Santander was able to buy the building as a currency play: it can benefit from rising values for buildings on long leases, and if the pound strengthens, then it will be on a double winner.
While that's still likely to be true — because a debt default is unlikely, in his view — he said that continuing tremors in Washington could eventually result in rising values for other sovereign bonds, those of Germany and Canada, for example, to the detriment of Treasuries.
That means they're a real estate company, hoping for rising values, as well as a hospitality company.
Across Nigeria, growing urbanisation, new infrastructure and the rising value of land has made life harder for nomadic groups.
After all, it is only a tax on the rising value of property for a few people and only then on any rises in the distance future (with "distant" being 16 months away).
A key factor has been the rising value of land for commercial use, which has made developers more willing to abandon housing schemes and turn sites over to more profitable office buildings, the research suggests.
Over the next decade or so, Miller borrows more money against the rising value of her house to pay for improvements.
"People are going to start saving the old-fashioned way, rather than letting the stock market and rising home values do it for them".
Online shopping was no longer viewed as a threat to bricks-and-mortar stores, and rising housing values made it easy for people to borrow more money — and spend it.
Parts of Kenyan Maasailand have shown rapid economic growth driven by wildlife conservation, rising domestic and export markets for crops and rising land values (Norton-Griffiths and Said 2010).
