How to Make Money on Investments into Residential Real Estate? No Quick n Easy Solutions

Size: px
Start display at page:

Download "How to Make Money on Investments into Residential Real Estate? No Quick n Easy Solutions"

Transcription

1 How to Make Money on Investments into Residential Real Estate? No Quick n Easy Solutions AmCham October 14, 2015

2 Contents Czech residential market in European context Prague and other cities Asking price x Transaction Price Price Development Making money on residential RE investment 2015 Deloitte Česká republika 2

3 Czech residential market in European context Transaction Price Average Transaction Price of the New Dwelling (EUR/ sq.m) RU HU PT PL CZ ES DE* BE IT AT IE FR UK Source: National Statistical Authorities, Deloitte data calculations

4 Budapest Székesfehérvár Warsaw Krakow Moscow St.-Petersburg Prague Brno Ostrava Berlin Munich Frankfurt Dublin Vienna Linz Madrid Barcelona Brussels Antwerp Milan Rome London (CBD)*** Outer London Lisbon Porto Paris (CBD) Marseille Czech residential market in European context Transaction Price Average Transaction Price of a New Dwelling EUR/ sq.m HU PL RU CZ DE* IE AT ES BE IT UK PT** FR Source: National Statistical Authorities, Deloitte data calculations * bid price, ** older dwellings

5 Budapest Székesfehérvár Warsaw Krakow Moscow St.-Petersburg Prague Brno Ostrava Berlin Munich Frankfurt Dublin Vienna Linz Madrid Barcelona Brussels Antwerp Milan Rome London (CBD)*** Outer London Lisbon Porto Paris (CBD) Marseille Czech residential market in European context Transaction Price 450% 400% 350% 300% 250% 200% 150% 100% 50% 0% Comparison of the Main Cities to the Country Average (country average = 100%), 2014 HU PL RU CZ DE* IE AT ES BE IT UK PT** FR Source: National Statistical Authorities, Deloitte data calculations * bid price, ** older dwellings 5

6 Czech residential market in European context Transaction Price 12,0 Affordability of Own Housing Gross annual salaries for the standardized new dwelling (70 m2), ,0 8,0 6,0 4,0 2,0 0,0 BE DE* ES IE PT AT IT CZ PL HU FR RU UK Source: National Statistical Authorities, Deloitte data calculations * bid price 6

7 Prague and other cities Newly built apartments transaction prices CZK CZK CZK CZK CZK CZK CZK 0 CZK Praha Brno Ostrava Plzeň 7 Source: cenovamapa.org

8 Asking vs. Transaction Price Prague Price development, all segments, CZK CZK CZK CZK CZK CZK CZK 0 CZK Bid Prices 2014 Transaction Prices 8 Source: cenovamapa.org Transaction prices; Realitymix.cz Bid Prices

9 Asking vs. Transaction Price Brno Price development, all segments, CZK CZK CZK CZK CZK CZK CZK 0 CZK Bid Prices 2014 Transaction Prices 9 Source: cenovamapa.org Transaction prices; Realitymix.cz Bid Prices

10 Asking vs. Transaction Price České Budějovice Price development, all segments, CZK CZK CZK CZK CZK CZK CZK 0 CZK Bid Prices 2014 Transaction Prices 10 Source: cenovamapa.org Transaction prices; Realitymix.cz Bid Prices

11 Asking vs. Transaction Price Newly built apartments, Prague, CZK Prices Comparison according to Prague District CZK CZK CZK 0 CZK Transaction Prices Bid Prices CZK Prices comparison according to Apartment Type CZK CZK 0 CZK 11 Transaction Prices Bid Prices Source: cenovamapa.org

12 Transaction Price Development Newly built apartments selected project 2015 Deloitte Česká republika 12 Source: cenovamapa.org

13 Transaction Price Development Newly built apartments selected project 2015 Deloitte Česká republika 13 Source: cenovamapa.org

14 Making money on RE investment Transaction Price Changes - newly built apartments, Prague 5 Winners Previous market price (CZK) Previous sale date Average annual growth rate of prices for the last three years (%) 1,77 Actual market price (CZK) Actual sale date Change (%) Project BYTOVÝ DŮM BARRANDOV BYTOVÝ DŮM BARRANDOV KASKÁDY BARRANDOV III REZIDENCE U KŘÍŽE III REZIDENCE U KŘÍŽE III and those who have fallen down POD DÍVČÍMI HRADY KASKÁDY BARRANDOV II REZIDENČNÍ ČTVRŤ BOTANICA III KASKÁDY BARRANDOV III ARBOREUM 2015 Deloitte Česká republika 14 Source: cenovamapa.org

