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Property news by Property Wire

Sun
Jul 20th
2008
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News related to tax

Newly introduced major tax incentives aimed at reviving 'tired' Bahamas
2008-07-11 09:26:37 [South America]

New tax incentives are underway in the Bahamas in order to entice potential investors to the Caribbean islands made famous in the James Bond movies.

Read full article: [Newly introduced major tax incentives aimed at reviving 'tired' Bahamas]
 
Tiny mountain country continues to have rising property prices
2008-06-27 18:09:52 [Europe]

Andorra, a tiny country in the Pyrenees between France and Spain is set to buck the downward property price trend this year and see a 5% rise according to agents.

Read full article: [Tiny mountain country continues to have rising property prices]
 
Twenty year tax exemption for property investors renewed in Panama
2008-06-24 10:23:47 [South America]

The 20 year tax exemption for buyers in Panama which expired last year has been restored to keep the country's booming real estate market on the rise.

Read full article: [Twenty year tax exemption for property investors renewed in Panama]
 
Thailand proving to be a strong property market, experts agree
2008-06-15 18:02:51 [Asia]

The Thailand property market is still making good returns for investors despite worries about inflation, according to experts.

Read full article: [Thailand proving to be a strong property market, experts agree]
 
Abruzzo is the next Languedoc, property experts claim
2008-06-15 14:09:29 [Europe]

An overlooked part of Italy is set to become the next hot spot in Western Europe with renovation properties selling for as little as €10,000.

Read full article: [Abruzzo is the next Languedoc, property experts claim]
 
Rental bookings in Spain down as fines are introduced for the non-registered
2008-06-05 09:53:42 [Europe]

Property owners in Spain who rent accommodation to holidaymakers and visitors are struggling to find bookings this year and the clampdown on non-registered rentals is spreading.

Read full article: [Rental bookings in Spain down as fines are introduced for the non-registered]
 
Buy to rent in France bringing in almost £1,000 a week
2008-06-04 18:05:35 [Europe]

Rental properties are proving popular in France this summer bringing in an average of almost £1,000 a week for owners, it is revealed.

Read full article: [Buy to rent in France bringing in almost £1,000 a week]
 
Spanish rental properties face tourism tax clampdown
2008-05-29 09:02:08 [Europe]

Property owners in Spain who let to tourists and aren't registered with their local tourism authority face fines of up to €30,000 under a new clampdown.

Read full article: [Spanish rental properties face tourism tax clampdown]
 
UK taxman probing rental generated income under new crackdown
2008-05-18 10:15:44 [Europe]

Increased mortgage payments do not necessarily 'protect' owners of second homes from paying UK tax on income generated by rent, it is claimed.

Read full article: [UK taxman probing rental generated income under new crackdown]
 
New tax regime in Oz to benefit overseas property fund investors
2008-05-16 09:05:41 [Australasia]

Foreign property fund investors in Australia are set to benefit from a change in the tax system which will give the country one of the most competitive withholding tax rates in the world.

Read full article: [New tax regime in Oz to benefit overseas property fund investors]
 
Current credit climate makes it important for property investors to seek advice
2008-05-09 14:02:12 [Related Stories]

People who are purchasing an overseas property don't always take professional advice despite the fact they wouldn't do the same in their own country, leading experts are warning.

Read full article: [Current credit climate makes it important for property investors to seek advice]
 
Messina bridge and property tax abolition means Calabria is one to watch
2008-05-01 14:03:48 [Europe]

Newly elected Italian Prime Minister Silvio Berlusconi, will need to find an astounding €2 billion to keep his election campaign promise of getting rid of the main Italian property tax.

Read full article: [Messina bridge and property tax abolition means Calabria is one to watch]
 
Russian money fuels property price rises in big cities
2008-04-26 09:02:24 [Europe]

Russians are taking their money out of stock and shares and putting it into property instead, according to analysts.

Read full article: [Russian money fuels property price rises in big cities]
 
Gibraltar - Costa del Sol's rock solid property investment
2008-04-25 09:03:00 [Europe]

The property market in Spain may be slowing down but in neighbouring Gibraltar it is positively glowing.

