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Foreigners not allowed to own HDB flats, ECs or private landed property

Minister for Trade and Industry Mr Lim Hng Kiang said Monday that foreigners are not allowed to own HDB apartments and Executive Condominiums in Singapore.

The Russian Foreign Ministry has warned Russian citizens about the dangers of buying land in the Turkish occupied areas of Cyprus.

The Russian Foreign Ministry has warned Russian citizens about the dangers of buying land in the Turkish occupied areas of Cyprus. In a statement at the Interfax News Agency, Deputy Director of Press and Information Department Zacharova Maria, stated that the administration in the Turkish occupied areas of Cyprus, is an illegal state and property purchases should be avoided.

Innovative bank sales schemes keep Spanish real estate on the ropes

MADRID: When Jose Morales traveled up from Granada in southern Spain in February to look at a new apartment in the Madrid satellite town of Sesena, he was greeted by long queues of mostly young people outside the sales office.

Mumbai stamp duty hike to pinch property buyers

Property buyers in Mumbai will have to shell a little more for registering their purchase. The Maharashtra Government has simplified the stamp duty structure for sale deed of immovable properties in its budget; in the process hiking rates for buyers

Changes to the personal property register

Max Newnham Sydney Morning Harald 27.03.2012
"Under the new system the supplier of the goods will have a purchase money security interest". Photo: Jessica Shapiro   Read more: http://www.smh.com.au/small-business/changes-to-the-personal-property-register-20120326-1vthf.html#ixzz1qKCnEd3q

A new system relating to registering personal property commenced from 30 January 2012. Under this system businesses can protect ownership of their stock and goods in the event of a customer defaulting. Conversely small business owners unaware of the changes could find they have no protection if a customer goes into liquidation or bankruptcy.

No buyers but soaring prices: A scam called Mumbai realty

Not just buyers, but Mumbai developers too are feeling the pinch of the overheated real estate market owing to poor sales. This is evident as three property exhibitions have been cancelled in Mumbai until further notice.

Budget day scramble for estate agents and lawyers

Sarah Krouse Finance News 26.03.2012
Condominiums along the shores of Coal Harbour in Vancouver. Vancouverites have long complained that wealthy real estate speculators from Hong Kong and mainland China have driven up housing prices in the city, but exactly how much of Vancouver is foreign-owned is hard to assess since the industry doesn't keep such data and many foreign investors use local proxies to make purchases. (Andy Clark /Reuters)

Last week's $1-million sale of a modest bungalow in north Toronto to a university student from China got tongues wagging and tempers flaring about the supposed encroachment of foreign buyers into the Canadian real estate market.

Budget day scramble for estate agents and lawyers

Real estate agents across London spent what remained of the day following the Budget rushing to seal clients' deals before an increase in stamp duty hiked up costs for buyers. Tax lawyers, meanwhile, began work on the business implications of new measures designed to clamp down on the avoidance of property-related tax by the rich.

Real estate firms have to pay 7 trillion dong a month in loan interest

VietNamNet Bridge – The total bank loans provided to real estate developers have reached 200 trillion dong. With the current average interest rates of 20-22 percent per annum, real estate firms have to spend 7 trillion dong a month for bank loans’ interest. As such, the cash is just enough to pay the interest of one quarter.

Finance minister to revise first-home mortgage policy

Property firms agree with the idea of revising the first-home mortgage policy as the Government Housing Bank has only provided THB2 billion (US$64.9 million) in loans since the scheme was launched late last year.

Property tax to bite families next year as levy fast-tracked

HOMEOWNERS will feel the brunt of a full property tax next year as the Government fast-tracks the drive for a permanent levy.

Bank of England expert predicts future UK property boom

An ageing population and an increasing number of immigrants are set to fuel a property price boom in the UK, it is claimed. According to Professor David Miles, who sits on the Bank of England’s monetary policy committee which sets interest rates, people will also be older when they buy their first property because of changes in the mortgage industry due to the credit crunch.

Property tax collections to start downward trend

Dennis Cauchon USA TODAY 13.03.2012
The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions of homeowners are unknowingly paying too much property tax.

The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions of homeowners are unknowingly paying too much property tax.

Property tax collections to start downward trend

More than five years after real estate prices began to tumble, Americans are finally starting to get property tax breaks on their devalued homes, a USA TODAY analysis finds.

Banks steer clear of trend to riskier property assets

Carolyn Cummins The Sydney Morning Herald 13.03.2012
Banks steer clear of trend to riskier property assets

BANKS are still reluctant to wade back into the tough commercial property sector in any significant way until they are confident asset values will show some stabilisation, according to banking analysts.

Lawmakers kill bill to shrink Citizens Property Insurance

Florida lawmakers failed to pass a measure that would have allowed unregulated insurance companies to take over policies from Citizens Property Insurance Corp.

UK property industry does not support a mansion tax

Amid speculation that UK Chancellor George Osborne intends to use the upcoming Budget to make changes to property tax, the property industry is advising against any such a moves.

Bank of America: Principal Reduction for 200,000 Homeowners

NEW YORK -- Bank of America says it plans to provide mortgage relief to about 200,000 homeowners whose home values have fallen below what they owe on their mortgages.

 
Investors Target Property Tax Deadbeats  Investors Target Property Tax Deadbeats

Jean Norton's first foray into tax lien investing was hands-down a lucrative one. Norton, who was a marketing director at a tech firm at the time, had bought and sold real estate for years. She had heard about investors who were making nice profits buying liens on homes with overdue property taxes. So in 2009, she attended a seminar to learn how to put her own skin in the game.

 
 

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