15 Contacts Deloitte Michal Melč, MRICS Tel.: Cenová mapa prodejních cen Petr Hána Tel.: Deloitte Česká republika 15

16 Mobile application Deloitte CZ Newsletters l Publications l Seminars l Alerts l Videos Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ( DTTL ), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as Deloitte Global ) does not provide services to clients. Please see for a more detailed description of DTTL and its member firms. Deloitte provides audit, tax, consulting, financial advisory and legal services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's more than 200,000 professionals are committed to becoming the standard of excellence. Deloitte Central Europe is a regional organization of entities organized under the umbrella of Deloitte Central Europe Holdings Limited, the member firm in Central Europe of Deloitte Touche Tohmatsu Limited. Services are provided by the subsidiaries and affiliates of Deloitte Central Europe Holdings Limited, which are separate and independent legal entities. The subsidiaries and affiliates of Deloitte Central Europe Holdings Limited are among the region s leading professional services firms, providing services through more than 4,700 people in 37 offices in 17 countries Deloitte Czech Republic

Deloitte Property Index 2015 - Overview of European residential markets Residential property prices increase

Deloitte Property Index 2015 - Overview of European residential markets Residential property prices increase Deloitte Property Index 215 - Overview of European residential markets Residential property prices increase Michal Melc Senior Manager Audit Deloitte 3 Deloitte s Property Index, an overview of European

More information

Property index Overview of European Residential Markets. European housing 2013

Property index Overview of European Residential Markets. European housing 2013 Property index Overview of European Residential Markets European housing 213 3 rd edition, June 214 Table of Contents Introduction...3 Economic Development in Europe...5 Residential Markets in Europe...6

More information

Property Index Overview of European Residential Markets. How do Europeans live, and for how much?

Property Index Overview of European Residential Markets. How do Europeans live, and for how much? Property Index Overview of European Residential Markets How do Europeans live, and for how much? May 2012 Table of Contents Introduction 3 Economic Development in Europe 4 Residential Markets in Europe

More information

Financing of Residential Real Estate Projects 4 th edition, June 2015. Property Index Overview of European Residential Markets

Financing of Residential Real Estate Projects 4 th edition, June 2015. Property Index Overview of European Residential Markets Property Index Overview of European Residential Markets Financing of Residential Real Estate Projects 4 th edition, June 215 Property Index Overview of European Residential Markets 1 Table of Contents

More information

Property Index Overview of European Residential Markets

Property Index Overview of European Residential Markets Property Index Overview of European Residential Markets What size of dwelling can people buy for EUR 200,000 5 th edition, July 2016 Introduction 3 Economic Development in Europe 6 Focus: What size of

More information

Office Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.

Office Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success. Office Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND EMEA Office Rents H2 212 NORWAY Oslo 38.3 5.4% 7.% 295, SWEDEN Stockholm 44.7 4.5% 3.% 5, Tallinn 13.4 44,2 21. 5.25% 1.% 12,

More information

Currency Risk Devaluation of local currencies and impact on leasing in the CEE Region

Currency Risk Devaluation of local currencies and impact on leasing in the CEE Region Currency Risk Devaluation of local currencies and impact on leasing in the CEE Region Leaseurope s 2009 Seminar for Lessors in Central, Eastern and South-Eastern Europe, Istanbul 2-3 April 2009 I. Overview

More information

www.schiphollogistics.nl START OFF AT The MOST STRATEGIC LOCATION

www.schiphollogistics.nl START OFF AT The MOST STRATEGIC LOCATION www.schiphollogistics.nl START OFF AT The MOST STRATEGIC LOCATION IN THE NeTHERlandS The most The business park Schiphol Logistics Park (SLP) is located just five minutes from the airport apron. SLP offers

More information

Household Energy Price Index for Europe. June 26th, 2015. June Prices Just Released

Household Energy Price Index for Europe. June 26th, 2015. June Prices Just Released Household Energy Price Index for Europe June 26th, 2015 June Prices Just Released The most up-to-date picture of European household electricity and gas prices: VaasaETT and two leading European energy

More information

Our law firm has won the prestige national award Law Firm of the Year 2013.

Our law firm has won the prestige national award Law Firm of the Year 2013. Our law firm has won the prestige national award Law Firm of the Year 2013. It was the first time such a competition has been held in Slovakia. It was organised jointly by the EPRAVO GROUP and Trend, the

More information

01/ 02/ 03/ 04/ 05/ Beyond borders Deloitte Discovery April 23 rd 2015 Cyprus 1 Going beyond borders to move our clients ahead Deloitte Discovery Services - Deloitte Legal 2 The Deloitte

More information

European office market recovery continues but at varying speeds

European office market recovery continues but at varying speeds The Jones Lang LaSalle Office Property Clock Q2 2013 European office market recovery continues but at varying speeds European Prime Office Rental Index continues upward trend Aggregate European leasing

More information

Case Igglo. Mikko Ranin 2.2.2010

Case Igglo. Mikko Ranin 2.2.2010 Case Igglo Mikko Ranin 2.2.2010 Content Igglo mission History How Oikotie Asunnot powered by Igglo works Real estate premarket House pages Activating the customer Earning logic Revenue streams Statistics

