Istanbul. Investment Opportunities for Overseas Property Investors
|
|
- Bertram Holt
- 7 years ago
- Views:
Transcription
1 ANGLO TURKISH LAW Istanbul Investment Opportunities for Overseas Property Investors Not everybody may be able to afford a waterside villa on the Bosphorus, but there are still good bargains to be found in the Istanbul property market 1
2 Background Although Ankara is the official capital of Turkey, the business and commercial centre is Istanbul. With a population of 12.5 million people, Istanbul is Turkey s largest city. The population of the Ankara is only 3.9 million. Istanbul now accounts for 20% of Turkey s population compared to only 5% in With two international airports, Istanbul hosted more than 7 million tourists in The city covers an area in excess of 700 square miles. The Turkish stock exchange is located in the city and the Turkish central bank is scheduled to move there from Ankara, underlying Istanbul s status as a leading national and regional financial centre. The city is a major centre of affluence and wealth creation in Turkey. It is the largest economy in Turkey. An OECD policy brief published in 2008 established that the city s economy accounted for nearly 27% of national GDP, 38% of Turkey s industrial output and generated more than 40% of national tax revenues. The city s GDP per capita exceeds the national average by more than 70%. In a report entitled "Largest city economies in the world in 2005 and 2020" produced in 2007, international accountancy firm of Pricewaterhouse Coopers predicted that Istanbul s GDP which was $133 billion in 2005 would rise to $287 billion by The historic Grand Bazaar dating from 1461 is the oldest surviving shopping area in Istanbul. The first modern shopping mall in Istanbul appeared only in There are currently 52 shopping malls in the city with a further 15 planned. The Cevahir mall opened in 2005 comprising 343 shops on a gross area of 420,000 sqaure metres, is the largest shopping mall in Europe. The formula 1 grand prix race track situated on the Asian side of the city close to the Sabiha Gökçen International airport has made Istanbul part of the formula 1 circuit. Each year thousands of visitors come to the city for the grand prix. The Greater Istanbul municipality has undertaken a massive programme of infrastructure upgrading in recent years. In 2007 the municipality received a loan of $322 million from the World Bank to help in this upgrading process. One of the results of this programme has been the development of an integrated public transport system which uses metrobuses, light railway system and modern technology sea transport. Istanbul has been designated as the European Capital of Culture in When Liverpool, a much smaller city won the award in 2008, it created 2 billion of investment in infrastructure, 14,000 new jobs and generated in excess of 200 million in tourism revenues. Given Istanbul s size and prime location as an international tourism centre, the city is set to exceed those figures. Possibly Istanbul s greatest asset is its unique social and cultural blend of east and west. Located on two continents (Europe and Asia) the city combines the traditions of the middle east with a thriving western culture which makes the city both exciting and comfortable to the millions of tourists visiting the city each year. 2
3 Istanbul, financial hub and modern metropolis The Property Market Istanbul is increasingly being targetted by overseas investors for both commercial and residential property. International property developer Donald Trump is making a major investment with his Trump Towers being constructed in the centre of the city on a site of 23,000 square metres. The development is scheduled for completion in In 2007 the international accountancy firm of Pricewaterhouse Coopers together with the Urban Land Institute, identified the Istanbul property market as one of the top performers for growth and capital appreciation. Currently Istanbul ranks only after Moscow as the leading market for real estate investment. Despite the global downturn in property markets, the Istanbul property market continues to be bouyant. Mortgage finance is relatively new in Turkey so that the Turkish market is not burdened with the same degree of bad lending problems which have beset many other housing markets. It is estimated that housing loans account for only 5% of total consumer debt in Turkey compared with an average for EU countries of 50%. Not only is new housing being provided to meet the needs of Istanbul s ever increasing population but new construction is replacing older housing built in the last fifty years. Turkish contractors have established a record both internationally and in Turkey for high quality construction projects. This combined with the increasing wealth of Istanbul and its population has fuelled a demand for new housing of international quality to replace older housing and the shanty town areas of Istanbul. 3