Read full article: [Gibraltar - Costa del Sol's rock solid property investment]
 
Investors who sold in Spain entitled to whopping tax rebate
2008-04-20 09:02:16 [Europe]

Hundreds of thousands of foreign investors who have sold property in Spain over the last few years could be owed a tax rebate of around £11,000 each, it has been confirmed by lawyers.

Read full article: [Investors who sold in Spain entitled to whopping tax rebate]
 
New tax laws helps flagging Italian property market
2008-04-04 14:02:50 [Europe]

Property in Italy could be set to see a renewed surge of interest from foreign buyers thanks to changes in the tax laws.

Read full article: [New tax laws helps flagging Italian property market]
 
Property tax law boosts interest in Panama
2008-03-31 14:02:38 [South America]

Panama may be best known for its famous canal, but it has also received a boost on the investment front from the property tax exemption laws for new buildings.

Read full article: [Property tax law boosts interest in Panama]
 
Property in Italy may be more lucrative
2008-03-19 07:03:03 [Europe]

With new tax changes in place, purchasing property in Italy may be more affordable than it has been.

Read full article: [Property in Italy may be more lucrative]
 
First time buyers hit hard in New Zealand with tax increase
2008-03-14 07:04:11 [Australasia]

The move to the top tax rate of 39c would help investment housing but also hurts those looking to get into housing, one report issues.

Read full article: [First time buyers hit hard in New Zealand with tax increase]
 
Indian budget falls short of property expectations
2008-03-12 11:04:09 [Asia]

The Indian 2008 budget was released recently and in it there were no major changes to anything in the property sector. While the real estate sector does indirectly benefit from some of the changes, there is no direct benefit from the government to the sector in the budget.

Read full article: [Indian budget falls short of property expectations]
 
US - house values decrease, taxes increase
2008-02-26 09:04:13 [North America]

As property tax assessments come out this month, property owners are shocked to see just how much they have to pay even as their house values continue to fall.

Read full article: [US - house values decrease, taxes increase]
 
Egyptian tax laws to change
2008-02-19 13:06:06 [Africa]

Taxation laws in Egypt are set to change, with low income housing receiving the lion's share of the benefits.

Read full article: [Egyptian tax laws to change]
 
Real cost of flipping in the US
2008-02-10 15:05:25 [North America]

Many people have invested to flip properties, but this may not be as profitable as most believe when taxes are figured in. Moreover, how does it affect the community in terms of value?

Read full article: [Real cost of flipping in the US]
 
Rising property taxes in US add to worries
2008-02-06 19:00:37 [North America]

Yet another worry for home owners is soaring property tax. Around the country, people are struggling to stay in their homes because of the inability to pay taxes.

Read full article: [Rising property taxes in US add to worries]
 
President Bush uncertain about the economy and growth
2008-01-30 11:02:34 [North America]

In State of the Union address, President Bush outlines economy as an uncertainty. He addresses growth concerns and more.

Read full article: [President Bush uncertain about the economy and growth]
 
France to consider luxury tax on hotel tourists
2008-01-23 15:03:37 [Europe]

Taxing the tourist through luxury hotel tax could help to save falling hotels and endangered historic buildings throughout France.

Read full article: [France to consider luxury tax on hotel tourists]
 
Morocco increases VAT as tensions rise
2008-01-11 14:00:37 [Africa]

With the New Year being just ten days old, a new tax policy that was bitterly opposed is now in effect in Morocco.

Read full article: [Morocco increases VAT as tensions rise]
 



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Feature story

Winners and losers in the global property market defined by growing oil prices

Soaring oil prices are affecting property investment across the globe to such an extent that countries that import energy supplies are likely to see even more of a downturn before markets bottom out.

Company news

Phuket tourism rising above global worries

Constantly rising oil prices have been taking their toll on the travel and tourism industry, especially with airlines raising prices or cutting flights and routes - or both. As a result, the Tourism Authority of Thailand (TAT) recently announced a downward revision of its predictions of tourist figures for 2009.

Forum Watch

Tough times need tough investors

It is difficult to escape the property headlines this week with all news outlets mentioning property. The frustrations of investing in property during a downturn are well documented in the forums this week.

Currency watch

Dollar gains ground over good data

The US dollar gained a lot of ground yesterday as good data was released in the US. There was a large selloff in Crude Oil futures as US crude inventories gained an unexpected 3.0M Barrels.

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