More information

Information Technology

Information Technology Information Technology www.cms-hs.com Our expertise in the IT sector Experience and industry knowledge you can rely on The information and communications age is witnessing the rapid emergence of new content

More information

EMEA Office MarketView

EMEA Office MarketView EMEA Office MarketView 2014 CBRE Global Research and Consulting EMEA PRIME YIELD 7.9 BPS EU-28 VACANCY RATE 0.02 PP EMEA PRIME RENT 0.3% EMEA CAPITAL VALUE 1.8% TAKE-UP 17% TAKE-UP STILL SUBDUED BUT SOME

More information

LARGE OFFICE SPACE Where to find 5,000 sq m in Europe

LARGE OFFICE SPACE Where to find 5,000 sq m in Europe EMEA Office July 2015 LARGE OFFICE SPACE Where to find 5,000 sq m in Europe HIGHLIGHTS The availability of large office premises has reduced by 12% year-on-year Choice is limited - only 19% of options

More information

Benchmarking study of electricity prices between Belgium and neighboring countries. Press Conference. April 2016

Benchmarking study of electricity prices between Belgium and neighboring countries. Press Conference. April 2016 Benchmarking study of electricity prices between Belgium and neighboring countries Press Conference April 2016 Benchmarking study of power prices in Belgium and surrounding countries Objectives and scope

More information

AOS STUDLEY OCCUPANCY COST INDEX

AOS STUDLEY OCCUPANCY COST INDEX AOS STUDLEY OCCUPANCY COST INDEX 2011 THE MEDIAN TOTAL COST PER WORKPLACE PER YEAR BRUSSELS, JUNE 13 TH, 2012 Agenda 1 Welcome 2 Who is AOS Studley? 3 The AOS Studley Occupancy Cost Index 4 2011 OCI figures

More information

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium Global commitment, central coordination, local delivery Doing business in Azerbaijan Vugar Mammadov, 14 October, Belgium Table of contents Taxation Customs Other issues Current trends 2015 Deloitte & Touche,

More information

Fact sheet DTZ Fair Value Index TM methodology

Fact sheet DTZ Fair Value Index TM methodology Fact sheet DTZ Fair Value Index TM methodology DTZ Fair Value Index TM launched to measure investor opportunity in world s commercial property markets First ever forward-looking commercial property value

More information

FURTHER CONTRACTION IN PRIME YIELDS ACROSS ALL SECTORS

FURTHER CONTRACTION IN PRIME YIELDS ACROSS ALL SECTORS EMEA Rents and Yields MarketView, Q4 2014 FURTHER CONTRACTION IN PRIME YIELDS ACROSS ALL SECTORS Rents Risers 23 Yields Fallers 59 Figure 1: CBRE EMEA YieldIndex Annual Change (BPS) 200.0 150.0 Retail

More information

Skanska Commercial Property Development. Stockholm New, Sweden

Skanska Commercial Property Development. Stockholm New, Sweden Skanska Commercial Property Development Stockholm New, Sweden Agenda Time Subject Speaker 08:30-09:00 Commercial Property Development in the Group Claes Larsson 09:00-10:00 Commercial Development Nordic

More information

EMEA Office MarketView

EMEA Office MarketView EMEA Office MarketView 20 CBRE Global Research and Consulting EMEA PRIME YIELD 7.6 BPS EU-27 VACANCY RATE 0.11 PP EMEA PRIME RENT 0.5% EMEA CAPITAL VALUE 1.9% TAKE-UP 9.6% EMEA OFFICE MARKETS SET FOR IMPROVEMENT

More information

Brand Ambassadors From pre-foundation to advanced recruitment process through Social Media

Brand Ambassadors From pre-foundation to advanced recruitment process through Social Media Brand Ambassadors From pre-foundation to advanced recruitment process through Social Media Jean-Marc Mickeler, Partner and Responsible for Employer Branding Deloitte France 28 th June 2012 Our People Promise:

More information

Angelica Mirza, Partner

Angelica Mirza, Partner Energy Sector: Executive Search Angelica Mirza, Partner Energy Sector www.amrophever.com The ASA Amrop Hever Group in Italy Since 1974 ASA (evolution of TASA International) is the largest independent and

More information

http://www.cervantes.es/ave

http://www.cervantes.es/ave Instituto Cervantes Centers Albuquerque Alexandria Amman Algiers Athens Beirut Belgrade Belo Horizonte Berlin Boston Brasilia Bratislava Bremen Brussels Bucharest Budapest Bordeaux Calgary Casablanca Chicago

More information

Kazakhstan Azerbaijan. 12 April 2016 14 April 2016

Kazakhstan Azerbaijan. 12 April 2016 14 April 2016 Kazakhstan Azerbaijan 12 April 2016 14 April 2016 B2B Luxury & MICE Workshop WHAT IS IT? B2B Luxury & MICE workshop provides you a unique opportunity to meet with the top-tier local buyers from Azerbaijan

More information

Australian business and immigration solutions Planning is your best protection

Australian business and immigration solutions Planning is your best protection Australian business and immigration solutions Planning is your best protection Australia welcomes investors with capital and business skills who want to migrate to Australia to establish a business, or

More information

EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY!

EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY! EVERY TUESDAY, FRIDAY AND SUNDAY! Budapest Weekly 14:00 Plzeň, CAN Weekly 06:30 Olomouc Weekly 09:33 Praha, ÚAN Florenc Weekly 06:30, 07:30 Praha, Vaclav Havel Weekly 08:00 Airport Prague e 1 / 10 Ostrava, Svinov Weekly 10:28 Plzeň, CAN

More information

DC pensions: All change from April 2015

DC pensions: All change from April 2015 DC pensions: All change from April 2015 www.allenovery.com 2 DCHQ Freedom and choice series: briefing 1 The most fundamental reform to the way people access their pension rights in almost a century. That

More information

Employment. CMS Cameron McKenna Supporting your needs

Employment. CMS Cameron McKenna Supporting your needs Employment CMS Cameron McKenna Supporting your needs 2014 Our Employment team We are a full service Employment team advising on all aspects of the employment relationship with a focus on high-level, complex

More information

Amsterdam.

Amsterdam. Amsterdam 2 Allen & Overy Amsterdam Companies today have to be able to respond to global trends while still building on strong, local foundations. As a truly global firm, with strong attachment to our

More information

Connecting people at A&O and beyond. www.allenovery.com/alumni

Connecting people at A&O and beyond. www.allenovery.com/alumni Connecting people at A&O and beyond www.allenovery.com/alumni 2 Connecting People at A&O and beyond Our alumni explain why the A&O Alumni Network is useful to them It is good that the firm still likes

More information

LuxeMbOurG Trading CenT re LisT Annex 1 to the special terms and conditions for securities transactions Valid as from 1 september 2011

LuxeMbOurG Trading CenT re LisT Annex 1 to the special terms and conditions for securities transactions Valid as from 1 september 2011 Luxembourg Annex 1 to the Special terms and conditions for securities transactions Valid as from 1 September 2011 In order to achieve the best possible result in executing security orders, the bank has

More information

Guide. Axis Webinar User Guide

Guide. Axis Webinar User Guide Guide Axis Webinar User Guide Introduction Joining an Axis Webinar is a quick and easy way to gain additional knowledge about more than just new products, and technology. These webinars allow attendees

More information

ESIF Financial Instruments

ESIF Financial Instruments ESIF Financial Instruments 3 rd COTER meeting, 12 May 2015 Björn Gabriel Senior Adviser, Head of fi-compass, Advisory Services, European Investment Bank 19/05/2015 European Investment Bank 1 ESIF financial

More information

Goodbye Spokesperson, Hello Steward

Goodbye Spokesperson, Hello Steward Goodbye Spokesperson, Hello Steward The Transformation of Corporate Communications Once heralded as the seat held by the best storyteller in the company, corporate communications is no longer about amplifying

More information

Future Trends for Legal Services Global research study

Future Trends for Legal Services Global research study Future Trends for Legal Services Global research study June 2016 The story in brief In a growing market, purchasing patterns for legal services are changing. In-house teams are looking for tech savvy,

More information

Title heading (44 / 52.8pt) E-Commerce Sector Inquiry. Preliminary report published. Title sub-heading (13 / 18pt), optional And a second line.

Title heading (44 / 52.8pt) E-Commerce Sector Inquiry. Preliminary report published. Title sub-heading (13 / 18pt), optional And a second line. CMS_LawTax_CMYK_28-100.eps E-Commerce Sector Inquiry Preliminary report published Title heading (44 / 52.8pt) Title sub-heading (13 / 18pt), optional And a second line. Month Year2016 September What happened

More information

EMEA TMC client conference Using global tax management systems to improve visibility and enhance control. The Crystal, London 9-10 June 2015

EMEA TMC client conference Using global tax management systems to improve visibility and enhance control. The Crystal, London 9-10 June 2015 EMEA TMC client conference Using global tax management systems to improve visibility and enhance control The Crystal, London 9-10 June 2015 1 Agenda Managing global compliance and reporting Why are people

More information

Business Breakfast. Information on assets hide impossible to declare. Private client services

Business Breakfast. Information on assets hide impossible to declare. Private client services Business Breakfast Information on assets hide impossible to declare Private client services Key decision making factors Changes Controlled foreign company rules Notification of participation Notification

More information

Successful OWN BRAND MANAGEMENT

Successful OWN BRAND MANAGEMENT 1 Successful OWN BRAND MANAGEMENT Roland Berger Strategy Consultants Munich, April 2010 2 Amsterdam Bahrain Barcelona Beijing Berlin Brussels Bucharest Budapest Casablanca Chicago Detroit Düsseldorf Frankfurt

More information

DISCOVER THE TRAILBLAZER IN THE MODERN HOTEL BUSINESS.

