Winnipeg

Winnipeg’s Iconic Fort Garry Hotel is for sale

The cihs best known landmark is on the market with listing agents Cushman & Wakefield who expect to achieve a price of $ 40 million.

The hotel is 106 years old and features 240 rooms, 16,000 square foot spa, more than 33,000 square foot of meeting space, and a 7,000 square foot fitness centre.

Dubai

Dubai, once the location of the biggest construction boom, is now the scene of the world’s biggest property slump according to London’s Knight Frank estate agency. The first three months of 2009 saw house prices drop by 40%. A year ago Dubai was seeing house prices spiraling upwards on an annual growth rate of 48%. The boom spawned developments such as the Palm Jumeirah and Burj Dubai, the world’s tallest tower.

The global turn around in house prices has been remarkable. Singapore, the nation worst hit by the collapse in world trade saw the second biggest decline of 16.2%. The UK in the last 12 months saw a decline of 16.5%, whilst in Germany prices fell by just 1.5% last year. Finland saw an increase of 4% over the first quarter, whilst Jersey in the Channel Islands saw a 5.6% increase with foreigners taking advantage in the fall of the Sterling.

USA

We are currently sourcing opportunities with reputable brokers in Phoenix, Las Vegas, and Southern California, with San Diego being our favoured city. Most deals will be negotiated directly with lending institutions. Texas also offers excellent opportunities in the apartment and hotel sectors. Stay tuned.

The US Economy is Booming, but Some worry a  Bust is coming   ( New York Times April 7th, 2022)

Employers are adding thousands of jobs a month and would hire more if they could find them.
Consumers are spending, businesses are investing, and wages are rising at their fastest pace in decades.
Rapid inflation,  soaring oil prices, and global instability have led forecasters to sharply lower their economic forecasts for growth this year. Global Supply Chain disruptions, added by the war in Ukraine and Covid’s resurgence in China make it harder for policymakers to discern where the economy is headed.

United Kingdom

Coronation of King Charles

By HM Government – https://coronation.gov.uk/, OGL 3, https://commons.wikimedia.org/w/index.php?curid=133959751

May he reign long, God Save the King

The UK formally left the European Union after a 47 year association on 31st January, 2020. A historic decision, which may diminish the UK on the world stage and give rise to movements in Scotland and Northern Ireland to work towards regaining entry, and a possible re-unification of Northern Ireland; with the Republic of Eire.

Some 50 years ago, President Charles de Gaulle of France had vetoed Britain’s entry into the European Common Market, because he; felt it would never work ! It was a source of deep anger in Britain at the time, since De Gaulle had received much support from Britain; in the liberation of France. The UK is deeply divided between the younger generation and the old, and between the prosperous South and depressed industrial North.
With the end of the; three and half year Brexit Freeze , the housing market is back. Knight Frank, a leading real estate company report that new home registrations in January 2020 were double that of 2018 & 2019 ( Evening Standard 20th January, 2020 ).

Since the December 2019 election of the Conservatives, Pounds 10 Billion worth of homes; have gone up for sale, a 39 percent increase from the previous year. The average price of a home in London is now Pounds 600,145. The return to stability has been enough to reignite the fires for both buyers and sellers. The final terms of UK’s departure and its trading relationship with the EU is to be worked out by the end of the year. It is doubtful if this time line will be sufficient, in the meantime the status quo remains!

In January 2020 London hosted the UK – Africa Investment Summit with 15 heads of state to forge new ties with Africa as it styles itself as Global Britain. Eight of the worlds fastest growing economies are on the African continent with its growing middle class. Britain is late in the race for Advantage Africa, with China in the lead over decades, followed by Russia,India, Japan, US, and Turkey to get access to its rare metals, agricultural and mineral riches. Africa already has a continental free trade area of 54 nations and a free trade arrangement with Britain is considered unlikely for now.