#foreigner buying property in uk

[capexpropertiesuk]

Unraveling the Mysteries of Foreign Property Investment in the UK

Foreign property investment in the United Kingdom has long been a topic of intrigue for investors around the world. The allure of the UK's real estate market, rich history, and economic stability draws investors seeking opportunities and diversification. However, this captivating market is not without its mysteries. In this comprehensive guide, we will delve into the intricacies of foreign property investment in the UK, demystifying the process, regulations, and potential pitfalls.

[myobsessionsspace]

This is an assumption. But why do you think JK bought his property in Itaewon out of all places ? And now building a mansion there which means that will be his main house he decides to settle. I've seen all korean stars buying their homes to love with their family in more decent and high end areas like Gagnam, Hannam etc. No one really buys property in itaewon with an aim to settle there with family as it's like the party spot of SK. Itaewon is known for clubs, brothels, parties, drugs and prostitution, most only go there to party, have one night stands or do illegal activities. Someone visiting Itaewon often is eye brow raising enough so building a whole mansion there is sus af isn't it ?

Hey,

I understand tone can’t be accurately interpreted with written words, so I just want to make my tone clear first and foremost.

I’m speaking with no harshness, judgement or condescension.

DM me and we can delulu cutely together with no air of authority on the matter, cos we should know we don’t know shit, but can still want to coo and dream with others 🤗.

We’ve seen and been outraged by sasaengs and their stalking of members and called them out at times. We’ve literally seen Jungkook on live entering his apartment and being annoyed with sasaengs loitering outside of his building, he has even said in that same live that he knows people knows where he lives and posted online.

Put yourselves in their shoes, who wants millions knowing your full address and being able to turn up unannounced? Because they’re fans of your music, of your image? I’m gonna leave that there.

I will say in regards to Itaewon, I’m not Korean, I don’t have a Korean father, a Korean brother, a Korean bff who works at Hybe, nothing. I do have a friend who went on a program, studied there and lived there for years but that’s it. I don’t know anything about Itaewon apart from the Halloween tragedy and a K-Drama. So guess what I did, yup you guessed it, I GOGGLED💪

No one really buys property in itaewon with an aim to settle there with family as it's like the party spot of SK. Itaewon is known for clubs, brothels, parties, drugs and prostitution, most only go there to party, have one night stands or do illegal activities. Someone visiting Itaewon often is eye brow raising enough so building a whole mansion there is sus af isn't it ?

Incoming cheeky tone…I thought I said ‘genuine asks’? This right here sounds like laying down the groundwork to paint a certain picture of Jungkook?🤔🤨

Itaewon

You said: ‘I’ve seen all Korean stars buying their homes to live with their families in more decent high end areas like Gangnam, Hannam etc’.

I say: That’s a pretty bold, blanket statement 😬

Famous idol Rain and his actress wife and children have a home in Itaewon as do many other celebrities with their spouses, partners and families

Actor Song Joong-Ki and his British wife, who was pregnant at the time, moved to his Itaewon mansion along with her family from the UK. They welcomed a baby girl in 2023.

Chaebols like those belonging to the Samsung family also have homes in Itaewon

Doing my googles, Itaewon is known as ‘a multi-cultural commercial area located in Seoul, South Korea. It is one of the most popular neighborhoods in Seoul, known for its nightlife and trendy restaurants.’ ‘Seoul's International District’.

I know some other places that sound like the above.. London…New York…Paris…

I wonder where the prostitution, drugs and one night stands come into it for people who wanna buy or build houses in those cities?

Jungkook is currently a 26 year old multimillionaire, who is a member of one of the biggest groups in not just South Korea, but the world, so I guess he’ll have lots to do when he’s not working his ass off with his intense more than full time job. Settling somewhere with family…I’m sure he’ll take Bam into consideration in his plans, wherever it may be.

Something I did find cool when doing my googles 😁

‘Korean singer-songwriter JYP (Park Jin-young) and Yoo Se-yoon's hip hop duo UV released the song "Itaewon Freedom" in April 2011. The title alludes to (and the lyrics celebrate) a common Korean perception of Itaewon's "open atmosphere", in contrast with conventional Korean culture, which is more conservative.’

LGBTQIA+ ‘haven’ Itaewon

‘The 2020 South Korean Netflix television series Itaewon Class is set in Itaewon. The drama was praised for its diverse and inclusive cast and its realistic portrayal of subjects such as prejudice and discrimination against foreigners, ex-convicts and the LGBT people, as well as the portrayal of misbehaviors by chaebol corporations.’

Sounds like Itaewon is a cool, diverse, inclusive place, full of sites & attractions, shops and good food. If a 26+ year old man that’s been working and in the public eye since 13/14 wanted to build a home there, Itaewon sounds like a great place and a good investment.

I’d love to visit there, if I ever had the time AND money 🥲

Thanks for the ask, it caused me to learn something new!

💜

[notacyborg]

So first! I can see my work! Second that’s just down town. Before I got laid off 2 weeks ago I worked at a not for profit arts center.

Anywho! As a local like born at the Kaiser downtown.

1. Downtown is now dead because of the multiple tech crashes.

2. Downtown is dead because of foreign investors and firms like blackrock buying up all the property. So because of the tech boom and because of groups buying up property it’s almost impossible to live in the city or open a small business.

3. The Westfield mall didn’t close because of crime the rent on the space kept going up so the uk company that owns the chain of malls pulled out, in fact they pulled out of all of the USA.

But the other key to this is as someone who lived through the 89 quake the one that did this :

There are rules about how tall buildings should be what their bases have to be, my mom worked in one of the high rises at the time for the phone company her building had under ground concrete rollers so it would sway with the quake.