DISCOVER THE TRAILBLAZER IN THE MODERN HOTEL BUSINESS. DISCOVER THE TRAILBLAZER IN THE MODERN HOTEL BUSINESS. represents a trendsetting hotel concept at an attractive price point. The success of is based on the principle Great Design for Little Money, targeting

More information

Group 1 Group 2 Group 3 Group 4

Group 1 Group 2 Group 3 Group 4 Open Cities Lesson 1: Different kinds of cities Worksheet Task 1 Find the countries on the map Group 1 Group 2 Group 3 Group 4 1 Austria 2 Belgium 3 Bulgaria 4 Cyprus 5 Czech Republic 6 Denmark 7 Estonia

More information

is no To fill the critical gap between strategy and execution plan and performance you must have the right people in the right jobs

is no To fill the critical gap between strategy and execution plan and performance you must have the right people in the right jobs Winning is no accident Proven assessments of performance and potential to improve organizational leadership at every level To fill the critical gap between strategy and execution plan and performance you

More information

_ 2015 winter edition

_ 2015 winter edition _ 2015 winter edition welcome introduction kleine fabriek amsterdam international children s trade fair Twice a year international children s fashion and accessories professionals gather in Amsterdam for

More information

Doing business in Germany and Europe: Facts, Opportunities, Challenges The University of Texas Club, Austin, TX October 26, 2011

Doing business in Germany and Europe: Facts, Opportunities, Challenges The University of Texas Club, Austin, TX October 26, 2011 Doing business in Germany and Europe: Facts, Opportunities, Challenges The University of Texas Club, Austin, TX October 26, 2011 Bavarian Ministry of Economic Affairs, Infrastructure, Transport and Technology

More information

AA BOND CO LIMITED. (a public limited company incorporated in Jersey with registered no ) (the "Issuer")

AA BOND CO LIMITED. (a public limited company incorporated in Jersey with registered no ) (the Issuer) AA BOND CO LIMITED (a public limited company incorporated in Jersey with registered no. 112992) (the "Issuer") NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE LEGAL AND BENEFICIAL

More information

The SAUTER Group edition

The SAUTER Group edition The SAUTER Group 2014 edition Turnover (in EUR million) Orders received (in EUR million) Employees (Yearly average in FTEs) 340.0 340.0 331.3 2,300 325.3 2,257 320.0 300.0 280.0 260.0 263.0 285.0 295.2

More information

European Health & Fitness Market Report 2015

European Health & Fitness Market Report 2015 European Health & Fitness Market Report 2015 European Health & Fitness Market Report 2015 1 Content 5 Preface 6 Executive Summary 8 Leading Operators Rankings 13 Leading Operators Profiles 46 Other Operators

More information

ELENCO DEI VOLI CANCELLATI DA FIUMICINO, DALLE 9 ALLE 17

ELENCO DEI VOLI CANCELLATI DA FIUMICINO, DALLE 9 ALLE 17 ELENCO DEI VOLI CANCELLATI DA FIUMICINO, DALLE 9 ALLE 17 AZ 572Alitalia(ZRH) Zurich 9:05 DWT 1131 ^Darwin Airline(ZRH) Zurich AB 1716 ^Air Berlin(ZRH) Zurich 9:05 EY 7063 ^Etihad Airways(ZRH) Zurich 9:05

More information

Indicator Fact Sheet (WQ05) Water prices Author: Concha Lallana, CEDEX EEA project manager: Niels Thyssen version 02.10.03

Indicator Fact Sheet (WQ05) Water prices Author: Concha Lallana, CEDEX EEA project manager: Niels Thyssen version 02.10.03 Indicator Fact Sheet (WQ05) Water prices Author: Concha Lallana, CEDEX EEA project manager: Niels Thyssen version 02.10.03 Key message Many countries have made significant progress towards more effective

More information

Working Paper no.: 2015/05. Christof van Mol and Peter Ekamper. Destination cities of European Exchange Students

Working Paper no.: 2015/05. Christof van Mol and Peter Ekamper. Destination cities of European Exchange Students Working Paper no.: 2015/05 Christof van Mol and Peter Ekamper Destination cities of European Exchange Students Destination cities of European Exchange Students Christof van Mol and Peter Ekamper Working

More information

Europe s Most Dynamic Cities. City Momentum Index March 2015

Europe s Most Dynamic Cities. City Momentum Index March 2015 Europe s Most Dynamic Cities City Momentum Index March 2015 Europe s most dynamic cities The combined forces of urbanisation, globalisation and technology are recasting the commercial geography of real

More information

Know the rules, know your way ahead. Walid Slim December 15, Qatar Companies Commercial Law Update

Know the rules, know your way ahead. Walid Slim December 15, Qatar Companies Commercial Law Update Qatar Companies Commercial Law Update Know the rules, know your way ahead Walid Slim December 15, 2015 Qatar Companies Commercial Law Update Agenda Introduction and highlights Limited Liability Companies

