Will Coronavirus have a profound impact on the property market like some have predicted? Will Brexit impact where companies operate and consequently, where people are moving to? 2021 could be an unusual year for the property market, as some expected and unexpected major events have impacted the way in which we all live our lives.
An increasing number of Russian HNWIs (high-net-worth-individuals) are notifying Russia’s tax authorities about their foreign bank accounts and controlled foreign corporations (CFCs). This follows Russia’s adoption of the Common Reporting Standards (CRS) in 2016, which facilitates the automatic exchange of information regarding bank accounts between partner countries’ tax authorities in a bid to combat tax evasion.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
Tenants Fees Act 2019 restricts landlords from charging tenants additional fees.
Join us this October at the relaunched MIPIM UK Summit, the UK’s leading property event, attended by the UK property sector’s most influential players from across all sectors.
Eastern Europe is a key region for the Chinese ‘One Belt One Road’ project. But which countries is China especially interested in and what type of property should real estate investors buy?
MIPIM UK, Britain’s leading real estate event, will examine the changes taking place in the property sector as digital and social transformation are putting people and end-users at the centre of real estate-related decisions.
On 2 August 2018, the Bank of England (BoE) raised the key interest rate by 25 basis points to 0.75% - a record rate value in the last nine years. The BoE sees this as the way forward to try and decelerate inflation down to the target value of 2%.
The UK plans to launch a public registry of property-owning foreign company owners within its territory by 2021. Owners concealing information will be penalised with up to 5 years’ imprisonment.
The world’s most senior PropTech summit for real estate innovators with over 300 attendees from over 45 countries is back in London on 26 September 2018.
The volume of online transactions is growing by about 20% per year. If this trend continues, e-commerce will reach €4.4 trillion annually by 2020. How will this affect street retail properties?
Experienced investors know that everything matters when it comes to property purchase, and deciding on a street is as important as choosing a city or a country.
It costs about £9,000 a year to maintain property in the UK, including minor repairs, mortgage costs, telephone and internet, insurance, council tax and public area maintenance charges.
The United Kingdom is the second most popular destination for education after the USA. Tuition fees are high but the alumni of top British universities benefit from international recognition and have great career prospects worldwide.
Buying property in the UK will not help or simplify residence or citizenship applications. The rights, rules and obligations of foreign citizens in the UK, as well as visa and residence permit requirements can be found on the UK Home Office website.