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.
By Tony Constantine, Ciuni & Panichi, Inc.
The United States’ opportunityzone programme encourages investment into what Senator Cory Booker describes as “domestic emerging markets”. The programme is a departure from traditional economic-development programmes. It provides taxpayers with the ability to redeploy unrealised gains for the purpose of revitalising distressed areas without an immediate tax burden.
By Hed Amitai, Alex Barnes and Rich Risino, Memery Crystal LLP
April 2019 marks the completion in a step change, started in 2012, to “level the playing field” in how gains in value realised on the disposal of UK-sited real estate are taxed.
By Andy McFarlane, Wright, Johnston & Mackenzie LLP
The least of Donald Trump’s worries on his recent world tour will have been the mockery of his predictions of the impact of wind turbines on Scotland’s tourism industry, but as he arrived for a relaxing weekend at Turnberry the renewable industry’s leaders were keen to join his ever-expanding throng of critics.
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 Matthias Könke, AIOS GmbH
Since the fall of the Berlin Wall in 1989, the city of Berlin and its housing market have witnessed fairly volatile developments. The years until the middle of the 1990s were euphoric, followed by a slump and stagnation until ca. 2010. Since then, prices have gone up again due to low interest rates, money inflow from other countries and the increased attractivity of Berlin in general.
By Mario Kapp and Raffaela Lödl, KAPP & STRIMITZER Rechtsanwälte GmbH
As a consequence of the Austrian ‘intabulation principle’ the actual acquisition of a house, a plot or a freehold apartment only takes place upon the registration of the buyer in the Austrian land register. Getting there involves several key legal steps. Therefore legal advice should be obtained, especially in the following areas:
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 Raffaela Lödl and Mario Kapp, KAPP & PARTNER
The Austrian Property Development Contract Act (Bauträgervertrags- gesetz: BTVG; dating back to 1977) applies to real estate contracts in which the buyer makes payments of more than EUR 150,00 per square meter of floor space before the completion. The outstanding construction constitutes the main difference to a general pur- chase of an exisiting property. Due to possible risks of those transaction, the Austrian legislator created a special law, which seeks to protect buyers of properties under-construction from the loss of their advanced payments.
By Shepard A. Federgreen, Gibbons P.C.
Buying real estate in the United States follows a predictable pattern involving multiple steps and multiple professionals. This outline focuses on the common steps which are virtually universal.
