Beverly Hills, USA

Non-Recourse Guaranties

By Albert C. Valencia, Ervin Cohen & Jessup LLP

Despite the name, “non-recourse” real estate loans have the potential to increase personal liability due to the so-called “bad-boy provisions” that are included in non-recourse carveout guaranties, often required by lenders to be delivered by the borrower’s principal(s) as a condition to making the loan. Examples of bad-boy acts that would give rise to personal liability of the borrower’s principals could be waste, unpermitted transfers of the property or the interests in the borrower, or the misapplication of funds. These bad-boy provisions serve to make the principal(s) personally liable to the lender in the event of a default by the borrower under the loan and are intended to protect lenders from certain wrongful acts of the borrower that would limit the lender’s ability to be repaid from the borrower’s assets, which assets are often solely the borrower’s ownership interest in the real property securing the loan.

Continue Reading

Sydney, Australia

Australia’s New Surcharge Taxes on Non-Residents

By Tony Nunes and Lishi Huang, Kelly+Partners Chartered Accountants

Foreign residents looking to invest in property in Australia should be aware that in all states, non-residents are subject to additional taxes for buying and holding residential property. It may be possible to structure the investment to minimise the impact of these taxes, however they should be factored into the investment decision.

Continue Reading

old people’s home in Germany

Goldmine Renting of Old People’s Homes in Germany

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.

Continue Reading

New cars ready to ship in the port of Thailand

Thailand: The “In” Place to Manufacture

By Paul Gambles, MBMG Group

Over the last few months, it’s become clear that Thailand has become the place for manufacturers. When you think of Thailand, you may have hot weather, beautiful beaches, and extremely spicy food in mind. But it also serves as a base for some of the world’s largest manufacturers.

Continue Reading

Opatija, Croatia

Purchasing and Selling of Real Estate in Croatia

By Biljana Svaljek, Infokorp d.o.o.

Becoming a part of the EU made it easier to purchase real estate in Croatia. Although the country is not large, it has a diverse territory, including many islands. Therefore, each year, interest in purchasing real estate for various touristic services increases. There are several things that must be considered when purchasing and selling real estate in Croatia.

Continue Reading

Italiy renovation

Italy: Tax Relief for Construction Companies

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.

Continue Reading

Leiden, The Netherlands

“Lease Goes before Sale”: How Far Does Dutch Law Protect the Tenant?

By Joost Donkersloot, TeekensKarstens advocaten notarissen

In Dutch rental legislation, there is an adage: “lease goes before sale”. In short, this means that a lease agreement does not end if the rented space is sold and changes ownership. In practice, however, it is sometimes assumed too easily that the tenant does not suffer from a transfer of
ownership of the rented property.

Continue Reading

Innsbruck city center, river Inn and Tyrolian Alps

Real Estate Financing in Austria

By Raffaela Lödl-Klein and Mario Kapp, KAPP & PARTNER Rechtsanwälte GmbH

The real estate market in Austria is flourishing; both the volume of sales and the value of sold real estate have increased continuously in recent years. Further growth on all fronts is expected for 2019: more demand and higher prices, though only a minimally growing supply side, especially with regards to land for building and single-family homes. The choice of the right type of real estate financing is of key importance in this context.

Continue Reading

real estate at the Côte d' Azur

French Real Estate: A Good Time to Invest

By Joris Cataldi and Professor Robert Anthony, Anthony & Cie

When purchasing a property there are several issues that one needs to consider. Tax, future growth as well as rental income. The speculation in European property markets created a volatility into market sectors creating difficulties into choosing safe investments in stable areas. Funds invested heavily into logistics as well as residential blocks of flats. The later they tried to create positive gains by selling the apartments individually. Certain streets around Europe were redeveloped to build more high class shopping.

Continue Reading

New commercial building for sale at Udonthani city in Udon Thani, Thailand

Property in Thailand: A Mixed Bag

By Paul Gambles, MBMG Group

Looking at the Bank of Thailand’s house-price index shows an unchecked 64% rise in the last ten years. But that doesn’t go anywhere near to telling the whole story.

Continue Reading

More Articles ...

GGI Logo 70x50px

GGI Geneva Group
International AG

Schaffhauserstrasse 550
P.O. Box 286
8052 Zurich
Switzerland

Contact

T: +41 44 2561818
F: +41 44 2561811
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ggi.com