4 With an average annual population growth of 3.5% the city population currently expands by 420,000 people each year. This creates an automatic demand for more housing. The effect of the global financial crunch on the Istanbul property market has been contradictory. As mentioned above, the effect of bad mortgage lending has been minimal. In so far that house prices in Istanbul have been affected by global forces, it is older properties located in the more traditional areas of the city that are seeing their market value drop. Depending upon the district in the city, some estate agents are reporting a drop of up to 30% in the sales prices of these types of property. However prices of new and off-plan properties located in the suburbs of the city are seeing impressive gains in terms of capital appreciation. A major off-plan development on the European side of the city in the Büyükçekmeçe area has seen unit prices increase by as much as 36% over the past twelve months. It is these types of property in Istanbul which are being targetted by overseas investors. Rental Potential Istanbul is home to 17 universities, 7 state run and 17 private. A substantial proportion of Turkey s student population is therefore located in Istanbul. Many students from wealthy families in central Turkey can afford good quality accomodation which is now coming onstream with the recent boom in housing construction. Due to heavy foreign investment in Turkey, increasing numbers of overseas company executives are coming to Turkey on a short to medium term basis. There is a marked preference amongst these people to live in rented apartments rather than hotels. This is particularly true on the Asian side of Istanbul where there is a shortage of 5 start hotels. Reasons To Invest in Istanbul Property Competitive pricing. Relatively cheap labour costs combined with good quality building standards mean that Istanbul properties are very competitively priced in relation to alternative regional markets. Low risk. The fact that modern mortgage finance has only been available in Turkey over the past five years means that bad lending on property has not yet had time to develop in the property finance sector. Easy payment plans. Both on off-plan and completed property developments it is possible to find payment plans that can spread the cost of purchasing over a period typically from 12 months to 24 months. Many Turkish developers are flexible in arranging a payment plan to meet the needs of the individual buyer. Mortgage finance. It is now possible to raise overseas mortgage finance to fund the purchase of properties in Turkey including Istanbul. Many overseas mortgage lenders are happy to lend against security taken on the property which is being purchased in turkey. This reflects the confidence of overseas investors in the Turkish property market. Capital appreciation. Recent years have seen substantial capital appreciation in the Istanbul property market. As in most cities the rate of capital appreciation has not been even, property price increases have varied from development to development and district to district. New residential developments have however almost universally been a sound investment with annual increases in property values ranging between 20% and 40%. Rental opportunities. Additional to the potential for capital appreciation there is also scope for rental income to supplement investment returns. The rental market has been discussed above. 4
5 Property records transparency. The Turkish system of property registration is very transparent. It is easy to establish proof of ownership and title to property from searches made at the local Land Registry offices. Obstacles to title deed transfer such as court orders and debt will appear on the official register. Alongside the growth of a modern high tech metropolis, the allure of tradition makes Istanbul a unique and fascinating city Pricing Issues A report issued by Global Property Guide in 2008 revealed a unique feature of the Istanbul housing market from a pricing perspective. The report confirmed that on average for a 120 square metre property, the average sale price of $1,867 per square metre made Istanbul the cheapest for property prices of 40 European locations. However on the same type properties, the average rental of $1,507 per square metre ranked the city 28th most expensive for rents out of the same 40 locations. Relatively cheap prices coupled with high rental income make Istanbul a favourite for overseas real estate investors. In terms of regional alternatives for property investors, the principal attraction is the Dubai property market. Istanbul compares favourably both in terms of prices and price trends. According to Colliers International, the global real estate consultancy in a report produced in April 2009, the average price per square metre of residential property in 5
6 Dubai was $3,055. This compares very favourably with the corresponding figure for Istanbul quoted above. Just as significantly the Dubai property market is witnessing a sharp fall in residential property prices. The price of $3,055 per square metre for the first quarter 2009 is down from $5,277 per square metre for the first quarter This is a drop of 42% in Dubai property prices calculated on a year on year basis. A typical residential development in Istanbul s suburbs Conclusion The Istanbul property market offers overseas investors a very favourable combination of investment factors. Low risk, good levels of capital appreciation and the possibility of high rental income compare very well with other regional alternatives. Given the comparatively low level of investment returns elsewhere, the Istanbul property market offers good returns to the overseas investor. Kevin Hood Independent Legal Consultant BA (Law) Leeds Website : info@angloturkishlaw.com May, 2009 Note : This report is intended to provide general information on the Istanbul property market. It does not endorse any particular development or project. All information used in this report has been taken from public sources and is believed to be accurate. 6
DUBAI HOUSE PRICE INDEX REPORT FIRST QUARTER 2013. Accelerating success.
