Real Estate Investor Magazine South Africa March 2014 | Page 49

REI Offshore
CYPRUS

Economic summary:
• GDP/PPP: $22.97 billion (2011 est.): $23.77 billion; $29,100 per capita (2011 est.)
• Real growth rate: –0%.Inflation: 3.3% (2011 est.)
• Unemployment: 7.7%.
• Arable land:10.8%.
• Agriculture: citrus, vegetables, barley, grapes, olives, vegetables; poultry, pork, lamb;
dairy, cheese.
• Labor force: Greek Cypriot area: 414,100; Turkish Cypriot area: 95,025 (2006 est.);
Greek Cypriot area: agriculture 7.4%, industry 38.2%, services 54.4%; Turkish Cypriot
area: agriculture 14.5%, industry 29%, services 56.5% (2004 est.)
• Exports: $1.5 billion (2011 est.).Imports: $10.11 billion (2011 est.)
• Major trading partners: UK, Greece, Germany, UAE, France, Italy, Japan, Israel,
Netherlands, China (2006).

Economic summary
UK
• GDP/PPP (2011 est.): $2.288 trillion
per capita $36,500.
• Real growth rate:0.8%.
• Inflation: 4.5%.
• Unemployment: 8.1%.
• Arable land: 23%.
• Agriculture: cereals, oilseed, potatoes,
vegetables; cattle, sheep, poultry; fish.
• Labor force: 31.72 million; agriculture
1.4%, industry 18.2%, services 80.4%
(2006). Exports: $479.2 billion (2011
est.): manufactured goods, fuels, chemicals; food, beverages,
tobacco. Imports: $639 billion (2011 est.): manufactured goods,
machinery, fuels; foodstuffs.
• Major trading partners: U.S., Germany, France, Ireland,
Netherlands, Belgium, Spain, Italy, China (2011).

USA

Economic summary
The US has the largest and
most technologically powerful
economy in the world, with a
per capita GDP of $49,800.
I n t h i s m a rk e t- or ie nte d
economy, private individuals
and business firms make most
of the decisions, and the federal
and state governments buy needed goods and services predominantly in the private
marketplace. US business firms enjoy greater flexibility than their counterparts in
Western Europe and Japan in decisions to expand capital plant, to lay off surplus
workers, and to develop new products. At the same time, they face higher barriers
to enter their rivals’ home markets than foreign firms face entering US markets.
US firms are at or near the forefront in technological advances, especially in
computers and in medical, aerospace, and military equipment.

Resources: www.factmonster.com, CIA Workbook

Valuable Input

Stuart Glen
Representative
Stay Ibiza, Lucas Fox
“Ibiza has always attracted
the rich and famous but now
the VIP market is definitely
growing significantly. The
clubs play a huge part in this
attraction and it seems that
the VIP areas grow every year
to accommodate the rising
numbers.”

www.reimag.co.za

Tony Galetti
CEO
Galetti Knight Frank

Chris Immelman
Managing Director
Pam Golding International

“Knight Frank is active in nine
African countries, so we can
really leverage our affiliation to
add value to our local retailers
and logistics businesses who
are looking to move north on
the continent.”

“Mauritius is a stable, emerging
economy with a low tax
environment and is recognised
as a key financial services hub
which opens doors for trade
and services opportunities in
Africa.”

REALE ESTATE BUSINESS DIRECTORY

Jenny Ellinas
Managing Director
Cypriot Realty
“A huge number of expats are
buying property in Cyprus;
and industry experts predict
things will be even better in
2014, if the trends set in 2013
(€500Million in real estate
investments) are anything to
go by. There has never been
a better time to invest in
Cyprus!”

March 2014 SA Real Estate Investor

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