Wyndham Hotels & Resorts plans to develop and open 40 locations of its Super 8 hotel brand in Spain and Portugal over the next 10 years, as developers respond to rapid tourism growth in those countries.

The hotel company said it is partnering with development and investment firm Soliteight Hotel Projects, citing rising traveler demand for lower-priced hotels among other factors. The first new Super 8 in the new development deal is slated to open in Leiria, Portugal, in the fourth quarter of 2027, as the brand targets airports, retail areas and other key travel hubs in first- and second-tier cities.

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The United Kingdom government has eliminated the Valuation Office Agency in a bid to reduce inefficiencies, spurring concerns among some industry analysts that politics could be injected into property assessments for taxes and related business fees.

Tax minister James Murray said the valuation agency’s functions will be consolidated into other existing tax and customs programs to “increase efficiency, business experience and ministerial accountability,” as part of larger efforts to grow the economy. The government has announced nearly 40 reform measures aimed at simplifying tax and customs systems, including moves to cut red tape for small businesses.

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Investment patterns signal a significant rebound for French commercial real estate in 2025, including more than 5 billion euros of Paris office properties in various marketing and sale stages, according to consulting firm Arthur Loyd.

The firm’s latest study estimated total commercial property investment nationwide could reach 13 billion to 16 billion euros by year’s end, compared with 12.5 billion euros in 2024. Nearly 70% of current Paris office activity involves properties valued at more than 200 million euros.

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Germany’s housing market is now the most attractive for residential real estate investors in Europe and ranks second globally to the United States, based on demand trends studied by brokerage JLL.

JLL said about 4 million apartments in Germany are held by institutional investors, and there is potential for significant growth driven by an increase in urban households. “Germany will have the highest number of urban households in Europe by 2035, spread across several major cities,” Emma Rosser, a regional research director for JLL, said in a statement.

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Canada’s election of the Liberal Party and Mark Carney, a former chair of property investor Brookfield Asset Management and one-time head of the Bank of Canada and Bank of England, to continue as prime minister could lead to changes in housing policy as the country faces affordability and supply challenges, according to analysts.

Carney and the Liberals won the battle with the Conservatives and leader Pierre Poilievre and two smaller parties, but Carney failed to capture a majority of the seats in Parliament. That could leave in limbo some of Carney’s proposed policies, including a plan he said would add 500,000 new homes a year to make residential property more affordable.

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National developer PMG is launching its second two-for-one deal that offers buyers a separate office suite with the purchase of a residential condo unit in Miami, a move that reflects the changing dynamics of workspace real estate.

Sales have started for Twenty Sixth & 2nd Wynwood Residences in Miami’s arts district, a little more than two miles north of PMG’s similar Florida project that allows owners to work and live within the same building that is nearly sold out, said Ryan Shear, managing partner at PMG, in an email to CoStar News. The developer reported strong sales demand spurred by the deal, helping units stand out in a city with increasing competition from a slew of new condo projects.

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This report was compiled from CoStar’s news publications in the United States, United Kingdom, Canada, France and Germany.