DUBAI HOUSE PRICE INDEX REPORT FIRST QUARTER 13 Accelerating success. HOUSE PRICE INDEX Q1 13 DUBAI TABLE OF CONTENTS Executive Summary 3 Dubai Overall House Price Index 4 Alternative Analysis 6 Apartment
More informationQ2 2015. Dubai Real Estate Market Overview
Q2 2015 Dubai Real Estate Market Overview Dubai Market Summary Dubai s real estate market saw little change in the second quarter, with the slowdown in performance across all asset classes continuing,
More informationHEALTHCARE AND HEALTHCARE EQUIPMENTS
HEALTHCARE AND HEALTHCARE EQUIPMENTS With the coming into force of the much-sought Social Security and General Health Insurance Law as of 2007, private hospitals are under construction all over the country
More informationINVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008
INVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008 BANYAN TREE VILLAS, APARTMENTS AND HOTEL, TÜRKBÜKÜ BODRUM Banyan Tree Turkbuku represents an opportunity to acquire
More informationAntonis Loizou & Associates. The status of the Cyprus real estate market
Antonis Loizou & Associates The status of the Cyprus real estate market 1 1.0 Antonis Loizou & Associates Services & Coverage Profile Antonis Loizou & Associates was established in 1980. The company is
More information2014 ASIA PACIFIC OUTLOOK. China still led the economic growth in 2013 with the Philippines at second. Source: Jones Lang La Salle
2014 ASIA PACIFIC OUTLOOK China still led the economic growth in 2013 with the Philippines at second. Source: Jones Lang La Salle 2014 MAKATI RESIDENTIAL MARKET CBD.BONIFACIO GLOBAL CITY.ORTIGAS Rank 4
More informationSaudi mortgage laws A formula for a wellfunctioning
Saudi mortgage laws A formula for a wellfunctioning market? Introduction and background Over the last five years the Government of Saudi Arabia has continued to invest considerable amounts of oil revenue
More information10/14/2015 HOW DID WE GET HERE? Breaking the Cycle of Disinvestment Downtown
Breaking the Cycle of Disinvestment Downtown OEDA 10/20/2015 heritageohio.org THE KEY TO DOWNTOWN DEVELOPMENT IS TO INTERRUPT THE CYCLE OF DISINVESTMENT AND CREATE ECONOMICALLY VIABLE BUILDINGS. HOW DID
More informationLicensed by the California Department of Corporations as an Investment Advisor Investment Newsletter May 2006
Licensed by the California Department of Corporations as an Investment Advisor Thailand: Focus on Koh Samui This is the fifth (!) newsletter in my series on Thailand. Prior installments (October to December
More informationCITY DEVELOPMENTS LIMITED
Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer * Company Registration No. Announcement submitted on behalf of Announcement is submitted with respect to * Announcement
More informationImpact of Global Financial Crisis on International Investments in Real Estate. -- Focus on China
Impact of Global Financial Crisis on International Investments in Real Estate -- Focus on China Main Topics: Overview of Real Estate Investment System in China New Laws and Regulations in Response to Global
More informationMacau: Asia s Las Vegas. The "City with Most Economic Potential in 2006 according to Foreign Direct Investment
Macau: Asia s Las Vegas The "City with Most Economic Potential in 2006 according to Foreign Direct Investment Introduction to MACAU Strategically located near Hong Kong and Shenzhen, in the fast growing
More informationSpotlight Key Themes for UK Real Estate in 2015
Savills World Research Commercial, Residential & Rural Spotlight Key Themes for UK Real Estate in 2015 savills.co.uk/research Spotlight Key Themes for UK Real Estate 2015 THE UK REAL ESTATE MARKET IN 2015
More informationAcquisition of property for business purposes by a non-citizen investor
BOARD OF INVESTMENT Guidelines Acquisition of property for business purposes by a non-citizen investor Board of Investment (2015) 10 th Floor, One Cathedral Square Building 16 Jules Koenig Street Port
More informationFINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES
FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES INTRODUCTION This booklet will provide you with information on the importance of understanding ways in which Collective Investment Schemes ( CIS )
More informationHouses into Homes Empty Property Loan Scheme. Georgina Wayman Environmental Health Officer Private Sector Housing
Houses into Homes Empty Property Loan Scheme Georgina Wayman Environmental Health Officer Private Sector Housing Houses into Homes Loan Scheme In 2012, Welsh Government committed a 10 million recyclable
More informationWhy Cash-Flow Positive Property Is Essential To Building Your Property Portfolio
Why Cash-Flow Positive Property Is Essential To Building Your Property Portfolio Contents 1. Letter from the CEO: 3 2. Introduction 4 3. What are cash flow positive properties? 5 4. Why it s important
More informationQ3 2015. Cairo Real Estate Market Overview
Cairo Real Estate Market Overview Cairo Market Summary All sectors of the Cairo real estate market exhibited positive performance and improved sentiment during, with the office market signaling the most
