Posts

Showing posts from September, 2021

New Home Prices in Chinese Cities Have Increased.

In August, residential property prices in major Chinese cities skyrocketed, perhaps triggering more government involvement to prevent a housing bubble.  adhunters According to recent data from the National Bureau of Statistics, new property prices grew in 69 of 70 Chinese cities in August compared to the previous year. New property prices grew in 66 of the 70 Chinese cities tracked by the organisation in comparison to the previous month. The highest rises were in the main cities of Beijing and Shanghai, which each saw a 15% increase over the previous year. New property prices in Shenzhen jumped 18 percent over the previous year. However, there was a significant difference in performance between top-tier cities and lesser cities. According to the survey, annual growth in second-tier cities ranged from 7 to 10%, while rises in third-tier cities were closer to 6%. According to media sources, overall property prices in China climbed by 7.5 percent year over year, the quickest r...

Property developers in China are 'hoarding' cash.

According to a new research, Chinese property developers have more than $25 billion in cash on their books, but they are hesitant to spend it until market worries are resolved.  adhunter According to Reuters, which analyzed data from 76 Chinese real estate management and development businesses, including prominent heavyweights such as Shimao Property Holdings and Greentown China Holdings, China's real estate management and development companies raised more than $16 billion via offshore bonds and loans in the first eight months of 2013, up 36 percent over the same period in 2012. According to the wire agency, developers are concerned due to rising interest rates and the possibility of new government actions dampening the real estate market. "Our financial status is fairly good," Fung Ching Simon, Greentown China Holdings' chief financial officer, told Reuters. "However, we do have concerns about a credit constraint in the business." "We've alre...

What are China's Free Trade Zones like?

In China, free-trade zones are the rage, sending real-estate investors into a frenzy despite a lack of clarity on how they will operate and what types of trade would be allowed. The extent to which business will shift in the extremely limited mainland market is a hot topic of dispute.  adhunt When Shanghai's zone was approved in July and officially announced at the end of September, just before the weeklong National Day vacation that began on October 1, it created the biggest sensation. "It's just supposition until we know what's really going on there." According to local sources, property values in and near the free-trade zone have risen 15 to 20% since the declaration in July. However, it needs to be seen whether those advantages are justified by the zone's underlying business potential. Some detractors claim that the zone's introduction has had the effect of driving up property values rather than easing trade. "Many people were excited about this, ...

Where to buy Japanese property

Japan does not fully reflect its rich, complex nature and everything that makes up the Japanese identity—its long imperial history, distinctive language, Shinto and Buddhist practices, fine cuisine and exquisite art, discipline and work degree, a fascinating Samurai culture, its role in both world wars, the timelessness of its rural history. Japan is not entirely committed to pop culture. Japan is fascinating forever.  adhunters Japan's position on the edge of the Northern Asia-Pacific region contributes to its diverse climates and geography. There are six identified climate zones with milder climates in the southern region of Kyushu, while the northern island of Hokkaido is well known for its harsh winter weather. The island-archipelago belongs to the Pacific Ring of Fire, also vulnerable to erosion and volcanic activity. Tremors are common and tsunamis occur occasionally in certain areas. About three-fourths of the land of Japan is covered by mountains and rolling ground. Japan...

The laws of Liechtenstein are pro-landlord

Rent: Can the landlord and tenant agree to Liechtenstein rent freely? Rents can be negotiated freely between landlord and tenant, as can other items in a rental agreement. Rental indices exist, but these are more an orientation than a mandatory numerical value.  adhunter Liechtenstein Holiday House Vaduz The civil code does not allow disproportionate price increases. A fundamental rule is that rent can only be raised if the contract lasts more than 2 years and only proportionately to the real inflation rate. Deposits Up to three months of rent may be paid on deposit. If the landlord holds this deposit for more than a year, he shall pay for the funds the standard interest rate. How effective is the legal system in Liechtenstein? Local courts in Liechtenstein enforce Landlord and Tenant Laws, whose proceedings follow the Court Rules on Tenancy. The law tends to favor the landlord, since hardly any legal dispute goes beyond the first instance court. In fact, very few disputes were rai...

Maltese landlord and tenant law is pro-landlord.

Houses of Malta Seaview Rent: Can tenant and landlord agree to rent freely in Malta? Rent may be freely negotiated at the lease on or after 1 June 1995 of any housing entered into. This paper only covers leases made after that date.  adhunt Rent increases between landlord and tenant may be freely agreed. No law restricts the rent-raising mechanism. In some ways non-residents are still restricted on the purchase of property in Malta and the lease of property, even after EU membership has been reached. However, luxury buildings owned by non-residents can normally be rented. In addition, in specially designated prestigious areas there are no restrictions on properties purchased. Deposits for Security The parties are free to negotiate any deposit. At the start of lease it is common for the landlord to keep a month's rent as a deposit, which will be returned to the tenant at the end of the lease if all of his obligations have been fulfilled. Rent is usually paid in advance monthly, and ...

Brief History: Egyptian landlord and tenant law has recently changed

During Nasser's Arab Socialism period, the law of the landlord and tenant in Egypt was highly protective of Egyptian tenants and of their households' interests. Foreign ownership was no longer welcome in Egypt and was severely restricted during this period. As a result, real estate investment declined and Egypt soon faced housing problems due to its rapidly expanding population. Housing owners were no longer prepared to rent their properties because the rent income was unrealistically low and the eviction of tenants was virtually impossible.  directorys Egypt's modern houses of luxury In 1996, through Law No 4/1996 (as amended by Law No 137/2006), the Egyptian legislature completely decreased landlord and tenant relations, exempting all new rental arrangements from the rental control introduced by legislation at the socialist era, which began in the 1950's. This law abolishes earlier laws and instead restores the general provisions of the Egyptian Civil Code as the ...

Estonian Heritage Law provides for a (reserved) compulsory portion.

  If an alien's heritage is governed by EIL, EIL regulates the compulsory (reserved) portion. If the late person has not made a testament (or an estate contract), the mandatory part regulation does not apply and the estate is inherited only by intestate successors.  directory Under existing EILs, the descendant, ascendant or spouse who is eligible to successive intestate or who has reduced a relative or spouse's share of the estate by will (or succession contract) in comparison to their entitled share by intestate succession is legally entitled to claim a compulsory portion, according to the current EILs. The new EIL is essentially the same, effective 1 January 2009, but it includes another regulation. If a testator by choice (or inheritance contract) disinherits a descendant or parent to whom he/she has maintenance duties as a matter of family law, or if the testator reduces the share of his/her estate (compared to the share of an intestate estate), then the descendant, p...

Costa Rica's landlord and tenant law is PRO-TENANT.

Coastal properties of Costa Rica Houses for sale Oceanview Rent: Can tenant and landlord freely agree to rent in Costa Rica?  copany Initially, rents can be negotiated freely between landlord and tenant. In order to increase rent, the parties must agree to increase the annual rent in the agreement. If no agreement exists, the landlord can fill in the claim to increase the rent on an annual basis. The annual increase for housing cannot be higher than 15% of the fixed rent. In order to increase the inflation of the country to more than 15 percent, it must be above 15 percent and the increase in rents must be based on a certification of State inflation. Where housing rent is agreed in US dollars or other foreign currency, there is no annual increase. Only in cases of agreements in colones, the Costa Rican currency, is a rental increase allowed. Deposits Security deposits to cover pending rental payments or any other tenant obligations may be freely agreed between the parties...