People are embarking on more short-term travel holidays — aka luxury micro trips — than ever before, and the short-term luxury residential property rental market is booming as a result. Airbnb, never one to miss a trick, has launched the Airbnb Luxe platform, which offers thousands of hi-spec luxury apartments in classy areas from $1,000 a night to cater for this growing market. Tranio explains why there are so many people willing to splash the big bucks on short trips.
The volume of real estate transactions related to luxury property has steadily increased from the turn of the Great Recession in 2011 to 2018. And with signs of a looming global economic slowdown, high-net-worth individuals (HNWIs) are looking to diversify their portfolio with non-traditional investments—as opposed to the standard set of equities and bonds—including luxury real estate.
International economists have recently been discussing the possibility of a new global economic crisis, which, according to certain estimates, may be hovering ominously on the horizon. With this in mind, experts at Tranio explain what lessons can be learned from the financial crisis that battered the world at the beginning of the 21st century.
The share of offline sales in retail has been decreasing due to the growth of the online segment. Analysts at Tranio international real estate platform outline options for innovative retail technologies (ReTech) for retail stores to help reverse this trend.
International real estate broker Tranio reviews the major property crowdfunding platforms in the United Kingdom, Germany, Spain and the United States.
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.
Homeowners in the USA spend 1–4% of their property’s value per year on home maintenance and repairs.
It takes 30–45 days to buy a property in the USA. The acquisition procedure is completed in several steps.
Since the Multilateral Competent Authority Agreement (MCAA) came into effect, the UnitedvStates has been referred to as "the new Switzerland" as the country does not disclose information on foreign accounts in the country.
Taxes in the USA are among the highest in the world. Prior to purchasing real estate, buyers should seek advice from a tax expert who can recommend the best way to register property and minimize tax burden.
Mortgages are available in the United States to non-U.S. citizens. According to the National Association of Realtors, 50% of foreign nationals in the country prefer to buy property with a loan.
Over a third of the world's nationalities own property in the USA, with buyers from the UK, India, China (PRC, Hong Kong, Taiwan), Canada and Mexico accounting for nearly 50% of all property deals with foreign citizens.
Foreign citizens in the US should apply to the Department of State, Immigration and Naturalization Service of the Department of Justice and Department of Labour for citizenship and residence permits.
Real estate investment funds have an influential impact on property markets around the world. In this article, Tranio expert Yulia Kozhevnikova explains how they work.