More informationSub-Sahara Capital African Real Estate Update July 2015. Our view:
Sub-Sahara Capital African Real Estate Update July 2015 Our view: Real estate is one of the best ways to benefit from two powerful African trends, population growth and urbanization. Between 2010 and 2025
More informationMULTI-FAMILY LOAN OVERVIEW
MULTI-FAMILY LOAN OVERVIEW A BORROWER S GUIDE MULTI-FAMILY LOAN OVERVIEW GUIDE Multi-Family Mortgage Underwriting Guidelines and Process Commercial financing for multi-family properties is underwritten
More informationLand Advisory Group Specialized Real Estate Services
COLLIERS INTERNATIONAL Land Advisory Group Specialized Real Estate Services Accelerating success. Colliers International Land Advisory Group P. 1 This document has been prepared by Colliers International
More informationFindings: City of Tshwane
Findings: City of Tshwane What s inside High-level Market Overview Housing Performance Index Affordability and the Housing Gap Leveraging Equity Understanding Housing Markets in Tshwane, South Africa High-level
More informationG e t S t a r t e d o n Y o u r f i n a n c e s
M o r t g a g e N e w s l e t t e r W e l c o m e To this newsletter, which covers some of the key issues of the moment that affect mortgages and mortgage related products, and sets out how it may help
More informationWhat Is the Total Public Spending on Education?
What Is the Total Public Spending on Education? Indicator On average, OECD countries devote 12.9% of total public expenditure to, but values for individual countries range from less than 10% in the Czech
More informationOutlook for Australian Property Markets 2010-2012. Perth
Outlook for Australian Property Markets 2010-2012 Perth Outlook for Australian Property Markets 2010-2012 Perth residential Population growth expected to remain at above average levels through to 2012
More informationTURKISH CONTRACTING IN THE INTERNATIONAL MARKET
Brief overview TURKISH CONTRACTING IN THE INTERNATIONAL MARKET Construction plays a crucial role in Turkey s economic development, accounting for 5.9% of GDP and employing some 1.8 million people. When
More information4. Why Choose Dubai as Investment Location. 5. Reasons For Doing Business in Dubai. 6. Setting up a Business in Dubai
1. Introduction to Fasttrack Business Center 2. About Dubai 3. Dubai Economy 4. Why Choose Dubai as Investment Location 5. Reasons For Doing Business in Dubai 6. Setting up a Business in Dubai 7. Visa
More informationFrequently Asked Tax Questions for Homeowners, Buyers, Sellers
Frequently Asked Tax Questions for Homeowners, Buyers, Sellers August 2011 1. Homestead Exemption What is the Homestead Exemption, and how do I apply for it? Louisiana law provides an exemption from parish
More informationReal Estate Property Tax in Israel and Tax Incentives for Foreign Direct Investors Investing in Israel By Amit Ben-Yehoshua, Attorney at Law
Real Estate Property Tax in Israel and Tax Incentives for Foreign Direct Investors Investing in Israel By Amit Ben-Yehoshua, Attorney at Law China and Israel Israel and China, greatly differ in size and
More informationYour property questions answered
Your property questions answered I'm 34 and I have $150,000 I would like to invest in an investment property. Should I put the $150,000 into my home loan and draw down as an interest-only equity loan to
More informationGUIDETHE. first home buyers GOLDEN RULES. Finding the right home loan. GRANTS, CONCESSIONS, LOAN TYPES, LMI & much more.
first home buyers GUIDETHE GOLDEN RULES GRANTS, CONCESSIONS, LOAN TYPES, LMI & much more Finding the right home loan Compliments of Let s Finance First Home Buyers Guide 1 Congratulations! You ve just
More informationINVESTMENT AND LEASING OPPORTUNITIES AT MASDAR CITY
INVESTMENT AND LEASING OPPORTUNITIES AT MASDAR CITY A PIONEERING HUB OF KNOWLEDGE AND COMMERCE MASDAR CITY CREATES AN ECOSYSTEM OF INNOVATION BY CONNECTING EDUCATION, RESEARCH AND BUSINESS IN A MUTUALLY
More informationMaking Homes Affordable Labour s Plan for Housing
Making Homes Affordable Labour s Plan for Housing Labour Making Homes Affordable.indd 1 10/02/2016 15:47 Every person should have access to good quality, secure, affordable housing, appropriate to their
More informationLondon calling: Investing in commercial real estate
London calling: Investing in commercial real estate London s thriving real estate market is offering private equity and sovereign wealth funds new and diverse opportunities Capital attraction for global
More informationHouse prices in London rise by 7%
What the papers say House prices in London rise by 7% 2nd January 2013 House prices in London rose by 7% in the year to the end of October, far outstripping increases elsewhere. The Land Registry figures
More information1.2 DEVELOPMENTS AND PROSPECTS IN THE REAL ESTATE MARKET
This is the English translation of the Monetary Policy 2011-2012, originally published in Greek (in March 2012). 1.2 DEVELOPMENTS AND PROSPECTS IN THE REAL ESTATE MARKET The Greek real estate market continues
More informationACTS, 1983. - Chap. 527.