More information

Corporate funding monitor 2015

Corporate funding monitor 2015 Corporate funding monitor 2015 The changing face of finance February 2015 2 Corporate funding monitor 2015 A global reaction to a global crisis Global corporate funding by source (USDtn) USD4tn USD3tn

More information

Ship Finance Practice. Covering ship finance from every perspective. www.allenovery.com

Ship Finance Practice. Covering ship finance from every perspective. www.allenovery.com Ship Finance Practice Covering ship finance from every perspective 2 Ship Finance Practice Why Allen & Overy? A pre-eminent ship finance practice Our international ship finance practice holds a premier

More information

DTZ Foresight Europe Fair Value Q1 2012 Germany and UK holding firm

DTZ Foresight Europe Fair Value Q1 2012 Germany and UK holding firm Germany and UK holding firm 29 May 2012 Contents Fair value highlights 2 Economic context 3 Market classifications 4 Office market forecasts 5 Retail market forecasts 6 Industrial market forecasts 7 Authors

More information

Issues facing the hotel industry

Issues facing the hotel industry The alliance of major European law firms CMS Adonnino Ascoli & Cavasola Scamoni CMS Albi nana ~ & Suárez de Lezo CMS Bureau Francis Lefebvre CMS Cameron McKenna CMS DeBacker CMS Derks Star Busmann CMS

More information

Spain Tax Alert. Corporate tax reform enacted. Tax rate. Tax-deductible expenses. International Tax. 2 December 2014

Spain Tax Alert. Corporate tax reform enacted. Tax rate. Tax-deductible expenses. International Tax. 2 December 2014 International Tax Spain Tax Alert 2 December 2014 Corporate tax reform enacted Contacts Brian Leonard bleonard@deloitte.es Francisco Martin Barrios fmartinbarrios@deloitte.es Elena Blanque elblanque@deloitte.es

More information

CEE Insurance Services

CEE Insurance Services CMS_LawTax_CMYK_28-100.eps CEE Insurance Services Supporting your business in Central and Eastern Europe 2010 Focus on the Insurance sector The insurance market across CEE is ever-evolving, which means

More information

Fleet Logistics and TÜV SÜD in strategic partnership

Fleet Logistics and TÜV SÜD in strategic partnership Press release Fleet Logistics and TÜV SÜD in strategic partnership to create major international fleet business Leading pan European fleet management specialist, Fleet Logistics, has announced a strategic

More information

FSB: Reinsurance Regulatory Review Summary of Discussion Paper

FSB: Reinsurance Regulatory Review Summary of Discussion Paper South Africa Short-term Insurance 26 May 2015 FSB: Reinsurance Regulatory Review Summary of Discussion Paper A message from Jaco van der Merwe Director AIS Short-term Insurance Dear client The volume and

More information

Professor Jane Fountain conferences

Professor Jane Fountain conferences Professor Jane Fountain conferences Since 2001: 10 national and 28 international conference presentations, including as an invited / keynote speaker. MAJOR CONFERENCE PRESENTATIONS SINCE 2001 INTERNATIONAL

More information

Russian Real Estate Investment Market

Russian Real Estate Investment Market Russian Real Estate Investment Market Russian real estate investment volumes Investment volume dynamics, USD mn* 8,000 Q1 Q2 Q3 Q4 7,000F 6,000 5,059 4,799 4,000 4,005 3,917 3,243 2,000 0 757 131 301 2003

More information

Risk Intelligence Challenge 2015. Going beyond risk in business

Risk Intelligence Challenge 2015. Going beyond risk in business Risk Intelligence Challenge 2015 Going beyond risk in business Frequently Asked Questions (FAQ) Frequently asked questions 1. Why join RIC 2015? RIC is a great platform for you to learn, grow and gain

More information

Accounting news. Accounting news. February 2016. Deloitte Czech Republic. Czech Accounting US GAAP

Accounting news. Accounting news. February 2016. Deloitte Czech Republic. Czech Accounting US GAAP Changes in Accounting news Deloitte Changes in Changes in On 17 December 2015, the Finance Ministry published in Financial Bulletin No. 6/2015 changes in Standards for reporting entities that maintain

More information

Express fast and easy

Express fast and easy Express fast and easy 19 fleet of freighters 80 destinations World s largest capacity holder on Trans-Pacific routes The experience of a leader - Korean Air Cargo The second largest cargo carrier in the

More information

Accounting Services and Payroll kpmg.cz

Accounting Services and Payroll kpmg.cz Accounting Services and kpmg.cz KPMG in the Czech Republic The Accounting Services and department of KPMG Czech Republic provides financial, managerial and payroll accounting services, as well as related

More information

Unique combination of Business, Academia & Technology

Unique combination of Business, Academia & Technology Unique combination of Business, Academia & Technology Not everything that counts can be counted and not everything that can be counted counts. Albert Einstein 2 Business Driven Innovation The Deloitte