Out here you get above a certain height when a high one hits the building will just snap in half.

Also that whole area by the water near the bridge, build on landfill to the point where they build a high rise down there and it’s our very own leaning tower of Pisa. Millennium Tower San Francisco! Fuck the rich people who live there but it’s actually hella dangerous when the lean happens and chunks of glass fall 58 stories… think of what’s going to happen in the next big one…

Muni is great tho! And Bart is meh.

There be devils at work here

[speed-seo]

An Overview of the Market in Cyprus Cyprus has been an extremely popular destination for ex-pats looking to relocate and make the island their home. The country offers a lot of advantages for those who are interested in buying real estate property on the island. The largest city and capital of Cyprus is Nicosia, which has a population of just over 200,000 people. The second-largest city in the country is Limassol with a population of around 164,000 people. Paphos is the third-largest city in Cyprus with a population of just over 100,000 people. The island itself has a total estimated population of around 1.207 million people. How Big is Cyprus? Image by: Google Maps The island has a total land area of around 9,251 square kilometres (3,571 square miles). Cyprus is located in the eastern Mediterranean Sea and is bordered by Syria to the north, Lebanon to the west and southwest, Israel to the south and southeast, Egypt on its east side as well as a small portion of Turkey. Cyprus is a small country with a huge potential for growth. The economy of the country is mainly based on tourism, financial services and shipping. There are many different climate zones in Cyprus, with four seasons throughout the year: summer (May to October), autumn (October to December), winter (December to February) and spring (February to May). How Stable is The Real Estate in Cyprus? The real estate market in Cyprus is considered one of the most stable and secure in Europe, with a very low-interest rate. The Cypriot real estate market has grown tremendously over the last decade, mainly due to the growth of tourism in Cyprus. The government has made it very easy for foreigners to purchase real estate property in Cyprus by introducing new legislation, which allows non-residents to buy properties without having to go through the lengthy and costly process of getting a Cypriot residency. Why invest in Cyprus - Investment opportunities The number of foreign investors has grown considerably since Cyprus joined the European Union in 2004, with many Europeans choosing to buy property in Cyprus as an alternative to the UK, where house prices have risen sharply. In this article, we will look at the main reasons why you should consider investing in Cyprus property. We will help you understand the Cyprus real estate market and give you a better idea of what to expect if you decide to buy property in the country. Which are the 8 most important reasons for investing in real estate in Cyprus? - The Cyprus market is one of the most stable in Europe and has been so for a number of years. - Property prices have remained fairly steady over the past few years, with some areas experiencing a small increase in prices. - There is an excellent choice of properties to choose from, including apartments and villas with sea views. - The Cyprus property market has been unaffected by the recent economic crisis and is still considered a safe haven for foreign investors. - Property prices in Cyprus are considerably lower than in other European countries such as the UK or France. - There are many areas to choose from, including the coastal towns of Limassol and Larnaka as well as inland Nicosia. - There are a number of incentives for foreign buyers in Cyprus, such as tax breaks and the ability to purchase property from a foreign company. - In recent years, Cyprus has become known as a popular destination for ex-pats from all over the world. Now, with this exciting introduction, let's get to the meat of the article. Real Estate Best Definition Real estate is a term used to describe the physical property and land that is used to produce income. It can include anything from housing and apartments to commercial and industrial buildings. Real estate also includes the rights and obligations of the client, the agent's evaluation of the property, professional conduct, convenience, notary public service, and document templates that simplify procedures such as signing documents and real estate in general. How Important is Data for Real Estate? The real estate market is a data-driven industry, in order to make the best decisions, agents and brokers need access to accurate, up-to-date information on properties, prices and trends. The advent of the internet has only made this more true. Nowadays, almost all real estate transactions are handled electronically, and buyers and sellers can access a wealth of information online. Real Estate Data Analytics & Market analysis Transaction volume and value by district (2021) Image Source: Department of Lands and Surveys (DLS), PwC Analysis  Market analysis and data, especially for real estate, are usually not freely available in Cyprus. It can be hard to find reliable data and market analysis on the Cypriot property sector. A lot of this information is available in Greek and even then, it is often hard to find. Once this data is found, it is often unclear and hard to interpret. The data is usually in a PDF format or worse, an image file (such as JPG) that can't be searched. This data can be used to inform business decisions about where to invest money in new property developments, for example. By analyzing trends in sales prices, vacancy rates and other indicators, businesses can make more informed choices about where to put their money. Real estate has always been a data-driven industry, but in recent years the amount of data available has exploded. This new type of data, known as "Big Data", allows companies to make better decisions, such as which property to build and how to price it. In addition, this data helps agents serve their clients more efficiently and provide a more tailored experience for buyers and sellers of real estate. In today's market, homebuyers do research online before they even look at the real estate market. These searches lead to website searches that can be tracked and generate client data. Real estate agents looking to expand their client base can use this data to find potential client profiles and increase sales. You just need to know what methods to use and how to get the best numbers. Here are some ways you can make better use of real estate agent data when the opportunity arises: Investing in real estate data is big business Anyone who sells real estate knows that the right client and the right timing are critical to developing a business. To increase leads, look at the information that tells you which consumers are most likely to buy a home in the future. Networks like Zillow and Trulia collect data from online searches and offer real estate sellers digital advertising space and more detailed website features. Companies like SmartZip and Buyside analyse Big Data to help real estate agents target potential buyers. These companies use the seemingly unmanageable amount of consumer data to gain insights that can predict where homeowners will list their homes, who high-income renters are likely to buy a home from, or which households have access to credit. Experian is a company that offers information that can be used for potential lead generation, such as its income targeting reports. Real estate leads discovery through free data Not every real estate agent can afford to pay for leads that may or may not result in a sale. If you are looking for clients that fit your demographics and local market, free sources of information can help ensure you have enough resources. Data from property records, such as where someone has lived and for how long, US Census Bureau data and City-Data.com are also freely available and can help you stay up to date on the demographics of a neighbourhood, improving your chances of effectively targeting the market.  Search for your target audience Focusing on small niche areas of the real estate market can sometimes be the most effective way to get your message to the people who need it most. In your search for potential clients, keep the following in mind: In addition to searching for specific neighbourhoods and cities, there are several other ways to search for potential clients. For example, you can use a tool like Google's Keyword Planner to see what keywords are most commonly searched for in your area of interest. You can also search for the most common questions asked by people in your area of interest. Are there different types of real estate? Yes, there are many different types of real estate. Some of the most common ones include: - - Residential and commercial property - - Sale and lease - - Land, house, and building - - Local and international Each type of property has its own characteristics that can make it suitable for different people. For example, detached houses are usually larger and more expensive than flat buildings. On the other hand, flat buildings can be a good option for people who want to live in smaller spaces or invest in real estate. The fact is that there are many different types of real estate. And if you are planning to market your real estate business, get into the real estate business, or simply find the best value you can ask for your property, you should know how to choose the right type of real estate for your needs. Residential and commercial property Residential property is a property where people live, such as houses and flats. Commercial real estate is shops, restaurants and office buildings. In either case, a real estate agent will help you find, buy, rent or sell a property. There are no legal restrictions on foreigners buying property in Cyprus and you can buy a house just as easily as a local. Note, however, that the buyer must not have a criminal record