Luthori

[Ligbruderkrieg]

Following the Bank of Luthori's decision to leave interest rates at a low level following sensible rises during the last five years in order to combat the subtle devaluation of the Luthorian currency in opposition to other foreign currencies, according to research made by the Financial Herald and the results coming from the Global Luthorian Pound Index (GLP Index), which tracks the value of the Pound compared to other major world-influential currencies. 

Following this decision to leave interest rates at a stable 3.35% after correction from the Bank of Luthori in recent months, investors breathed a sigh of relief, after 5 years, the Luthorian government had reassured investors by not agressively rising interest rates due to the threats to its currency, this rising confidence in the Bank of Luthori's economic strategy to encourage investment in Luthori seems to finally bear fruit.

The Grand Duchy of Middenriding and the Grand Duchy of Shipleyriding are Luthori's only connection to the Artanian Sea, and as such, due to their prime location, became Luthori's favorite summer vacation location, excluding Fort William itself. Both provinces are heavily visited during the summer, as they present tourists with an exquisite view of the Artanian Sea through its fine sand beaches, these influx of tourists every summer created the perfect opportunity for the development of a seasonal hotel industry, coupled with a seasonal recreational industry (restaurants, cinema, and other activities).

It seems that in hope of capitalising over the low interest rates currently being applied, and in a bid to encourage potential buyers to buy or loan new properties, real estate corporations are becoming increasingly interested at the prospect of enhancing the potential economic growth in these regions, which will lead to housing demand increasing in these regions, which is exactly their objective in order to primarily develop suburbs around the large cities, hence increasing their profits.

Some might say why real estate corporations are the one most interested by the prospect of increasing economic growth in a targeted region for their benefit instead of the Luthorian government and it seems that we'll never know much about this interest. But nevertheless, large real estate corporations might enter a partnership with construction companies to build a select number of new homes to first encourage people who are currently hesitating to move to these coastal regions to give it a try. 

Adding to this, current pressure from both the Middenriding and Shipleyriding governments to the central government for increased funding for infrastrucuture aimed at transporting tourists to the seaside stations, that include a renovation of the Fort William-Middenhall high-speed railway and the Fort William-Shipley high-speed line, with others asking the Luthorian government and the Imperial Railway Corporation to build a high-speed line directly between Shipley and Middenhall, which is currently rejected by the LBC due to the lack of "real need" for a high-speed line.

Currently, the tourism industry remains the two provinces' most valuable assets, with revenue generated from tourism impacting both states' yearly budgets in a posititve manner, but nevertheless, the interest for development from public and private officials might lead to that contribution increasing over the years as tourism sees a boost from corporations which would benefit the most from its development in the next years.