…and we simply don’t care enough. The publication of the 3,949 page Climate Change 2021: The Physical Science Basis Report in early August elicited many different comments from governments, the media and individuals around the world. This is the sixth such report (and only part one of three) and likely to be the last one […]
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches, partly because, as he freely admits, Norman has a limited life expectancy of five years from December 2018 due to a diagnosed terminal blood […]
Recent scholarship on investment patterns during the 18th and 19th centuries in Britain has uncovered the role of women as investors. By the late 19th century, rising real wealth and the promise of higher returns coupled with lower risk led both men and women from a widening social spectrum, including the less affluent, to own […]
Falling below the red lines. Evergrande, the most indebted real estate company globally, faces mounting bankruptcy risks as the company has defaulted on payments and struggles to meet its financial liabilities of over US$300b. Evergrande’s financial woes surfaced not long after the People’s Bank of China (PBOC) and the Ministry of Housing introduced new […]
It’s still all to play for in the REIT sector. I make no apologies whatsoever for repeating much of my mantra for the quoted REIT sector this year. The themes remain consistent, successful and unlikely to change for the rest of the year. I concluded my article for the summer edition with the phrase, […]
Originally published June 2021. As space requirements fall for offices and retail, residential will fill the gap. Much of the reflection on post-pandemic shifts in property has been focused on individual sectors, but how these interact with each other will also be key to the outlook for the urban locations where real estate is clustered. […]
Saturday morning, walking around south Minneapolis, a neighborhood where – back in my youth – when your elders start neglecting their lawn, you might move them out of the bungalow and plant them here in a one-BR apt until they can no longer climb stairs and then there’d be a family meeting. Shoot them? Or […]
The FTSE 100 and S&P 500 are trading at very different valuation levels. US and UK large-cap investors have had very different experiences since the crash of 2009. Over these 12 years, the FTSE 100 more or less doubled, going from a low of around 3,500 to a pre-pandemic high of just over 7,500. The […]
If you are like me, you regularly interact with people who remain unphased by America’s recent giant strides towards authoritarian socialism, of an economy run largely by and for state actors and their corporate minions. Those who bother to engage with the problem at all eventually exclaim something like, “Well, no society has ever tried ideal socialism”, by […]
But what challenges await the US and the wider world? Over a year after the Covid-19 pandemic spread across the world and crippled economic activity, a recovery is underway. The consensus among economists is for the recovery to be strong, which has only been amplified in recent months and justifiably so. Vaccine efficacy, vaccine distribution […]
