Following the request for tenders from local and international companies, the Falkland Islands Government (FIG) and the Ministry of Defence (MoD) confirmed that on Wednesday 17 November 2021 the Falkland Islands Company (FIC) successfully signed a joint venture housing contract.
Today, the Falkland Islands Government is pleased to launch its new strategy to address prevailing pressures across the housing system and identify opportunities for improvement. Housing for our Future outlines a long-term vision for housing in the Falkland Islands and sets the direction for housing-related policies over a 10-year period, as we work towards delivering affordable, good quality and appropriate rental and ownership options for the whole of the Falkland Islands community.
With an economy growing sustainedly 3,9% annually, full employment, and with ambitious public works and housing projects in the books, the ongoing problem of the lack of tradespeople in the Falkland Islands has become more evident and challenging. Penguin News invited MLA Barry Elsby to comment on the situation in an interview this week.
Community comes first is the clear message of the Falkland Islands Government Budget for 2019/20 by prioritising investments in education, health and inflationary increases across welfare allowances. The spending commitments also aim to consolidate progress with capital plans and ensuring that these developments can continue to be funded without running a deficit.
The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.
The number of US homes being repossessed hit an all-time high last month, but is set to start falling, says the body that tracks the figures. Banks took control of 92,432 properties in April, up 1% from March, and a 45% rise from a year earlier, said RealtyTrac.
Cuba began granting licenses to people to build homes “with their own effort”, an initiative approved last year by President Raúl Castro. The granting of the permits was finally approved by the National Housing Institute for people who are the owners of land, homes or other areas included in the new resolution.