sis of salaries for the same or similar types of positions paid by other governments and by private employers with which the commonwealth must compete in securing qualified applicants for such positions.
More informationGLOBAL TOURISM - Geography Explained Fact Sheet
Billion (US$) GLOBAL TOURISM - Geography Explained Fact Sheet Introduction With almost all the leading tourist destination countries having reported their international tourism receipts for 2006, the WTO
More informationInvestments. To meet your financial goals you will need a plan. Part of this plan is to create a portfolio.
Investments To meet your financial goals you will need a plan. Part of this plan is to create a portfolio. This portfolio reflects what type of risk you are willing to accept. Within this portfolio, you
More informationOutlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting
Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10
More informationIt is with great pleasure that I address you here today. I would like to. thank Luis for providing this opportunity. The subject that I will discuss
Ladies and gentlemen, It is with great pleasure that I address you here today. I would like to thank Luis for providing this opportunity. The subject that I will discuss today, is recovery and reform.
More informationMiddle East Private Practice Market & Salary Review 2012. taylorroot.com
Middle East Private Practice Market & Salary Review 2012 Middle East Private Practice Market & Salary Review 2012 Introduction We are delighted to present our market review of the Middle East private practice
More informationResearch paper London property market snapshot JULY 2015
Research paper London property market snapshot JULY 2015 UK economy The average asking price increased by 3pc between May and June as buyers and sellers reacted to the vote. There was a major surprise
More informationCommercial Property Market Report Riga
Commercial Property Market Report Riga 2 nd quarter 2014 Commercial Property Market Report, 2nd quarter 2014. LATIO Market Research Department. Data publishing without a reference to the source is forbidden!
More informationTHE URBAN DEVELOPMENT CONSULTING MARKET IN CHINA. Yu Li Centre of International Co-operation and Training, People s Republic of China *
THE URBAN DEVELOPMENT CONSULTING MARKET IN CHINA Yu Li Centre of International Co-operation and Training, People s Republic of China * Introduction The economic development of China has experienced rapid
More informationCity focus Manchester: A city of first time buyers
City focus : Executive summary A higher proportion of mortgage lending in goes to first time buyers than in any other English city outside London, with half of all mortgages going to first time buyers.
More informationFrozen Capital in Industry
White Paper Frozen Capital in Industry A Research Report from Siemens Financial Services April 2010 A white paper issued by: Siemens Financial Services. Siemens AG 2010. All rights reserved. Contents Management
More informationChapter 25. Istanbul: A Primate City Throughout History
Page 368 Chapter 25 Istanbul: A Primate City Throughout History 25.1 Introduction Meryem lives in Istanbul, the largest city in Turkey. It is early morning. She is riding a ferryboat to get to work. The
More informationChapter XI LAND MANAGEMENT AND REAL PROPERTY MARKET DEVELOPMENT
Chapter XI LAND MANAGEMENT AND REAL PROPERTY MARKET DEVELOPMENT Housing policy cannot be seen independent from the availability of land. This chapter therefore gives an overview of recent developments
More informationREAL ESTATE CERTIFICATE PROGRAM
NATIONAL INSTITUTE OF VALUATION VALUATION AND PROPERTY SERVICES DEPARMENT MINISTRY OF FINANCE MALAYSIA REAL ESTATE CERTIFICATE PROGRAM CERTIFICATE IN REAL ESTATE VALUATION C ertificate in Real Estate Valuation
More informationInvestment builds across Europe while emerging markets remain downbeat
Economics Q4 2015: Global Commercial Property Monitor Investment builds across Europe while emerging markets remain downbeat Investor confidence rises across several European markets with and now frontrunners
More informationQ3 2014. Dubai Real Estate Market Overview
Q3 2014 Dubai Real Estate Market Overview Dubai Market Summary The Dubai real estate market saw a welcome levelling-off during the summer months. The broad based recovery witnessed in the residential sector
More informationHome loan affordability report
Home loan affordability report Joint Quarterly Survey No. 89. ember Quarter Low affordability challenges Gen X, Y Home loan affordability has taken another beating as the proportion of family income required
More informationSHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work?
