Real Estate

Real estate sector: forecast for Spain in 2013

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By Maria José Rubio, JC&A Abogados

The real estate market in Spain still has a lot of recovering to do.Demand is expected to remain low due to the lack of financing, and there will be a large stock of properties for sale. Recent studies show that, in spite of the continued price cuts, the sale of real estate will not pick up again until employment is generated because, realistically, employment is the factor that stimulates consumption. Generation of employment is not expected until the end of 2013, which means that the revival of real estate development and property sales will only start in 2014.

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Real Estate

What are the consequences of buying a property in France?

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By Prof. Robert Anthony and Dr. Michael Annett, Anthony & Cie.

When considering the purchase of property in France, it is important to be aware that property ownership will have consequences under French inheritance laws, and can generate French inheritance tax, capital gains tax, income tax, social charges and wealth tax liabilities. In specific cases, typically new builds, VAT at 19.6%, is also a factor to be considered as this is applied to the purchase of new and relatively new French property1, although this VAT can be claimed back under certain conditions2.

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Real Estate

Mr Jensen goes to town

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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.

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Real Estate

Silver lining for Greek estate market?

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By Vassiliki Tsigarida, ASnetwork

Tlthough in April 2013 the leaders of the Greek coalition government approached the troika representatives with the proposition of replacing the multiple taxation on property with a single, gradual rate, the outcome of the relevant negotiations was not successful.

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Real Estate

Correlation Between Debt Policy and Land Prices?

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By Dr. Reinhard Nacke, FPS Rechtsanwälte & Notare

The Swiss economists Reiner Eichenberger and David Stadelmann, both at the University of Fribourg, discussed some interesting theses in the "Neue Zürcher Zeitung" dated 23 January 2013 concerning the correlation between property prices and public bodies' unsound financial behaviour. When a municipality finances its disbursements with debt, this gives rise to higher liabilities in the future and a heavier financial burden due to upcoming interest and amortization payments.

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Real Estate

High Value UK Residential Property – Urgent action required

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.

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Real Estate

The high range Real Estate Market in the Costa del Sol

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By José Luis Rodriguez, Javier Carretero y Asociados Abogados

Only a few years ago, the construction of High Range holiday homes was a small segment of the real estate market in the Costa del Sol. Actually, this segment is the only one that survives, generating wealth and employment in an area that comprises Marbella, Benahavís and Estepona (Costa del Sol, Southern Spain).

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Real Estate

Can we actually still speak about a "Greek estate property market"?

By Vassiliki Tsigarida, ASnetwork

The recent Law 4093/2012 ("Memorandum III") has imposed major horizontal cuts to salaries and pensions. The purchasing power of the average Greek citizen is in free-fall and this leads, among other economic and social consequences, to an alarmingly extended stagnancy in the volume of sales and lease transactions. At the same time the number of units remaining closed and unexploited steadily rises.

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Real Estate

Germany: property prices are on the rise, rents are stable

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.

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Real Estate

Real estate facts and opportunities

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By Seres Baum, Grupo Work

As seen on CNN and other news media, over two million people from 176 countries around the world own extraterrestrial property.
To date, more than 300 million acres of land on the Moon have been issued to individuals and corporations, representing transactions amounting to over $6 billion (US dollars). While accountants, lawyers, and general consultants are still struggling to find the best approach to such investment accountability, juridical classification and the best valuation method, psychology and real estate specialist are trying to figure out why people have been investing in real estate (on our planet for a while).

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