Freelance: Property values at an all-time high!
Property values at an all-time high!
September 26, 29481 - Ferrell [Atlantean]
IRRK Freelance - Despite the continuing war against the invaders and inter-factional conflict, Rubi-Ka property values have reached an all-time high during the last quarter. While regulatory controls have stalled the overall inflation of the ICC credit, the corporate estate market continues to boom. Estimates as high as 8 billion credits for even the smallest plot of corporate land are not uncommon.
"It is a matter of supply and demand," states economist Officer Simon Penders. "The land itself is the one resource on Rubi-Ka, other than Notum, that is hotly contested. Unlike the Notum fields, however, all of the corporate and commercial sectors have been distributed and approved, and they can only change hands with the transference of the lease. With a limited supply and a huge demand, the organization plots will continue to rise in price as long as there are credits to go around."
Several organizations have resorted to mergers to raise the capital needed to purchase a lease from another organization. Other organizations rely on loans from friendly organizations, but this is rare. The value of the properties have become so high that smaller organizations and individuals are starting to rent the property on the lease for months at a time, rather than purchasing the lease outright. The maintenance costs for these organization land plots have remained constant, despite the toll of the war against the alien invaders.
