Real Estate

Boomtown Munich – Great Expectations or Excess Boom?

By Dr Michael Bihler, LUTZ | ABEL

Munich is the third largest city in Germany with about 1,550,000 inhabitants. Due to its scenic amenities and flourishing economy, its attraction to foreigners and natives remains unchanged. Each year 15,000 to 30,000 people move to Munich, thus putting increased pressure on the residential market.

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Real Estate

Ontario

HST and the New Housing Rebate

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.

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Real Estate

Berlin Tegel

The Housing Market in Berlin - Recent developments, legal framework and investment opportunities

By Tilo Drebes, AIOS GmbH

Since the Fall of the Berlin Wall in 1989, the city of Berlin and its housing market have seen quite a volatile development. With a population of around 3.4 million that year, expectations were that this would increase to more than 4 million as a result of the German reunification and the respective economic impetus. Consequently, real estate prices between 1989 and ca. 1995 soared.

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Real Estate

Spain, Leader in World Tourism

By Santiago Lapausa, Javier Carretero y Asociados – Abogados

For the past 11 years, the World Economic Forum has engaged leaders in travel and tourism to conduct an indepth analysis of the travel and tourism competitiveness of 136 economies across the world; a report on this subject is published every two years. In the last report, “Trips and Tourism Competitiveness Index 2017”, Spain achieved 1st place as the leader in world tourism, for the second consecutive edition.

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