and must meet the requirements. In Cyprus, the property market is booming as prices have risen considerably in recent years. This is due to the increasing demand for property by foreign buyers, especially from Greece and Russia. In recent years, the number of people moving to Cyprus has increased significantly due to the financial crisis in their home countries. Sale and lease Leasing is like renting a property where the owner transfers the use of the property to the tenant in exchange for money. on the other hand, the sale of a property is the transfer of ownership from one entity to another in exchange for money. The difference between leasing and selling should not be confusing, since there are many similarities between the two. The main difference is that leasing will not be responsible for any repair or maintenance of the property while selling a property means that you have to pay all expenses. The tenant (leaseholder) owns and uses the property during the term of the lease, but does not own the property. The seller loses possession and the right to use the property when the sale process is completed. The tenant (leaseholder), on the other hand, cannot transfer his rights to another person unless he obtains permission from the landlord (lessor). Commercial leases are also common and give the tenant the right to use the space for business purposes. Leasing and selling are two different ways to make money from property. Land, house, and building The land is the most basic type of real estate and refers to the natural features of a geographic area, such as mountains, rivers, and forests. House is a man-made structure that is used as a place to live or work. A building is a man-made structure that is used for other purposes, such as a store or factory. Local and international International real estate is a global industry, which has seen a lot of changes in recent years. Real estate is a very lucrative business and has been attracting investors from all over the world, who are looking to invest their money in safe investments. Cyprus's real estate market is a great example of how this industry has evolved in recent years. The real estate market of Cyprus is a very attractive investment opportunity for many investors, who are looking to invest their money safely and with great returns on the investment. With local real estate, you'll be more familiar with the area and what it has to offer in terms of amenities and attractions. You'll also have an easier time getting around, as you'll already know your way around. However, international real estate can come with some tax benefits, as well as opportunities for investment. Additionally, if you're looking for a change of scenery, an international property might be just what you're after. What is C2C in real estate? C2C in real estate stands for "customer to customer." It is a term that is used to describe the process of a customer buying or selling a property to another customer without the use of a middleman or broker. C2C also describes certain marketing trends in the real estate industry. In this type of transaction, buyers and sellers are connected through a digital platform, such as the internet or a mobile app. This allows for a more direct connection between the buyer and seller, and it often results in a faster sale. The C2C (Contract to close) Do NOW model This is a model that can be used in the closing process. It's important to note that this model is not for every situation and it will work best with specific types of transactions, such as home sales. The C2C (Contract to close) model is becoming more and more popular in the real estate world, as it helps buyers and sellers to get the property they want more quickly and efficiently. The goal of the C2C (Contract to close) model is to move quickly and smoothly through the buying process, minimizing potential risks and maximizing chances for a successful closing. The key to success with this model is communication and transparency between all parties involved. By following the proper steps and guidelines, you can successfully complete your own contract-to-close transaction using the C2C (Contract to close) model. Why real estate startups are moving from B2C to C2C Real estate startups are moving away from B2C to C2C because of new trends in the industry. These new trends include, but are not limited to, the following: - - A growing interest in the sharing economy and collaborative consumption - - The decreasing popularity of traditional brokerages - - The increasing demand for data and analytics - - The increasing availability of technology to create new marketplaces - - The growing interest in the real estate industry from investors and startups - - The increasing interest from investors in real estate startups Why C2C in real estate is important? The C2C (consumer to consumer) market is growing in popularity as it becomes more well-known. This market is cost-effective for both the buyer and the seller, and the number of products for sale by consumers is steadily rising. C2C is an appealing business model for retailers due to the popularity of social media and other online channels that allow buyers and sellers to connect more easily. Real Estate in Cyprus In Real Estate marketing, it is important to understand the Cyprus real estate market. The island of Cyprus is divided into two parts, the Greek Cypriot side and the Turkish Cypriot side. This division has led to a lot of political and economic issues that have affected the real estate market in Cyprus. The Greek Cypriot side is an EU member state while the Turkish Cypriot side is not. Now the strongest marketing is mainly focused on the EU Cypriot market side. This is due to the fact that most of the buyers are from Europe and they prefer to buy a property in an EU member state. The Turkish Cypriot side has been left out in the marketing. The Greek Cypriot side is the most populated area in Cyprus and it has a strong economy. Real Estate is Booming in Cyprus! The real estate market in Cyprus is growing rapidly, with more and more people investing in property. The real estate and construction sector are one of the key pillars of the economy, contributing 17% to the country's GVA. However, the pandemic disrupted growth in 2020, with a 19% decrease in the number of properties transacted and a 32% decrease in transaction value. Despite the disruptions caused by the pandemic and later in the year the Cyprus Investment Programme (CIP) terminated, the Real Estate and Construction sector's GVA output dropped marginally (1%) during 2020. This highlights the resilience of the sector and its importance to the overall economy. The growth in real estate transaction activity observed over the past years was disrupted in 2020. The total volume and value of properties transacted in Cyprus through the DLS recorded a significant drop during 2020 compared to 2019. Why Real Estate is Booming in Cyprus? This was mainly attributed to the following: 1. From January to May 2019, the market experienced an influx of transactions from foreign buyers mainly arising from the anticipation of the revisions in the CIP investment criteria (which were effected from June 2019 onwards). 2. The spread of the pandemic, which resulted in businesses and individuals deferring investments in the face of physical restrictions and increased economic uncertainty, exacerbating the prevailing reduced levels of activity, observed throughout 2020. Cyprus Real Estate Fast Statistics Specifically, the total number of properties transacted during 2020 reached 14.000, compared to 17.200 in 2019, representing a 19% decrease. In transaction value terms, an even sharper drop was observed, with total transactions reaching €3,0bn during 2020, indicating a reduction of 32% (2019: €4,4bn). Source: Real Estate Full Year Review 2020 Best 10 real estate brokers in Cyprus that offer an exceptional customer experience The best real estate agents in Cyprus are the ones you need to contact first. They are the ones who can provide you with all the information you need to buy a property in Cyprus. We tell you the 5 best real estate agents in Cyprus: 1. The Plaza Real Estate Limassol: The Plaza Real Estate Limassol Address: Plaza Estates Ltd.Amathountos 20, Agios Tychon, Cyprus This is a very popular real estate agency in Limassol. They have been in business for over 35 years and know everything there is to know about the Cyprus property market. Plaza Real Estate Limassol is a very well-known name in Cyprus and that is why many people turn to them when they want to buy a property. The Plaza Real Estate Limassol has been awarded as the best real estate agency in Limassol for many years. This is due to their dedicated work and excellent customer service. The Plaza Real Estate Limassol has a large team of professionals who can help you buy a property in Cyprus. They are all very experienced and know everything there is to know about the market. Visit their website for more information: PlazaCyprus.com Plaza Real Phone Number: (+357) 70006466 2. Altamira Real Estate Agency Altamira Address: Altamira Real EstateMegalou Alexandrou 1, Latsia 2235, Cyprus Altamira Cyprus real estate agent has had a strong presence in the market for many years and is considered an expert in the field of real estate. The company enjoys a good reputation and the experience of its staff is among the best in Cyprus. This agent also offers a range of services to meet your needs, so do not hesitate to contact them. You can also visit the company's website for more information: altamirarealestate.com.cy Altamira Cyprus Phone Number: (357) 22696500 3. REInvest Real Estate Cyprus REInv Address: REInvest Real EstateNikis Center, Kyriakou Matsi 11-7th Floor, Nicosia With over 25 years of experience in the property market, they are also the leading real estate agency in Cyprus. They have built a network of real estate professionals who know the property market and will guide you through the entire process from start to finish. URL: reinvest.com.cy REInv Phone Number: (357) 22477600 4. Read the full article