SHARED OWNERSHIP LEASES What is shared ownership leasehold and how does it work? Contents Purpose of this leaflet... 3 What is leasehold... 3 What is a shared ownership lease... 3 What are the differences
More informationCHAPTER 7 LAND, BUILDINGS AND CONDOMINIUMS
CHAPTER 7 LAND, BUILDINGS AND CONDOMINIUMS In this chapter, the principles of Thai land law are discussed, and the rules regarding foreign ownership of land, buildings and condominiums in Thailand. Land
More informationComplete Guide to Reverse Mortgages
Complete Guide to Reverse Mortgages Contents I. What Is a Reverse Mortgage? 2 Reasons for taking out a reverse mortgage 2 Differences between reverse and traditional mortgages 2 II. Where to Get Reverse
More informationCOMMERCIAL LOAN OVERVIEW
COMMERCIAL LOAN OVERVIEW A BORROWER S GUIDE COMMERCIAL LOAN OVERVIEW GUIDE Commercial Mortgage Underwriting Guidelines and Process Commercial financing for commercial properties is underwritten on a case
More informationDemystifying the Chinese Housing Boom
Demystifying the Chinese Housing Boom Hanming Fang University of Pennsylvania & NBER Paper presented at the International Symposium on Housing and Financial Stability in China. Hosted by the Chinese University
More informationêéëé~êåü=üáöüäáöüí House Prices, Borrowing Against Home Equity, and Consumer Expenditures lîéêîáéï eçìëé=éêáåéë=~åç=äçêêçïáåö ~Ö~áåëí=ÜçãÉ=Éèìáíó
êéëé~êåü=üáöüäáöüí January 2004 Socio-economic Series 04-006 House Prices, Borrowing Against Home Equity, and Consumer Expenditures lîéêîáéï The focus of the study is to examine the link between house
More informationDOING BUSINESS IN AZERBAIJAN
DOING BUSINESS IN AZERBAIJAN CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 6 4 Setting up a Business 7 5 Labour 8 6 Taxation 9 7 Accounting & reporting 11 8 UHY Representation
More informationPositioning Commercial Property in the Australian Investment Market
Positioning Commercial Property in the Australian Investment Market By Dr. David M. Higgins University of Technology, Sydney Po Box K718, Haymarket NSW 1240, Australia Contact details Phone: (61) 2 9514
More informationVendor Finance. Huonville: 8/16 Main St, Huonville 7109 DX 70754, Huonville PO Box 239, Huonville 7109 Ph: 03 6264 2967
Vendor Finance Huonville: 8/16 Main St, Huonville 7109 DX 70754, Huonville PO Box 239, Huonville 7109 Ph: 03 6264 2967 Hobart: Level 1, 18 Elizabeth St, Hobart 7000 DX 231, Hobart GPO Box 16, Hobart 7001
More informationReal Estate Clients. For more information on HSH Nordbank Hypo s business, please refer to pages 58 and 59.
31 Real Estate Clients HSH Nordbank is one of the most sought-after providers of finance on the German real estate market. Backed by our extensive specialist skills in financial services for all aspects
More informationMortgage Distribution Channels: Estimates of lending
Mortgage Distribution Channels: Estimates of lending Dean Garratt, Economist, Council of Mortgage Lenders Deregulation and technological advancement have contributed to a multi-channel approach. The competitiveness
More informationAn Analysis of the Bubble in the Shanghai Housing Market
Department of Real Estate and Construction Management Division of Building and Real Estate Economic. Royal Institute of Technology Master of Science Thesis 397 An Analysis of the Bubble in the Shanghai
More informationSENATE BILL 465. 3lr2733 CF HB 522 A BILL ENTITLED. Refinancing of First Mortgage Loans Subordination
I SENATE BILL By: Senator Klausmeier Introduced and read first time: January 0, Assigned to: Judicial Proceedings and Finance lr CF HB A BILL ENTITLED AN ACT concerning Refinancing of First Mortgage Loans
More informationOverview of the regulation and the management of housing policies (Opportunities to use private rental stock for social purpose?