More information

Indian E-Retail Congress 2013

Indian E-Retail Congress 2013 The Retail Track The Omni Channel Retail Supply Chain Indian E-Retail Congress 2013 Subhendu Roy Principal Consumer Industries and Retail Practice 15 February, 2013 Disclaimer This document is exclusively

More information

Household Energy Price Index for Europe. August 31, August Prices Just Released

Household Energy Price Index for Europe. August 31, August Prices Just Released Household Energy Price Index for Europe August 31, 2016 August Prices Just Released The most up-to-date picture of European household electricity and gas prices: VaasaETT and two leading European energy

More information

EuroVelo. The European cycle route network. EuroVelo, a project of the European Cyclists Federation

EuroVelo. The European cycle route network. EuroVelo, a project of the European Cyclists Federation EuroVelo The European cycle route network EuroVelo, a project of the European Cyclists Federation Introduction EuroVelo is a project of the European Cyclists Federation (ECF) to develop a network of high-quality

More information

CMS_LawTax_Negative_28-100.ep. CMS European M & A Study 2015. Seventh Edition

CMS_LawTax_Negative_28-100.ep. CMS European M & A Study 2015. Seventh Edition CMS_LawTax_Negative_28-100.ep CMS European M & A Study 2015 Seventh Edition Table of contents Introduction 3 Purchase price adjustment 8 Earn-out 11 De minimis 14 Basket 15 Liability caps 18 Warranty &

More information

PRODUCTS AND SERVICES TO MAKE YOUR TRIP MEMORABLE. European Driving Guide

PRODUCTS AND SERVICES TO MAKE YOUR TRIP MEMORABLE. European Driving Guide PRODUCTS AND SERVICES TO MAKE YOUR TRIP MEMORABLE European Driving Guide HOW WE Make your trip memorable With more than 3,000 European locations, Avis tries harder to give business and leisure travelers

More information

Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP

Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP Selection and Use of Patient-Reported Outcome Measures The Role of Outside Consultants Janice Hogan, Partner, Hogan Lovells LLP Tuesday, November 27, 2012 Key Topics for Consultants Selection of Instruments

More information

Temporary support for your HR department A made-to-measure solution

Temporary support for your HR department A made-to-measure solution Temporary support for your HR department A made-to-measure solution Organisations now expect HR not only to be efficient in their delivery of core services but also to set the talent agenda and to drive

More information

Deloitte Risk Services B.V. Cyber & Privacy Advisory. Deloitte Cyber & Privacy Risk Services Data Breach Management

Deloitte Risk Services B.V. Cyber & Privacy Advisory. Deloitte Cyber & Privacy Risk Services Data Breach Management Deloitte Risk Services B.V. Cyber & Privacy Advisory Deloitte Cyber & Privacy Risk Services Data Breach Management 2 Index Cover pages & Index 1-3 Data breach management 4 Challenges and opportunities

More information

Tax Analysis. China relaxes foreign exchange procedures on outbound payments. for trade in services. PRC Tax. Tax Issue P184/2013 26 July 2013

Tax Analysis. China relaxes foreign exchange procedures on outbound payments. for trade in services. PRC Tax. Tax Issue P184/2013 26 July 2013 Tax Issue P184/2013 26 July 2013 Tax Analysis Authors: Hong Ye Tel: +86 21 6141 1171 Email: hoyeqinli@qinlilawfirm.com 1 PRC Tax China relaxes foreign exchange procedures on outbound payments for trade

More information

Improved Outlook? French Manufacturing Competitiveness Radar 2014/2015. Paris, March 2015

Improved Outlook? French Manufacturing Competitiveness Radar 2014/2015. Paris, March 2015 Improved Outlook? French Manufacturing Competitiveness Radar /2015 Paris, March 2015 Roland Berger's manufacturing Competitiveness Radar We are proud to present you the third edition of our survey on French

More information

European office sector recovery continuing Divergence in speed and strength remains

European office sector recovery continuing Divergence in speed and strength remains The Jones Lang LaSalle Office Property Clock Q3 2013 European office sector recovery continuing Divergence in speed and strength remains European Office Rental Index decreases q-o-q Aggregate European

More information

Spain Tax Alert. Broad-based corporate tax reform proposed. Tax rate. Tax-deductible expenses. International Tax. 2 July 2014

Spain Tax Alert. Broad-based corporate tax reform proposed. Tax rate. Tax-deductible expenses. International Tax. 2 July 2014 International Tax Spain Tax Alert 2 July 2014 Broad-based corporate tax reform proposed Contacts Brian Leonard bleonard@deloitte.es Francisco Martin Barrios fmartinbarrios@deloitte.es Elena Blanque elblanque@deloitte.es

More information

Rebound after a slow start

Rebound after a slow start DTZ Research PROPERTY TIMES Rebound after a slow start Europe Office Q2 2015 28 August 2015 Contents Take-up 2 New office supply 3 Vacancy ratio 4 Prime office rents 5 Outlook 6 Definitions 7 3 million