[mandrocles]

Thatcherism with chinese characteristics

In the 1970s a right-wing english think-tank published a study of voting patterns which had enormous consequences as they found two main effects, one obvious and the other non-obvious and very important:

People who owned a car, owned property, invested in shares for retirement, voted for right-wing parties far more than people who used public transport, rented housing, had a defined benefit pension. This seems obvious because the former usually have higher income and status than the latter.

This difference however was largely independent of income and status. Particularly important for voting was that people with low income and status would often vote for right-wing parties if they owned very modest cars, property, and tiny investments in shares.

After that study right-wing parties across the world, but primarily in the UK, USA, Australia adopted policies to undermine public transport, rented housing (especially if public), and defined benefit pensions, with various excuses, and to subsidise directly or indirectly car travel, property ownership, share based pension accounts.

Note: with time it turned out that the key element is property ownership but only coupled with a solid expectation of long-term huge property profits redistributed from the lower classes.

"There were even prophetic council house sales by local Tories in the drive to create voters with a Conservative political mentality. As a Tory councillor in Leeds defiantly told Labour opponents in 1926, ‘it is a good thing for people to buy their own houses. They turn Tory directly. We shall go on making Tories and you will be wiped out.’ There is much of the Party history of the twentieth century in that remark."

"bought his council house in Devon in the early 80s for £17,000. When it was valued at £80,000 in 1989, he sold up and used the equity to put towards a £135,000 fisherman’s cottage in St Mawes. Now it’s valued at 1.1m. “I was very grateful to Margaret Thatcher,” he said.¨

These policies are the reason for the enduring appeal of thatcherism/reaganism for many voters who are workers, even if thatcherism/reaganism policies also include cutting wages and salaries and pension and social insurance, because those voters gain much more with property profits than they lose otherwise.