Overview of the regulation and the management of housing policies (Opportunities to use private rental stock for social purpose?) ESTONIA Ave Hussar, mag iur University of Tartu Faculty of Law Emerging
More informationGlobal conglomerate China Sonangol buys 15 million OKP Holdings shares; move prepares ground for future business collaboration
China Sonangol International (S) Pte Ltd No. 6 Tagore Drive 9 Temasek Boulevard #42-01 #B1-06 Tagore Building #42-01, Suntec Tower 2 Singapore 787623 Singapore 038989 Tel: (65) 6456 7667 Tel: (65) 6808
More informationSecured loans - A guide
Secured loans - A guide WHAT IS A SECURED LOAN? A secured loan is a loan in which the borrower pledges some asset such as a car or property as collateral for the loan, which then becomes a secured debt
More informationTHE INCREASING IMPORTANCE OF BRANDED RESIDENCES
MAY 2014 THE INCREASING IMPORTANCE OF BRANDED RESIDENCES Lucy Payne Consultant & Valuation Analyst Arlett Oehmichen, MRICS Director www.hvs.com HVS London 7 10 Chandos Street, London W1G 9DQ Following
More informationNATIONAL INTERACTIVE STUDY GROUP UNIT 8 QUESTIONS
NATIONAL INTERACTIVE STUDY GROUP UNIT 8 QUESTIONS National Interactive Study Group 2 SESSION 8 JOHN MATHIS Notes for Tonight 1. To MUTE your phone line use *6 2. To UNMUTE your phone line use #6 3. Chat
More informationThe Gateway Temple City
The Gateway Temple City California Pacific Group Regional Center (CPG-RC) has been designated as Regional Center by the United States Citizenship and Immigration Services. (See exhibit A ) We assist foreign
More informationArticle: Main results from the Wealth and Assets Survey: July 2012 to June 2014
Article: Main results from the Wealth and Assets Survey: July 2012 to June 2014 Coverage: GB Date: 18 December 2015 Geographical Area: Region Theme: Economy Main points In July 2012 to June 2014: aggregate
More informationSOME ANSWERS AND COMMENTS ON THE TEXT DISCUSSION QUESTIONS
CHAPER 11: ES BANK SOME ANSWERS AND COMMENS ON HE EX DISCUSSION QUESIONS 1. he family s income, the family s debt, and the family s having cash for the down payment and closing costs. he most common reason
More informationProperty Investment Philosophies
Property Investment Philosophies Introduction JHP Advisory Group / Established in 1980 / JHG clients have invested in excess of $4.5 billion in direct property / Recommends property investment in Melbourne,
More informationhong kong offi ce Latitude N 22 16' 42" Longitude E 114 9 32"
hong kong offi ce 22 Latitude N 22 16' 42" Longitude E 114 9 32" Hong Kong Luxembourg, your entry point to Europe Ideally situated at the cross-roads between France, Belgium and Germany, Luxembourg is
More informationResidential Market Report
Residential Market Report Madrid City and the Metropolitan Area of Madrid A g u i r r e N e w m a n June 2014 A G E N D A 01 02 03 04 INTRODUCTION AND METHODOLOGY GEOGRAPHIC DISTRIBUTION CONCLUSIONS OF
More informationSelf Managed Superannuation Funds
Self Managed Superannuation Funds You have as much choice and control over an investment property using your superannuation funds as you would by investing personally Self Managed Superannuation Funds
More informationPaying for the costs of major works to your property
Paying for the costs of major works to your property Introduction We are responsible for thousands of homes and are committed to keeping those homes in a good state of repair. This means that from time
More informationSELF STORAGE INVESTMENTS WWW.LDAG.NET +44 (0) 871 218 0888 INFO@LDAG.NET +41 417 201 555
SELF STORAGE INVESTMENTS INTRODUCTION We would like to introduce the first affordable self storage commercial property investment to be released into the UK. An opportunity to invest in a self storage
More informationThe Business Credit Index
The Business Credit Index April 8 Published by the Credit Management Research Centre, Leeds University Business School April 8 1 April 8 THE BUSINESS CREDIT INDEX During the last ten years the Credit Management
More informationDevelopment of consumer credit in China
Development of consumer credit in China Shen Bingxi and Yan Lijuan 1 Summary Consumer credit particularly personal consumer loans such as home mortgages and loans financing purchases of automobiles and
More informationUnder embargo for 00:01 hours: Monday, 20th July 2015 Smaller properties buck the summer slowdown
Under embargo for 00:01 hours: Monday, 20th Smaller properties buck the summer slowdown Marginal 0.2% (+ 1,193) rise in London s new seller asking prices The only property size in the capital showing an
