their homes, often without a source of income, while state and local governments delay or prevent reconstruction by approving only a fraction of the permits needed to rebuild,” Trump wrote in the executive order, which he signed Friday.

The order called on the Secretary of Homeland Security and the Federal Emergency Management Agency to “preempt” state and local permitting authorities.

Instead of going through the usual approval process, residents using federal emergency funds to rebuild would need to self-certify to federal authorities that they have complied with local health and safety standards.

The order comes as the city and county approach 3,000 permits issued for rebuilding. A December review by The Times found that the permitting process in Altadena and Pacific Palisades was moving at a moderate rate compared to other major fires in California. As of Dec. 14, the county had issued rebuilding permits for about 16% of the homes destroyed in the Eaton fire and the city had issued just under 14% for those destroyed in the Palisades fire.

While Mayor Karen Bass did not immediately provide comment, the executive order drew intense pushback from Gov. Gavin Newsom.

A spokesperson for Newsom, Tara Gallegos, called Trump a “clueless idiot” for believing the federal government could issue local rebuilding permits.

“With 1625+ home permits issued, hundreds of homes under construction, and permitting timelines at least 2x faster than before the fires, an executive order to rebuild Mars would do just as useful,” Gov. Gavin Newsom wrote in a post on X, citing the number of permits issued solely by the city of Los Angeles.

Newsom said that the federal government needed to release funding, not take over control of the permitting process. The governor said that what communities really lack is money, not permits.

“Please actually help us. We are begging you,” Newsom wrote.

Instead of descending into the permitting process, Newsom called on the president to send a recovery package to congress to help families rebuild, citing a letter from a bipartisan delegation of California legislators that called for federal funding.

“As the recovery process continues, additional federal support is needed, and our entire delegation looks forward to working cooperatively with your administration to ensure the communities of Southern California receive their fair share of federal disaster assistance,” wrote the California legislators on Jan 7.

Some in the Palisades agreed that money was a bigger issue than permitting.

“When I talk to people it seems to have more to do with their insurance payout or whether they have enough money to complete construction,” said Maryam Zar, a Palisades resident who runs the Palisades Recovery Coalition.

Zar called the executive order “interesting” and said that it was fair of the president to call the recovery pace slow and unacceptable.