Real EstateReal Estate
The real estate boom has added 1.5 trillion dollars to the value of British homes over the past five years and left London residential property worth as much as Brazil's economy. Research by estate agents Savills shows U.K. houses and apartments were worth £5.75 trillion (8.7 trillion) in 2014, an increase of almost one trillion pounds since 2009.
Land possession has caused the first clashes in the newly named cabinet of President Dilma Rousseff with Agriculture minister Katia Abreu arguing there are no large estates ('latifundium') left in Brazil, while her Agrarian Development peer and a stalwart from the ruling party said a social approach was needed to the land and peasants issue.
The Gherkin, one of the most distinctive buildings on London's skyline, has been bought by a Brazilian billionaire. Joseph Safra is reported to have paid more than £700m for the 180 meter tower, which is officially known as 30 St Mary Axe, its street address.
The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.
An 159-acre arable farm (approx. 63 hectares) on the edge of the historic Staffordshire town of Rugeley and bordering Cannock Chase Country Park, central north of England, is on the market with agents Halls with a guide price in excess of £1.3 million (approx. 2.2 million dollars), which works out at over 34.000 dollars/ hectare.
The International Monetary Fund (IMF) launched on Wednesday the Global Housing Watch, a webpage (www.imf.org/housing) dedicated to featuring its analysis on housing markets across the world. The page will provide a one-stop shop for the Fund’s Global House Price Index and other data on housing indicators.
Farm land sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.
Uruguay, Ecuador and Malta were named as the best three countries in the world when it comes to climate.
Bank of England governor Mark Carney has said he is concerned about the potential for a UK housing market bubble, but will tighten lending requirements if necessary. Meanwhile, a survey suggested house prices will continue surging ahead.
The United States secretary of state has said the deal reached on Sunday over Iran's nuclear program will make Israel and the Middle East a safer place. John Kerry was speaking after Iran agreed to curb some of its nuclear activities in return for about 7bn dollars in sanctions relief. However, Israel has described the agreement as a historic mistake.