By Dr. Reinhard Nacke, FPS Rechtsanwälte & Notare
Unlike other European countries, property prices are on the rise again in both Western and Eastern Germany. From March 2007 to August 2012 the price for new residential properties rose by nearly 25% whilst rents only increased moderately. In some cities the rise over the last couple of months could be described as dramatic. Some analysts are convinced that in this regard the German bubble may yet burst.
By Dr Reinhard Nacke, FPS
Due to demographic change, there will be an ever-increasing number of old people’s homes in Germany. The federal states are legally obliged to create a suffcient number of such facilities. It could, therefore, be lucrative for investors to build an old people’s home and rent it out to a home operator. It should be noted, however, that the investor’s negotiations with the home operator will be different from those for ordinary commercial properties. For the latter, a rent is usually negotiated freely. It is also agreed that the rent will change similarly to the cost of living.
By Dr. Reinhard Nacke, FPS Rechtsanwälte & Notare
Ever more companies are trying to set themselves apart from their competitors through extraordinary commitments to sustainability in order to gain further market shares. For example, companies are using electric cars in their fleets, recycled paper and “save paper” messages in email correspondence. For a growing number of companies, this also includes concluding a green lease contract. In addition to the company’s external image, such a move is prompted by the desire to assume corporate social responsibility because there is a general feeling that we cannot rely solely on the state and non-profit organisations, but must also take responsibility ourselves.
By David Rodney, Citroen Wells Chartered Accountants
The UK Budget in March 2012 announced tax measures affecting UK residential property. This article concentrates on two proposals set to take effect in April 2013 which apply to residential properties valued at more than £2m and held within 'structures'. Structures may be in place to avoid inheritance tax and/or stamp duty land tax. In view of increasing values, anyone holding residential property worth more than £1.5m should consider the impact of the proposals. Commercial properties are not affected.
By Lesley Fairclough, Ward Hadaway
Despite the uncertainty as to what effect the UK’s exit from the European Union in 2019 will have, major UK housebuilding companies have had a strong year with increased sales of new homes.
By Caroline A. Simonson, Moss & Barnett
The United States is in the midst of an affordable-housing crisis. Supply is falling far short of demand, and rents are reaching historic highs. According to data from Apartment List, nearly half of all renters in the country spend more than 30% of their income on rent, and one in four renters spends at least 50% of his or her income on rent. A recent report by the National Low-Income Housing Coalition found that in 99% of counties, a full-time minimum-wage worker cannot afford a fair market one-bedroom rental. While policymakers explore various ways to address this crisis, the private sector can play a positive role in ensuring that all Americans have access to affordable housing. Let’s explore some programs and opportunities available to real estate developers, owners, and investors that bolster affordable housing.
By Alleen Sakarian, Devry Smith Frank LLP
What is HST? Harmonized Sales Tax (HST) is a combined tax which, in Ontario, includes an 8% provincial tax component and a 5% federal tax component. HST is levied on all new home purchases in Ontario, substantially increasing the cost of buying a new home in the province.
By Joost Donkersloot, TeekensKarstens advocaten notarissen
There is increasing interest from abroad to invest in the Dutch rental market. Minister Block (Housing and Civil Service) confirmed that recently in the House of Parliament. "I receive those signals in discussions with market participants and investors," says Block . 'The Netherlands has the image of a reliable country and you can sense that there is perception that this is the time to take action." Of course also the Netherlands suffered from the effect of the economic crisis which has lowered prices for real estate. But there is a growing feeling that this now has come to a stop. This combination is said to be the cause of the increased interest. Of course, investors expect that the economic recovery will prevail and that prices will rise again.
By Oltion Kaçani, Gjika & Associates Attorneys at Law
The Albanian real-estate sector has undergone significant changes and improvements in order to resolve the issues inherited from the past. Due to the legal amendments made in the last few years, Albania offers a real opportunity to invest in real estate, thus facilitating and making more reliable the entire process.
Andrew Lee, Haines Watts
In recent years, we have seen a steady growth of overseas individuals investing in the UK residential property market particularly around London and the South East of England. Traditionally, the UK has been a hotspot for wealthy overseas property investors from North America, Southeast Asia, Japan and the Middle East and now Russian and Chinese investors are joining the ranks. This is not surprising, as the UK has always been popular for its liberal legal and tax regime and it has long been recognised as one of the most stable democracies in the world. London properties in particular have a long history of attracting investments from wealthy individuals from all corners of the world. The attractions of London include its world class educational, cultural and sporting and leisure facilities.
By Ingo Prang, KPP Steuerberatungsgesellschaft mbH
The real estate market in Germany still offers opportunities compared to other European member states. Hence, investment into the German market can be quite beneficial.
By Dr Martin Lechner, Pichler Dejori Comploj & Partner
From 01 May 2019, Italy is offering tax relief to construction companies in order to promote the recovery of buildings in need of renovation. Between the period of 01 May 2019 and 31 December 2021, companies whose scope consists of the construction and recovery of buildings will be able to purchase entire buildings for a fixed amount of EUR 200 each, for registration, mortgage, and cadastral taxes.
By Alex Barnes and David O’Dwyer, Memery Crystal LLP
Members of Memery Crystal’s retail team have recently been published in Estates Gazette examining the key issues that need to be considered when selling some or all of your pub portfolio.
Claudio Cocca, Geneva Group International
Published: January 2010
By Dr. Lodovico Comploj, Pichler Dejori Comploj & Partner
In November 2011, the risk premium on Italian government bonds climbed to an almost intolerable level, crippling the Italian national budget. One of the first measures adopted by the newly appointed technocratic government was the introduction of the D.L201/2011 (known as the "Rescue Italy Decree") to reform the State budget. This decree also included the introduction in 2012 of the "IMU" (municipal tax on the ownership of real estate), which replaced the "ICI", the former property tax on real estate.
By Elena Moretti, Studio Dalla Libera & Partners
According to the Bank of Italy, the value of real estate is represented by "the estimated amount for which the property should be exchanged on the date of valuation between a willing seller and a potential purchaser. This is in accordance with normal market conditions after adequate sales promotion, in which the parties have acted with knowledge of facts, prudently and with no constraint.
By Alejandro Fernando Toulet Lazos, Toulet & Gottfried
Mexico had an election for a new president on 1 July 2018. The undisputed winner was Mr Andrés Manuel López Obrador (‘AMLO’). AMLO is a leftist and populist who has run for, and lost, the presidency the previous two times: once in 2006 and then again in 2012. AMLO formed his own political party, named ‘Movimiento de Regeneración Nacional’ or ‘MORENA’.
By Per Hansen,Hansen Sonderby
The fact that changing demography and migration towards cities have impacted the property markets is hardly news – at least when it comes to a number of the world's larger countries. Now, however, it has even come to a small country such as Denmark.
By Tom Dymond, Haines Watts
Negotiating a new lease for a UK property? Here are the five clauses in a contract that will have the most impact.
By Marcus Andrews and Luke Dominish, McCabes
In an attempt to encourage interaction between foreign residents and the Australian Tax Office (ATO), on 1 July 2016 the Australian federal government introduced a number of changes in respect of the purchase and sale of Australian property by foreigners.