By John Fowler - At the time of going to press, so far sixteen brave or foolhardy souls have declared their candidature for the General Election. This is one more than in 2013 and may be the most ever. With an average age of less than fifty years this group is almost certainly the youngest. Gone, it would seem, are the days when only the wealthy, retired, unemployed, or possibly unemployable old were available to stand.
Harvard University is trying to sell timberland located in Uruguay worth about US$120 million, including a eucalyptus forest, as the endowment moves to unload natural resources assets to boost the fund’s performance, according to a report from Bloomberg.
United States President Donald Trump is selling off his multi-million-dollar 11-bedroom beachfront estate in the French Caribbean island of St Martin. Le Château des Palmiers, located on Plum Bay Beach, Terres Bassesis on the south-western tip of the island, has been listed by Sotheby's International Realty, which does not reveal any asking price on its website. It says the price is available upon request.
The United States debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, and marking a milestone for households that now lean less on mortgages and more on auto and student loans
Scotland won a record number of investments from overseas in 2016, although growth was substantially lower than the previous year. There were 122 foreign direct investment deals done over the course of last year, up from 119 in 2015.
The Falkland Islands Government have secured the services of Tees Valley based building control firm Aedis. The contract will see Aedis delivering a raft of professional consultancy services based upon their building control expertise. This includes providing a remote plan checking service to help the Falkland Islands Environmental Planning Department ensure all new building work complies with the necessary building regulations.
London's The Guardian in an article credited to Oliver Balch argues that Punta del Este, Uruguay's main international summer resort has become a 'golden ghetto' for the rich where the poor can't afford staples or lodging. However Mayor Andrés Jafif openly disagrees with the reporting and argues that ”we might be poor (by European standards) but we are happy, we can live in Punta del Este, we have a good time, we surf, work and bask in beaches”.
The United States is hunting down international criminals who launder money through real estate deals, with the Treasury Department ordering title insurance companies to report the identities of people paying cash for high-end properties in Miami and Manhattan.
Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014
Purchase real estate prices all over Brazil have fallen a combined 3.47% in real prices the first months of 2015 according to the Fipe-Zap index. The index collected real estate prices in twenty Brazilian cities and measured them against inflation, registering monthly price rises below inflation for the sixth time in a row.