This week saw the sky turn orange in London as a Saharan dust cloud swept over the UK, after 6 years being detained in Iran, two British-Iranian nationals have arrived back on British soil and celebrations for St Patrick’s day have returned following a two-year pause due to the pandemic.
We round up the latest news from the week here in our bulletin.
Pension vs Property: Which Is The Best Investment? If you’re in search of some clarity when it comes to the pension vs property debate, our latest article highlights everything you need to know about both options so that you can move ahead with your investment decision with confidence. Read more.
After years of detention in Iran, British-Iranian nationals Nazanin Zaghari-Ratcliffe and Anoosheh Ashoori reunited with their families. Mrs Zaghari-Ratcliffe had been detained for six years after being accused in 2016 of plotting to overthrow the Iranian government. Mr Ashoori, a retired civil engineer, was detained in 2017 on spying charges and sentenced to 10 years in prison. Both have consistently and vigorously denied the allegations. Read more.
This week has seen the celebrations for St Patrick’s Day, a day that observes the death of St. Patrick, the patron saint of Ireland that has evolved into a celebration of Irish culture. St Patrick’s Day celebrations return in full after pandemic pause. Learn more.
Following the FED announcing a rise in rates for the first time since 2018, the Bank of England has now raised interest rates, also responding to the likelihood that the war in Ukraine will push inflation to around 10% this year by raising interest rates back to the pre-pandemic level of 0.75%. Read more.
Italy energised by Med’s first off-shore wind farm Italy is close to completing what is believed to be the first offshore wind farm in the Mediterranean as it tries to free itself from dependence on Russian gas. The Beleolico farm of ten turbines off the southern port of Taranto will generate enough power to supply the needs of 60,000 people. Read more.
Lifestyle & Culture
With Mothering Sunday just over a week away, The Spectator has put together a useful list highlighting The dos and don’ts of Mother’s Day gifts. Read more.
Across the UK, letting agents in the busiest markets are reporting that properties are available for just days before they’re snapped up and often with tenants paying 10-15% over the advertised asking prices. The lack of rental property is also leading to many tenants opting to renew their rental agreements rather than move. The imbalance between property available to rent and the number of tenants seeking homes is here to stay as Stats show stock drought across UK’s private rental market. Read more.
Dubai’s real estate continued its upward trend in February as the investors and end-users explored the best buying options for residential properties on long-term lease. The latest report says Dubai home sales surge in February as demand persists. Read more.
Until next week.