More informationApplication For Housing Rehabilitation Assistance Stellar Communities Program
Application For Housing Rehabilitation Assistance Stellar Communities Program Forgivable Loans Northeast Indiana Housing Partnership, Inc. 217 Fairview Boulevard Kendallville, IN 46755 (260) 347-4714 (260)
More informationSurvey Analysis. 2014 MENA Investor Sentiment Survey
Survey Analysis 2014 MENA Investor Sentiment Survey Join the discussion on Twitter @JLLMENA KEY FINDINGS AN INITIAL WORD Welcome to JLL s 9 th Real Estate Investor Sentiment Survey. INVESTOR INTENTIONS
More informationA Consumer s Guide to Title Insurance. Developed by the Michigan Land Title Association
A Consumer s Guide to Title Insurance Developed by the Michigan Land Title Association Why do you Need Title Insurance? Buying a home is the single largest investment most people will ever make. Title
More informationShort-Term Rentals and Impact on the Apartment Market
Short-Term Rentals and Impact on the Apartment Market October 2013 by: Kenneth T. Rosen Randall Sakamoto David Bank Rosen Consulting Group 1995 University Avenue Suite 550 Berkeley, CA 94704 510 549-4510
More informationReal Estate in the Real Economy
Real Estate in the Real Economy Supporting growth, jobs and sustainability Real estate, as a general term, describes the built environment, which plays a vital role in every aspect of the European economy,
More informationEUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES
EUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES 1 Over the past months, the expansion of Gulf airlines in particular Emirates, Etihad Airways and Qatar Airways into the North American
More informationGLASGOW S INTERNATIONAL FINANCIAL SERVICES DISTRICT
GLASGOW S INTERNATIONAL FINANCIAL SERVICES DISTRICT an introduction to IFSD Glasgow s International Financial Services District (IFSD) is a purpose built centre of excellence for financial companies. Since
More informationReport on Mortgage Loans Statistics, October 2014 March 2015
Report on Mortgage Loans Statistics, October 2014 March 2015 Research and Statistics Department Monetary Authority of Macao 1. New Approvals of Residential Mortgage Loans On an annual basis, new approvals
More informationHelp to Buy Buyers Guide
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second
More informationEUROPEAN REAL ESTATE INVESTOR INTENTIONS
EMEA CBRE www.cbre.com/research MARCH 2014 EUROPEAN REAL ESTATE INVESTOR INTENTIONS 2014 by Dr Peter Damesick, Chairman, EMEA Research EXECUTIVE SUMMARY There were 387 respondents to the 2014 CBRE online
More informationHOME LOAN? YOU CAN. by John Adams, for Fox5 GOOD DAY ATLANTA
SPECIAL REPORT: TURNED DOWN FOR HOME LOAN? YOU CAN STILL BUY A HOUSE! by John Adams, for Fox5 GOOD DAY ATLANTA If you are renting and happy, then this column is not for you. But if you ve tried to buy
More informationQueen Elizabeth Olympic Park
Queen Elizabeth Olympic Park London s New Horizon London s most exciting development opportunity in a generation 1 7 4 2 5 8 3 6 9 Image courtesy of Rail images 9 8 5 7 2 6 4 1. Canary Wharf 2. London
More informationThe South Gloucestershire Home Energy Loan. A simple ten step guide to help you apply...
The South Gloucestershire Home Energy Loan A simple ten step guide to help you apply... The South Gloucestershire Home Energy Loan The South Gloucestershire Home Energy Loan is a new initiative which offers
More informationHelp to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 What is Help to Buy? Help to Buy is equity loan assistance to home buyers from the Homes
More informationHome Buyer Self Pre-Qualification Workbook
Home Buyer Self Pre-Qualification Workbook Bethel Community Development Corporation Bethel Community Development Corporation 1525 Michigan Avenue Buffalo, NY 14209 (716) 886-1650, ext 225 Fax: (716) 886-2311
More informationCare Home Fees: Paying them in Scotland
Guide Guide 52 Care Home Fees: Paying them in Scotland Living in a care home can be expensive. Some people are able to pay their own care home fees, but others may need financial support from their local
More informationTips for Investing in Onshore Bonds
Investing in onshore bonds Open up your options with our Tailored Investment Bond Before you decide to buy, you need to know what the risks and commitments are. Read our key features document (TNB17).
More information