These policies are being implemented with great zeal in the People's Republic of China by the Communist Party of China: almost all social housing in the PRC has been privatized by the CPC, and the CPC has invested massively in promoting car ownership (even if there has also been big investment in public transport, in particular trains).

Now the CPC wants to switch PRC pensions from defined benefit to share investment accounts, as reported by the right-wing USA organization "Council for Foreign Relations":

"Beijing is pushing Chinese citizens to plan for their own retirements. On December 15, Chinese authorities launched a national expansion of their two-year old pilot private pension pilot project. According to the state circular issued jointly by tax, finance, and human resource bureaus, citizens participating in either of the two primary state retirement systems are authorized to open private pension accounts."

The only possible rationale for these moves is that the Communist Party of China has become vigorously anti-socialdemocratic, anti-socialist and anti-communist and intends to create a large base of car, property and share owners committed to thatcherism/reaganism and right-wing policies. China-mainland has been switching to a thatcherite/reaganite system like China-Taiwan, China-HongKong, Singapore, and previously the USA, the UK, etc.; this will also discourage productive investment and greatly increase financial speculation and rentierism.

That is not surprising: my guess is that virtually all the officials of the Communist Party of China own one or more cars and also significant portfolios of properties and shares, and are determined to protect their investments from the possibility of social-democratic, socialist or communist policies, and since they are all educated in marxism they understand well what their class interests are.

It is quite ironic that the Communist Party of China is today the party run by and representing the interests of landlords and speculators, the same as the Republican and Democratic parties in the USA or the Conservative, New Labour and LibDem parties in the UK.

[torreviejatranslation]

TorreviejaTranslation: Moving from UK or USA to Spain Made Easy

Thinking of How to move to Spain from USA? This is an exciting adventure that brings new opportunities and experiences. However, such a significant change requires careful planning and preparation. Relocation to Spain can be rewarding with the right resources and guidance. Prepare yourself to embrace a new beginning in a beautiful country. TorreviejaTranslation assists those moving to Spain in their relocation process. The service offers useful information about the local area, housing, and legal requirements. It offers support for newcomers and those looking to settle down. You can access practical tips on finding a home and understanding local customs. Thus, it helps newcomers to make an informed decision and feel confident about their choice. The service aims to make the transition as smooth and enjoyable as possible. Understanding the Basics of Relocation: TorreviejaTranslation is your go-to resource for all things related to moving. Firstly, gather all of your important documents, such as your passport and visa. Ensure that your paperwork is organized and verified to avoid problems at customs or when applying for residency. Research the local regulations in Spain concerning foreign residents. Understanding the basic rules and regulations can make the settling a lot easier. Finding a Home That Suits You: Once the paperwork is sorted, the next step involves finding your new home. The Spanish property market can be different from that you are used to within the UK or USA. Explore various neighborhoods and see what fits your lifestyle best. Consider your needs, such as easy access to amenities, work, or healthcare. TorreviejaTranslation can help you negotiate local rental and buying procedures and gain access to lists of property that suits you. Making the Move from the UK: If you are planning on moving to Spain from UK, then there are things you must consider. Shipping personal belongings can quickly become costly, so it's wise to declutter before the big move. Determine what you need to take, what can be sold, or even donated. Connecting with local moving companies that deal with international relocations will make the process easier. TorreviejaTranslation would help with everything from packaging to customs clearance and make the transition smoother. Exploring the Beautiful Areas: Once settled, take time to explore your surroundings, especially the beautiful areas like Orihuela Spain. TorreviejaTranslation provides local insight which helps you find hidden gems. Moving to a new country is both exciting and overwhelming. By taking a few easy steps and using resources, you can easily navigate the process. Start planning now! For more information, visit https://torreviejatranslation.com/ Original Source: https://bit.ly/3VBZ3AO

[aurianneor]

Restricting individual wealth

The Gracchi brothers brothers, Gaius and Tiberius, were tribunes, the equivalent of our deputies, and they wanted to tackle the problems of the time. The rich were few in number but owned almost all the land. As they produced all the cereals, they agreed among themselves to set a high price and brought in foreigners to work for very low wages that Roman citizens would not accept. By 133 B.C., Rome was plunged into widespread poverty, which tormented the city. The Gracchus brothers passed a law called property, which stated that property had a limit in quantity, beyond which it was toxic for society, and a limit in use, according to which just because it’s mine doesn’t mean I can do what I want with it. The Gracchi brothers were seized by the rich and their henchmen and thrown into the Tribe. What followed was 100 years of civil war between the plebs and the rich, before Emperor Augustus established the laws of the Gracchus brothers, taking advantage of the turmoil caused by the death of Julius Caesar (who had won the civil war by fighting the ultra-rich). Four hundred years of peace and prosperity followed.

In 1930, in France, judges created the public water utility, nationalizing the sources. This showed that private property is not sacred. They expropriated the owners, and that was normal. Léon Blum was harassed and left office.

Labour’s 1945 victory in the UK led to the expropriation of mine owners. Ownership is not absolute. Owners became less wealthy and this drove them below the toxic limit.

Franklin D. Roosevelt led major campaigns to nationalize energy, raw materials, armaments and roads, and introduced public granaries (the state buys food to guarantee prices). The group prevailed over private property. If ownership went against the group’s interests, nationalization could be considered. He took the assets appropriated by the ultra-rich and redistributed the gains for the general good. The New Deal brought prosperity to America for 40 years. Franklin Delano Roosevelt is the only American president to have been elected four times, and he died in office. He had strong public support. The United States is reputed to be capitalist by nature, but this is a myth. When presented with a very socialist program, the people embrace it. Michael Moore in Fahrenheit 11/9 used polls to prove that Americans’ aspirations are not capitalist. 70% are for health insurance, 62% are for unions, 58% are against supporting banks, 61% for raising the minimum wage, etc. (cf. American people’s choice).

