By A. Ross Taylor, Wright, Johnston & Mackenzie LLP
The “Granite City” of Aberdeen, the slate of Balachulish, and tar by John Louden McAdam. For centuries, Scotland has held a worldwide reputation for quality and innovation in construction. However, historically this has involved the harvest of natural resources, damaging our environment. Held in the industrial heartland of Glasgow between 31 October and 12 November 2021, COP26 resulted in the Glasgow Climate Pact. The Pact:
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By Janvi Khatri, Zinzuwadia & Co. CA
The Indian Government implemented The Real Estate (Regulation and Development) Act, 2016 (RERA) with the intention of regularising the real estate market of India to safeguard the interests of property buyers. Prior to its enactment, real estate developers did not have any authority examining and supervising them on their development work. The Impact of RERA can be defined in the following manner:
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By Josh Quinter, Offit Kurman
Heraclitus was right – “the only constant in life is change”. The inability to find qualified help, the rise in technology-based solutions, and increased specialisation have been forces of economic disruption for some time. Now the COVID pandemic, supply chain shortages, and significant inflation are exacerbating that level of disruption.
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By Prof Sergio Guerrero Rosas, Guerrero y Santana, S.C.
It is becoming increasingly common that foreigners wish to acquire real estate in Mexico, and it is essential to keep in mind some of the peculiarities and considerations that must be taken into account when acquiring a property in Mexico. Although Mexico is known for having a friendly and familiar market compared to other foreign markets, it is necessary to make a good plan when acquiring real estate to ensure the protection of such property and to obtain the best tax benefits in accordance with Mexican law. Some of the points to be considered by foreigners when acquiring a property in Mexico are:
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By Prof Robert Anthony, Anthony & Cie
Many clients are concerned about what is happening in the French property market today. There is a demand in the marketplace for quality property both for sale and rentals, but as always, this is subject to the location. The marketplace currently has certain properties where payments were made during the Covid-19 pandemic, and for which tenants are now using their deposits or payments from two years ago. This sometimes complicates the commercialisation of new availablefor- rent properties. However, there is a demand in the marketplace as hotels continue to be highly sought after.
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By Andrzej Tokaj and Konrad Pecelerowicz, Penteris
The easing up of Covid-19 in Europe accompanied renewed hope in Poland that the commercial property market would pick up. Hopes were tempered when interest rates began to creep up towards the end of 2021.
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By Jesús Ruíz Ballesteros, Ruiz Ballesteros Lawyers and Tax Advisors
What do I have to do if I have a property for my own use? If the property is not rented out, but is for the use or enjoyment of the owner, it will be subject to IRNR (Spanish Non-Resident Tax (Impuesto sobre la Renta de No Residentes)) for the corresponding imputed income.
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By Sharon Mathieson, Ward Hadaway
As we all know, throughout the COVID-19 pandemic, a vast number of businesses encountered various enforced closures of their premises as a result of government imposed restrictions. In many instances this led to commercial tenants being unable to operate and, in turn, to arrears in rent and other sums payable by tenants to their landlords under their leases.
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By Peter Fassl and Helmut Seitz, HSP Rechtsanwälte GmbH
As outlined in the first two articles of this series, the ever-increasing scarcity of arable land in combination with an exponentially increasing world population makes it necessary to rethink real estate business concepts that have been in use to date. At the very least, adjustments need to be made.
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By Peter Fassl and Helmut Seitz, HSP Rechtsanwälte GmbH
a) As the analysis in Part 1 demonstrated, the perceived scarcity of land, whether for development or cultivation purposes, combined with steadily growing inflation, necessarily leads to a rethinking of how one might strategically invest in real estate. As shown, the typical real estate investor thrives on acquiring land, building on it, and then reselling it, all in the hope that his profit from this cycle will not be completely eroded by the price of a replacement purchase having risen more than the profit he has made. However, the ultimate goal is always to secure the basic raw material of land for future value creation. This does not necessarily mean becoming the owner of the land. It is quite suffcient to be use it in the same way as the owner. This instrument is called a “building lease” in the DACH-region and a “long lease” in many other jurisdictions.
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