International Real Estate
The Chancellor of the new UK government, George Osborne, produced his much heralded ‘emergency budget’ yesterday. The task was to prevent a loss of confidence by reducing the deficit in the public finances and to rebalance the British economy away from its dependence on the public sector by stimulating the private sector. With the exception of Ireland, the UK has the largest budget deficit in Europe. The Chancellor elected to redress the balance, which amounts to £113 billion in cuts and tax rises, by 2014 – 2015, using an 80:20 ratio – 80% by reduction in spending and 20% by increased taxation. More >
Retailers looking to grow follow one of two distinct forms of market expansion. Large, well-established companies typically look to expand their market share on an international scale. Smaller retailers, usually franchised, look to expand into new markets across North America.
Tapping into a market analysis can assist these retailers in identifying which markets are ripe for expansion, how to select a location, and how to decide how large/small a presence to create in the market. More >
In recent days I wrote a blog about how observers (mostly reporters) of Latin America try to cursorily determine if the region is swinging Left or Right. My proposition was that they do not report it correctly and that they evaluate the situation neither deep enough nor with the correct lens. However, to the subject of that article and the observation that the Leftist influence in the region is misrepresented in the analyses, I read some very interesting news today. Frankly, this has little to do directly with commercial real estate or business in the region, but it has a lot to do with helping outsiders understand an aspect of the dynamics of the region. Especially as it pertains to the undue influence of Leftist ideology in political – and hence emotional – matters that can effect governance of a country or an internal region.
This morning I read an article written by the AFP wherein Argentine and Chilean civil rights groups and members of Chile’s Leftist Nomenklatura were decrying the possible threat to Chile’s democracy because Chile’s ambassador to Argentina earlier this week made some positive references to the period of Pinochet’s government. Subsequently the ambassador had to resign – under pressure. More >
As the markets continue to stumble, the finance ministers of the G20 nations are expected to endorse the European plans to stem the Eurozone debt crisis. Greece awaits decisions as to its future over issues such as social security and public sector workers leading to uncertainty and people waiting to make any decisions, thus stalling the economy further.
In the UK, British Airways cabin crew remain on strike with more strikes to follow, dragging down a long established company with huge losses. BT staff is now threatening to strike for the first time in 23 years over pay packages. There have been strikes in France and Germany. Are we moving back to strikes and disruptions on a daily basis as the effects of the recession continue to be seen? More >
Dominant Residential Brokerage in Australia, New Zealand Readies to Extend Leadership into Commercial Brokerage Under NAI Harcourts Flag
The presentations of NAI Harcourts to the 2010 Harcourts conferences in Christchurch, New Zealand, and in Gold Coast (south of Brisbane), Queensland, Australia, were very well received. Harcourts franchisees currently doing commercial agency work as Harcourts Commercial and some new potential NAI Harcourts franchisees are lining up to hit the ground running as NAI Harcourts rolls out its joint venture over the summer. NAI Harcourts combines the Harcourts boots on the ground in Australia and New Zealand with the international commercial property name and reach of NAI Global to create the new contender in the commercial property market in Australia and New Zealand. More >