Franklin D. Roosevelt – Wikipedia: https://en.wikipedia.org/wiki/Franklin_D._Roosevelt

New Deal – Wikipedia: https://en.wikipedia.org/wiki/New_Deal

On November 24, 2013, a law was passed in Switzerland limiting wages to 250 times the minimum wage. This means that for the highest wages to rise, the lowest wages must be increased. The rich are very happy in Switzerland. By way of comparison, in France in 2019, CAC40 bosses earned 1128 times the salary of their most modest employees.

In Ukraine in 2022, President Zelensky took advantage of exceptional war powers to nationalize the banks, TV channels and industries owned by the oligarchs. The oligarchs were so wealthy that they decided everything in the country, while the Ukrainian coffers were empty.

When Elon Musk intervenes in the war in Ukraine, it’s too much. When Mark Zuckerberg promotes Trump’s election to enrich himself, it’s too much. When someone is rich enough to have their own space program or has more money than a country, it’s too much. When your decisions can ruin the lives of millions of people even though you weren��t elected, it’s too much. When the richest 1% of humanity emit 100 times more greenhouse gases than the other 99%, it’s too much.

These people deserve to be rich, but not that rich. They have never given back to society what society gave them in the first place. They offer philanthropy in return, but it’s selective solidarity because they decide how much and to whom they give the money. The society has trained their employees with schools and universities; they are healthy thanks to hospitals, there are roads, railroads and airports to transport their goods. There is a police force and an army to protect them, and a justice system to enforce their rights. There are natural resources to feed their industries, and so on.

What’s more, they influence politicians to pay less tax and inheritance tax. Most of the richest people inherited. They have done nothing for society. They don’t pay their fair share of taxes.

Les 1 % les plus riches ont empoché plus de 40 000 milliards de dollars au cours des 10 dernières années, alors que le niveau d’imposition des plus riches atteint des niveaux historiquement bas – Oxfam: https://www.oxfam.org/fr/communiques-presse/les-1-les-plus-riches-ont-empoche-plus-de-40-000-milliards-de-dollars-au-cours

Les riches menacent-ils la démocratie – Arte: https://www.arte.tv/fr/videos/109816-010-A/les-riches-menacent-ils-la-democratie/

Columbia University believes that $100 million is the limit. It’s more than enough for the individual and not enough to be toxic.

Limit On Wealth – Stephen H. Unger: http://www1.cs.columbia.edu/~unger/articles/wealthLimit.html)

What, if Anything, is Wrong with Extreme wealth – Ingrid Robeyns: https://www.tandfonline.com/doi/epdf/10.1080/19452829.2019.1633734?needAccess=true&role=button

Having too Much – Ingrid Robeyns: https://www.openbookpublishers.com/books/10.11647/obp.0338

Capitalisme américain, le culte de la richesse (1/3) | ARTE: https://youtu.be/0j1UDBqR-oM?feature=shared

Faire casquer les riches | Capitalisme américain, le culte de la richesse (2/3) | ARTE: https://youtu.be/uccQqNg2tF8?si=3hep4x297rSSZ7Bu

Elon Musk: Last Week Tonight with John Oliver (HBO): https://youtu.be/Eo3zORUGCbM?si=TUxpdymb6rV3Xd2x

Noir Désir – L’homme pressé: https://youtu.be/by1RRP9wa_Y?si=mK5wb4sZn3YnRsB8

World’s five richest men double their money as poorest get poorer – The Guardian: https://www.theguardian.com/inequality/2024/jan/15/worlds-five-richest-men-double-their-money-as-poorest-get-poorer

The cost of extrême wealth: https://costofextremewealth.com

La ploutocratie, les riches au pouvoir ? – France Inter: https://www.radiofrance.fr/franceinter/podcasts/zoom-zoom-zen/zoom-zoom-zen-du-jeudi-04-avril-2024-8390390

Épisode 1/4 : Rends les terres ! Réforme à Rome, va te faire voir chez les Gracques – France culture: https://www.radiofrance.fr/franceculture/podcasts/le-cours-de-l-histoire/rends-les-terres-reforme-a-rome-va-te-faire-voir-chez-les-gracques-1597994

Super-héritages : le jackpot fiscal des ultra-riches – Oxfam France: https://www.oxfamfrance.org/rapports/super-heritages-le-jackpot-fiscal-des-ultra-riches/

-----------------------------------------------------------------

Limiter la richesse individuelle: https://www.aurianneor.org/limiter-la-richesse-individuelle/

A slice of the cake: https://www.aurianneor.org/a-slice-of-the-cake/

The richest 1% are at war with the rest of the world: https://www.aurianneor.org/the-richest-1-are-at-war-with-the-rest-of-the-world/

Working class racism: https://www.aurianneor.org/working-class-racism/

Solidarité Hélvétique: https://www.aurianneor.org/solidarite-helvetique-democratie-semi-directe/

Wall Street (1987): https://www.aurianneor.org/wall-street-1987/

Freedom and coexistence: https://www.aurianneor.org/freedom-and-coexistence/

Tomorrow – Chap 4: La démocratie: https://www.aurianneor.org/tomorrow-chap-4-la-democratie-the-panama/

Qui se cache derrière le drapeau?: https://www.aurianneor.org/qui-se-cache-derriere-le-drapeau/

Quelle époque!: https://www.aurianneor.org/quelle-epoque-soyons-daccord-emmanuel-macron/

