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Inheritance laws in UAE remain unclear

Manoj Nair Gulf News 27.01.2012
Prices of property in India remain strong

Recent figures from the Reserve Bank of India have found that property prices in the country have remained remarkably resilient in recent months with price rises in the third quarter of 2011 rising in all but one location.

For want of legal precedents, real estate investors are sceptical whether property ownership rights will pass smoothly on to their rightful heirs as named in the will.

Dubai: While the UAE waits for stability in its real estate marketplace, there are a few ambiguities that property investors are still living with. One concern that is yet to be resolved relates to the status of such assets upon an investor's demise.

Should Christie Be Cutting Property Taxes Instead?

Gov. Chris Christie was in a triumphant mood during his State of the State speech as he surveyed his record in "controlling" property taxes.

Italy would gain an additional 100 million euros from increasing levies on the church to include all its commercial property, said Paolo Berdini, urban planner and consultant for local administrations.

Nothing may prove to be untouchable in the European debt crisis. The Catholic Church in Italy is under pressure from both governing and opposition politicians to start paying taxes on all its commercial property after Prime Minister Mario Monti asked Italians to swallow 20 billion euros ($25.5 billion) of budget cuts and pay a levy on their homes.

Standing Out in the Realm of Property Tax Assessments

SCOTT JAMES New York Times 23.07.2011
Bank of China is one of the banks appointed by the Ministry of Law to open dedicated accounts for overseas property lawyers

Two high profile cases in 2006 and 2007 resulting in fraud of around S$17 million (US$14 million) have prompted Singapore to introduce new measures next month to protect property buyers from rogue overseas property lawyers.

David Zisser, with some of the paperwork he used in successfully appealing his San Francisco property tax assessment.

In real estate, professionals muse, the three most important factors are location, location, location. The same appears to be true now in California when it comes to the ease of getting an accurate property tax assessment.

Executives of Castle Key Insurance Company take an oath before testifying at a hearing in Tallahassee.

TALLAHASSEE, Fla. -- Two affiliates of Allstate Insurance Company want to raise their property insurance rates in Florida more than 30 percent. On Tuesday, executives of Castle Key Insurance Company and Castle Key Indemnity Company raised their rights hands and promised to tell the truth in a hearing before state regulators.

More loans available for UK property buyers

More mortgages are being granted for buyers in the UK residential property market but experts are divided over whether this is a blip or the start of the road to recovery.

Photo Release: Oriental Residence Bangkok receives financial support from LH Bank

Ms. Valaithip Charanachitta, Managing Director of Thai Contractors Asset (2nd from right) and Mr. Jirawat Kateseang, Vice President of Marketing Communication of Amari Estates (far right) have jointly signed a cooperative agreement on financial support with LH Bank led by Mr.Somsak Hatsuwan, Vice President Consumer Loan Department 1 (far left) and Mrs. Chintana Klaisuwan, Senior Vice President Consumer Loan Group (2nd from left).

Phil Goff is still refusing to debate what's leaked from his party

It's election year and tax policy is a big political issue, and now it's clear the two main parties are fighting over it.

New York passes historic property tax cap

Fran Berkman Liherald 01.07.2011
New York passes historic property tax cap

This one was never in doubt. Legislation that will put a cap on property tax levies passed by a 57-to-5 margin in the State Senate before it made it through the Assembly and was signed into law by Gov. Andrew Cuomo last Friday.

Melbourne house prices have dropped 4 per cent this year.  AP

MELBOURNE house prices have tumbled 4 per cent so far this year, with new RP Data-Rismark data showing the median price sitting at $540,000.

New York reaches pact on rent regulations, property tax

(Reuters) - New York state legislative leaders on Tuesday reached tentative agreements on rent control and a property tax cap, while the fate of a bill that would legalize same-sex marriage remained up in the air.

Lenders in UK disappoint prospective homeowners

Buyers in the UK are still failing to overcome the significant barriers to home ownership that the current housing market represents, according to the National Association of Estate Agents.

First-time buyers to get a leg-up to the property ladder

Housing minister Grant Shapps has unveiled the latest attempt to help first-time buyers get on to the property ladder. FirstBuy is part of a series of schemes designed to reduce the amount of deposit buyers need to raise, as well as providing equity to cover the cost of their new home which can later be bought back to give them full ownership.

Silver: Senate GOP Is Jeopardizing Property Tax Cap Agreement By Stalling On Rent Regs

State Assembly Speaker Sheldon Silver said Senate Republicans are “clearly jeopardizing” the agreement to enact a property tax cap by advancing legislation that only extends rent regulations.

Bangkok land prices, taxes to rise

Property Report 16.06.2011
Israel in Violation of Property Rights

(ISTANBUL IHH) - Details of the pirate-like Israeli raid in international waters on the humanitarian aid flotilla in May 2010 emerged form the report of the UN Fact-finding Mission. The UN Report concludes that Israel violated passengers’ right to property by confiscating their personal property.

Bangkok land prices, taxes to rise

Bangkok land prices became more expensive after the first review in eight years by the Treasury Department, according to the Bangkok Post. Prices in Yaowarat, Silom and Phloenchit roads have all risen significantly, said a senior official of the bureau.

 
Sudden interest rate rise will hit recovery UK property market, it is claimed

If the UK economy improves later this year the Bank of England could be forced to make a series of sudden interest rate raises that could unbalance the property market, experts warned.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.