More information

Accessing DC savings: The new rules. www.allenovery.com

Accessing DC savings: The new rules. www.allenovery.com Accessing DC savings: The new rules www.allenovery.com 2 2 DCHQ Freedom and choice series: briefing 2 In addition to existing options such as cashing out a small lump sum, buying an annuity or going into

More information

Cargo Sales & Service Presentation

Cargo Sales & Service Presentation Cargo Sales & Service Presentation Who is Air Logistics Group? Established in 1994 One of the world s leading cargo sales and service companies 55 offices spanning 32 countries and over 200 employees worldwide

More information

WIFIA Water Infrastructure Finance and Innovation Act: An Introduction

WIFIA Water Infrastructure Finance and Innovation Act: An Introduction WIFIA Water Infrastructure Finance and Innovation Act: An Introduction February 13, 2014 Jim Ziglar, Jr. Deloitte Transactions and Business Analytics LLP jziglar@deloitte.com Infrastructure and Public-Private

More information

Employee inventor rewards survey

Employee inventor rewards survey CMS_LawTax_CMYK_28-100.eps Employee inventor rewards survey www.cmslegal.com/patentswithoutborders August 2014 Table of contents Introduction... 3 The results at a glance... 4 Rewards for inventors...

More information

Road deaths in capital cities per 100,000 resident capitals' population / Year. Capital city. Embargoed until Wed. 8 October, 00.

Road deaths in capital cities per 100,000 resident capitals' population / Year. Capital city. Embargoed until Wed. 8 October, 00. Embargoed until Wed. 8 October, 00.01am Table 1. Road deaths in capital cities per 100,000 resident capitals' population and their average yearly percentage change over the period 1997-2007 (PIN Flash

More information

Opportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring

Opportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring Opportunities for Action Achieving Success in Business Process Outsourcing and Offshoring Achieving Success in Business Process Outsourcing and Offshoring The list of companies that have launched efforts

More information

Our global Product Liability group

Our global Product Liability group Our global Product Liability group 2014 www.allenovery.com 2 Sources say: Extremely impressive; the response times are incredible and the advice is well thought out. Chambers 2014 They are on top of the

More information

Diversified and Performing Property portfolio

Diversified and Performing Property portfolio Diversified and Performing Property portfolio TOTAL ASSETS 4.315 billion (31/3/2015) EPRA NAV 1.9 billion LETTABLE AREA 2.913 million sqm (31/3/2015) (31/3/2015) Property value by segment (MEUR / %) 131

More information

Real Estate Clients. For more information on HSH Nordbank Hypo s business, please refer to pages 58 and 59.

Real 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 information

The CMS REMIT healthcheck

The CMS REMIT healthcheck CMS_LawTax_CMYK_28-100.eps The CMS REMIT healthcheck Market abuse, reporting and registration framework for the EU energy market February 2013 Background The EU Regulation on Energy Market Integrity and

More information

IB AFRICA, EUROPE, MIDDLE EAST MIDDLE YEARS PROGRAMME WORKSHOP SCHEDULE

IB AFRICA, EUROPE, MIDDLE EAST MIDDLE YEARS PROGRAMME WORKSHOP SCHEDULE IB AFRICA, EUROPE, MIDDLE EAST MIDDLE YEARS PROGRAMME WORKSHOP SCHEDULE SEPTEMBER 2015 AUGUST 2016 MYP WORKSHOPS BY CATEGORY CATEGORY 1 Arts-Performing: Implementing 12/2/16 Brussels Arts-Visual and performing:

More information

Case No COMP/M.7238 - AMERICAN EXPRESS COMPANY/ QATAR HOLDING/ GBT

Case No COMP/M.7238 - AMERICAN EXPRESS COMPANY/ QATAR HOLDING/ GBT EN Case No COMP/M.7238 - AMERICAN EXPRESS COMPANY/ QATAR HOLDING/ GBT Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date:

More information

Creating the Conditions for Change

Creating the Conditions for Change Creating the Conditions for Change The power of collective action in strategy execution 4-5 October 2012 2 The essential pre-conditions for change Business Value is the the anticipated end state outcome

More information

Guide. Axis Webinar. User guide

Guide. Axis Webinar. User guide Guide Axis Webinar User guide Table of contents 1. Introduction 3 2. Preparations 3 2.1 Joining the visual part 3 2.2 Joining the conference call 3 2.3 Providing feedback and asking questions during a

More information

Key contacts. EMEA Investor Intentions Survey 2015. www.cbre.eu. CBRE Research

Key contacts. EMEA Investor Intentions Survey 2015. www.cbre.eu. CBRE Research Key contacts For more information about this regional special report, please contact: Michael Haddock Senior Director, EMEA Research t: +44 7 182 3274 e: michael.haddock@cbre.com For more information regarding

More information

Malopolska s succes story as a:

Malopolska s succes story as a: Malopolska s succes story as a: 1. Why did we decide to apply? 2. What are our expectations from the award? 3. The events that we will organise Why did we decide to apply for being Genesis: idea analysis

More information