Illegitimate authorities: https://www.aurianneor.org/illegitimate-authorities/

Ecoterrorism: https://www.aurianneor.org/ecoterrorism/

You can’t get enough… Enough!: https://www.aurianneor.org/you-cant-get-enough-enough-the-same-companies/

“The world has enough for everyone’s need, but not enough for everyone’s greed”: https://www.aurianneor.org/the-world-has-enough-for-everyones-need-but-not/

Cut out the middleman: https://www.aurianneor.org/cut-out-the-middleman/

Housing: https://www.aurianneor.org/housing/

Retirement pensions: https://www.aurianneor.org/retirement-pensions/

Living with dignity: https://www.aurianneor.org/living-with-dignity/

The Rust Belt: https://www.aurianneor.org/the-rust-belt-2/

Representation of capitalism trying to take all the resources and trying to make workers live nothing but work: https://www.aurianneor.org/representation-of-capitalism-trying-to-take-all-the-resources-and-trying-to-make-workers-live-nothing-but-work/

“Capitalism will eat democracy; unless we speak up”: https://www.aurianneor.org/yanis-varoufakis-capitalism-will-eat-democracy/

Simon Sinek – Start with why: https://www.aurianneor.org/simon-sinek-start-with-why-bonuses/

When you have a hammer in your hand everything looks like a nail.: https://www.aurianneor.org/when-you-have-a-hammer-in-your-hand-everything/

The Red and the Yellow: https://www.aurianneor.org/the-red-and-the-yellow-red-scarves-against-yellow/

Le référendum est une arme qui tue la violence: https://www.aurianneor.org/le-referendum-est-une-arme-qui-tue-la-violence-oui/

Le levier économique: https://www.aurianneor.org/le-levier-economique-charles-stewart-parnell/

Fed up with strikes? Ask for referendums!: https://www.aurianneor.org/fed-up-with-strikes-ask-for-referendums/

The Modern “chiffon rouge”: https://www.aurianneor.org/the-modern-chiffon-rouge/

Rich: https://www.aurianneor.org/rich-it-was-a-beautiful-day-and-the-scenery-was/

What I am worth depends neither on market nor on race: https://www.aurianneor.org/what-i-am-worth-depends-neither-on-market-nor-on-race/

My hormones want admiration: https://www.aurianneor.org/my-hormones-want-admiration-i-want-to-shine-im/

Dans les territoires ultramarins, une population en colère exclue du progrès: https://www.aurianneor.org/dans-les-territoires-ultramarins-une-population-en-colere-exclue-du-progres/

Work, it’s an all-or-nothing option: https://www.aurianneor.org/work-its-an-all-or-nothing-option/

Législatives 2024: choisir la gauche ou la droite: https://www.aurianneor.org/legislatives-2024-choisir-la-gauche-ou-la-droite/

2024 UK general election: choosing the Right or the Left.: https://www.aurianneor.org/2024-uk-general-election-choosing-the-right-or-the-left/

[lio23576]

Dubai real estate market comparison

A comparison of the Dubai real estate market with other major global cities provides valuable insights into its unique advantages and challenges. Here's a breakdown of how Dubai's real estate market compares in key areas like pricing, rental yields, investment opportunities, regulation, and taxation with cities such as London, New York, and Singapore.

1. Property Prices

Dubai: Property prices in Dubai are generally more affordable compared to other global cities. As of 2023, average property prices per square meter in Dubai range from $3,000 to $6,000 depending on the location and type of property. Luxury areas like Downtown Dubai, Palm Jumeirah, and Dubai Marina tend to be at the higher end, but still lower than their global counterparts.

London: The average price per square meter in central London can range from $15,000 to $25,000, making it significantly more expensive than Dubai, particularly in prime areas like Mayfair or Kensington.

New York: In Manhattan, the average property price per square meter ranges between $10,000 and $20,000, with luxury apartments in areas like Central Park or Tribeca commanding even higher prices.

Singapore: Singapore’s property market is also pricier, with average costs in the city center ranging from $15,000 to $25,000 per square meter, similar to London and New York.

2. Rental Yields

Dubai: Dubai’s real estate market is known for offering high rental yields compared to other cities. Investors can expect rental returns between 5% to 8% in many areas. More affordable districts like Jumeirah Village Circle (JVC) or Dubai Sports City often offer even higher yields.

London: Rental yields in London are typically lower, ranging from 2% to 4% in central areas. High property prices relative to rental income lead to lower returns for investors.

New York: Similar to London, New York’s rental yields are generally between 2% and 4%. Investors typically seek capital appreciation rather than relying solely on rental income.

Singapore: Singapore offers relatively moderate rental yields, usually between 3% and 5%, depending on the location and type of property.

3. Taxation and Investment Climate

Dubai: One of the key attractions of Dubai’s real estate market is its tax-free status. There are no capital gains tax, no property taxes, and no income tax on rental income, which makes it highly appealing for foreign investors.

London: In the UK, there are stamp duty taxes, capital gains tax, and inheritance taxes on property. Non-residents also face tax implications on rental income, making it less tax-friendly than Dubai.

New York: The US real estate market is subject to capital gains tax, property tax, and income tax on rental earnings. Property taxes are particularly high in New York, adding to the cost of ownership for investors.

Singapore: Singapore imposes property taxes, stamp duties, and capital gains tax on foreign buyers, including the Additional Buyer’s Stamp Duty (ABSD), which significantly raises the cost of investment for non-residents.

4. Foreign Ownership Laws

Dubai: Dubai allows full freehold ownership for foreign investors in designated areas. Expats and non-residents can buy, sell, and lease properties with full legal rights in freehold zones like Dubai Marina, Downtown Dubai, and Palm Jumeirah.

