Global Real Estate & Economy Brief — 2025-11-27

🌍 At a Glance

• US Fed Funds Rate: 4.09 (as of 2025-10-01)
• US 30Y Mortgage: 6.23 (as of 2025-11-26)
• ECB Policy Rate: 2.0 [FRED:ECBDFR] as of 2025-11-26
• BoE Bank Rate: 4.00 (as of 2025-08-07)

🇺🇸 United States

• Hendersonville, N.C., Surrounded by Natural Treasures — Hendersonville, N.C., offers scenic beauty in the Blue Ridge Mountains, earning its title as “The City of Four Seasons.”
• Members Club for Antique Lovers Attracts a Younger Generation of Collectors — The Fine Objects Society aims to engage younger collectors by providing a modern, vibrant members' club for antique enthusiasts.
• Inside the Home That Tells the Story of Sag Harbor — Sag Harbor, once dubbed the “Unhampton,” is evolving with homes like the one on Henry Street reflecting its beach destination appeal.

🇪🇺 Europe

• Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget — Chancellor Rachel Reeves proposes a £26bn tax-raising budget targeting the wealthiest, while cutting energy bills and axing the two-child benefit cap.
• OBR warns Reeves’s budget still leaves public finances in ‘vulnerable’ position — The OBR warns that Reeves's budget leaves public finances vulnerable, downgrading the growth outlook amid potential damaging events.
• Relief for retailers as business rate changes in budget not as bad as feared — Retailers express relief over business rate changes in the budget, though frustrations remain among those outside the retail sector.

🌏 Asia

• Faisal Islam: The real reason Reeves is making you pay more tax — Reeves' tax policy aims to create political and economic breathing space, intertwining both factors.
• Isas, cars and pensions: How the Budget affects you — Chancellor Rachel Reeves' Budget will have significant implications for your finances, including ISAs, cars, and pensions.
• How the chancellor just took a chunk out of your future pay — The freezing of tax thresholds for three years will impact your future pay and tax liabilities.

🎯 GPT Strategy

🇺🇸 United States

• **Positioning Idea**: Invest in mountain resort REITs to capitalize on the growing appeal of scenic destinations like Hendersonville.
• **Risk Note**: Economic downturns may reduce travel and leisure spending.
• **Positioning Idea**: Consider ETFs focused on luxury and lifestyle sectors to benefit from the rise of younger collectors and modern antique markets.

🇪🇺 Europe

• **Position in UK-focused REITs**: Favor UK retail REITs as business rate changes may boost profitability, but monitor for broader economic vulnerabilities impacting consumer spending.
• **Consider Infrastructure ETFs**: Invest in infrastructure ETFs to hedge against potential public finance instability, as government spending may shift towards essential services and projects.
• **Explore Defensive Sectors**: Allocate to defensive sectors like utilities and consumer staples, which may benefit from energy bill cuts, but remain cautious of overall economic growth risks.

🌏 Asia

• **Positioning Idea:** Consider investing in defensive REITs focused on essential services, as stable cash flows may benefit from tax policy changes.
• **Risk Note:** Economic shifts could still impact tenant stability.
• **Positioning Idea:** Explore ETFs that focus on consumer staples, as tax policy may drive demand for essential goods amidst financial adjustments.

Not financial advice. Educational insights only.