Buying Property in Dubai: Factors Influencing Buyers’ Decision

Dubai is one of the fastest growing cities in the world today and is recognized as the gateway to the gulf. Because of its impressive new buildings, biggest theme park in the world, tree- lined boulevards, and magnificent shopping malls, it is voted as one of the world’s best holiday destinations. It is also acknowledged as an emerging commercial hub and one of the most desirable places to live here on the planet. Recently, the Government of Dubai has opened up doors for purchase of freehold properties in approved projects in Dubai. The purchasers who are registered will be entitled to a residence visa including the whole family. This will be issued by the Dubai authorities under their standard conditions. …

Buying property in Cyprus

Starting to think of buying property in Cyprus and you cannot help but think about that classic and fairly high, European level standard of living that is sure to please you and your family. Cyprus is the only Eastern Mediterranean destination that offers a quality of life to which most Britons are accustomed,” said Pauline Gallagher of Cyprus-specialist UK-based agents Halcyon Properties, “With its good infrastructure, high-quality hospitals, excellent shopping and where English is widely spoken.” On an island that is now our fifth most popular foreign destination; many ex-pats have been attracted by the 300-odd days of sunshine annually and the island’s low flat tax rate for non-Cypriot residents of just five per cent. The low cost of living …

Processes in Buying Properties in Bulgaria

Before diving deep into real estate fiasco discussion let us first highlight some important basic information’s regarding Bulgaria. As you would know Bulgaria is located in southeastern Europe. Bulgaria is situated in the east-central portion of the Balkan Peninsula, bordering the Black Sea. Covering an area of 42,823 square miles and is almost rectangular in shape. Its position makes it a natural crossroad between Europe and Asia. Bulgaria has been noted as the third most popular world destination for property investment and holiday homes behind Spain and France. So what does buying properties in Bulgaria give you? Aside from the scenic views and welcoming neighborhoods and sunny climate and broad sand beaches, Bulgaria also boasts a low cost of lifestyle …

Buying Tips for France – Part 1

1. Why buy a place in France? Buying a French home is a major financial decision, so it’s important to be clear about your objectives. Are you looking to make an investment, or do you plan to relocate and work, set up a business, or even retire? If your purchase is a holiday home, will you make long weekend trips, or lengthier stays? Answering these questions will help identify the type of property best suited to your needs, and its ideal location. 2. Where to buy your French home Obviously we’re big fans of the Languedoc, but France has 21 other regions too! France is a huge country boasting a wide variety of landscapes, several climatic zones and numerous micro-climates; …

How property tax laws could affect you

Although it’s a bit easier now than it used to be, what complicates matters is the number of laws that dictate what you can and can’t do. And change is frequent – it seems as though every budget brings a change to tax laws. That can add even more complication for you. You may not have come across them before, but there are a number of property tax laws that apply to you and any investments you make into property. They tend to affect income from rental properties, plus any profits you make from selling houses you own. Use this simple guide to wade through property tax and understand how it could affect you. First off, the good news. If …

Bulgarian accession to the EU. The green light for the serious investor?

Bulgaria has recently met all the causes and articles for accession to the EU. Full entry is scheduled for early 2007. The country will immediately benefit from worldwide acceptance and a massive investment from the European Community. Bulgaria is at present a relatively poor country. The average monthly wage is just €280. Membership of the European Community will ensure that the transportation network, domestic and commercial utilities sector, labour rates as well as the fiscal and banking systems will all be brought into line to mirror their more prosperous European neighbours. With the increasing prosperity, along will come the private and corporate investors eager to cash in on the country’s new found wealth. Over the past three to four years, …

1031 exchange tax deferred benefits are hard to ignore

Section 1031 of the Internal Revenue Code contains arguably one of the most powerful provisions of the tax code for real estate investors… the 1031 tax exchange. Many highly successful real estate investors have used this tax code provision in combination with aggressive pyramiding and upgrading strategies to amass huge investment property portfolios. Here’s how it works: OVERVIEW A Section 1031 Exchange allows you to exchange “like-kind” investment properties without triggering the payment of capital gains tax. As your property assets appreciate in value you have the ability to upgrade into larger properties with greater cash flow. Section 1031 also gives you the flexibility to exchange your rental properties that have appreciated in value in hot markets, and re-invest into …

Bahrain’s Real Estate Market Hot on the Heals of Dubai

The popularity and success of the real estate market in Dubai is well documented; but in sharp contrast Bahrain – which is one of the Middle Eastern property markets with the greatest potential – is little known and often overlooked. Bahrain has a small but well establish luxury real estate market; and recent changes to legislation allowing for foreign freehold ownership of property within certain real estate developments in Bahrain has created a surge of investor and consumer interest in the kingdom. The kingdom of Bahrain has long been home to a large expatriate community, with expats mainly heralding from the UK, Europe and the US. Expatriates living in Bahrain generally enjoy an incredibly high standard of living, substantial tax …

Asset Protection for Real Estate Investors

The first 10 years of my real estate investing I ran my business as a sole proprietor because I really didn’t know any better. Luckily, I survived with only minimal damages, but there comes a point when it is time to assess the best legal structure to use for real estate investing. If you ask 10 experts you are likely to get 10 different opinions. With that in mind, I’ll share my opinion and experience. Remember: free advice is always worth what you pay for it. If you are a beginning investor, it’s probably best to not worry about asset protection until you actually have a few assets to protect. Why spend time and money setting up a business entity …