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Nothing Fancy - Bits

Nothing Fancy - Bits
By Proptee • Issue #17 • View online
This week’s Nothing Fancy is an actual newsletter. 😮 We decided to collect a couple of short and sweet news bits rather than writing an educational article. Hope you like it.

Savills expects strong Q1 for EU real estate
As long as the Russia/Ukraine war doesn’t last too long, Savills anticipates that the total European real estate investment volumes will reach €300-330 billion this year, 5-10% above the five-year average.
Lydia Brissy, Director of European Research at Savills, says:
“Given the current context, we expect most of the investment activity this year will focus on Western Europe and particularly, the core countries of UK, Germany and France. Our preliminary Q1 figures suggest that those three countries have received 66.6% of the total European investment volume this quarter, up from 61.4% last year.”
UK escalates 'red alert' on crypto ads 🇬🇧
According to the Advertising Standards Authority, all crypto ads need to clearly state that digital assets are unregulated in the UK and their value can go down as well as up. 50 businesses have also been told that they’ll face punishment unless they review their commercials.
Fertilizer prices hit a record high
The farming industry has been hit hard by the war and the political reaction in Russia to Western sanctions. Prices are now 40% higher than a month ago, before the invasion of Ukraine.
Russia was the world’s top exporter of fertilizers in 2019 with a trading volume of $9 billion.
Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting. Thus, they’re going to produce less, which could cause a global food crisis.
Bridgewater Associates is getting into crypto
The world’s biggest hedge fund - $150 billion AUM - is reportedly planning to gain exposure to cryptocurrencies. Bridgewater Associates is planning to back a crypto fund rather than invest in digital assets directly.
FUN FACT: 1st NFT emerged in 2014
Only 5 years after the introduction of Bitcoin, the minting and selling of NFTs began. The first NFT was created by Kevin McCoy in May of 2014. McCoy minted Quantum, which raked in $1.4 million at a Sotheby auction in November 2021.
Quantum by Kevin McCoy
Quantum by Kevin McCoy
This is it! Please send us a 👍 if you liked it and let us know how we can improve.
See you next week,
Ben & Proptee team
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