London: The UK has no restrictions on foreign ownership of property. Non-residents can buy property, though they may face higher taxes and costs compared to residents.

New York: Foreigners are allowed to purchase real estate in New York without restrictions. However, foreign investors are subject to additional scrutiny, taxes, and costs, especially for luxury properties.

Singapore: Foreigners can buy apartments but face significant restrictions on purchasing landed properties (houses). Additionally, Singapore’s Additional Buyer’s Stamp Duty (ABSD) for foreign buyers adds substantial cost to real estate investment.

5. Market Maturity and Growth Potential

Dubai: Dubai’s real estate market is relatively young and growing compared to more established markets like London and New York. The city is still undergoing rapid development, with new projects like Dubai Creek Harbour, Meydan One, and Expo 2020 District offering growth opportunities. While this presents potential for capital appreciation, Dubai’s market can also be volatile and impacted by supply-demand imbalances.

London: London’s real estate market is highly mature and seen as a stable investment, particularly for long-term capital appreciation. However, growth rates in prime areas have slowed down in recent years, and Brexit has added some uncertainty to the market.

New York: New York’s market is also well-established and known for its long-term capital appreciation. However, like London, it is highly competitive, and growth has slowed in recent years, particularly in luxury segments.

Singapore: Singapore’s market is highly regulated and stable, with steady capital appreciation in key areas. The government’s interventions to curb speculation have led to slower but more sustainable growth, making it a safer option for conservative investors.

6. Risk Factors

Dubai: The Dubai market is considered riskier compared to more established global cities. Factors such as market oversupply, economic dependence on oil and tourism, and geopolitical risks can cause price volatility. However, the government has introduced reforms and regulations to stabilize the market.

London: London is seen as a relatively safe and stable market, but high entry costs and Brexit-related uncertainties have added some risk, particularly for international investors.

New York: New York’s market is stable but highly competitive and expensive, making it less accessible to many investors. Economic factors such as interest rates, tax policies, and global economic conditions can also affect market performance.

Singapore: Singapore is viewed as one of the most stable real estate markets in Asia. However, government cooling measures, high entry costs for foreign buyers, and restricted property types can limit investment flexibility.

7. Infrastructure and Quality of Life

Dubai: Dubai offers a modern, high-quality lifestyle with excellent infrastructure, from transportation to healthcare and entertainment. It is a global hub for expats and businesses, with a focus on luxury living and tourist attractions like Burj Khalifa, Palm Jumeirah, and the Dubai Mall.

London: London is one of the most prestigious cities in the world with historic landmarks, top-notch education, and a rich cultural scene. It offers high-quality infrastructure, but the cost of living is significantly higher than Dubai.

New York: New York is a major global city, known for its financial and cultural influence. It offers high-quality infrastructure, but also a high cost of living, especially in Manhattan.

Singapore: Singapore is renowned for its clean and efficient city planning, excellent healthcare, education, and safety. It is one of the most expensive cities to live in, but also offers a high standard of living.

[chrismichaelcylol]

Cyprus Real Estate: A Rollercoaster Ride of Market Trends and Price Fluctuations

The Cypriot real estate market has experienced significant ups and downs over the years, reflecting the island's economic and political landscape. From boom times to challenging periods, the journey of property for sale in Cyprus has been nothing short of a rollercoaster ride. Let's delve into the fascinating history of this market and explore the factors that have influenced property prices over the decades.

The Early Years: Post-Independence Boom (1960s-1970s)

Following Cyprus's independence in 1960, the real estate market experienced a period of growth. The emerging tourism industry sparked interest in coastal properties for sale Cyprus, particularly in areas like Famagusta. During this time, property prices saw a steady increase as both locals and foreigners invested in holiday homes and hotels.

Turbulent Times: The Impact of the 1974 Invasion

The Turkish invasion in 1974 had a profound effect on the Cyprus property market. The division of the island led to a significant drop in property values, especially in the north. In the government-controlled areas, there was an initial slump followed by a gradual recovery as displaced Cypriots sought new homes.

Recovery and Growth: The 1980s and 1990s

The 1980s marked the beginning of a recovery period for the Cyprus real estate market. As the economy stabilized, property prices began to rise again. The 1990s saw an influx of foreign buyers, particularly from the UK and Russia, attracted by the island's climate and relatively low property prices. This period witnessed a steady appreciation in the value of property for sale Cyprus.

The EU Accession Boom: Early 2000s

Cyprus's entry into the European Union in 2004 triggered a property boom. Prices skyrocketed as foreign investors rushed to buy before the anticipated price hikes. Between 2004 and 2008, some areas saw property values double or even triple. This period marked the peak of the market, with luxury villas and apartments in prime locations commanding premium prices.

Global Financial Crisis: The 2008 Crash

The global financial crisis of 2008 hit the Cyprus property market hard. Property prices plummeted, with some areas experiencing drops of up to 50%. Many foreign investors who had bought at the peak of the market found themselves in negative equity. The market entered a period of stagnation, with little activity in property sales.

The Banking Crisis and Its Aftermath: 2012-2015

The 2012-2013 Cypriot financial crisis, culminating in the controversial bank deposit haircut, further depressed the property market. Prices continued to fall, and many properties for sale in Cyprus struggled to find buyers. This period saw a significant increase in distressed sales and repossessions.

The Road to Recovery: 2016 Onwards

From 2016, the Cyprus property market began showing signs of recovery. The introduction of incentives for foreign buyers, including the "golden visa" scheme, helped stimulate demand. Prices started to stabilize and then gradually increase, particularly in popular coastal areas and Nicosia.

Current Trends and Future Outlook

Today, the Cyprus property market is in a phase of steady growth. While prices have not returned to the peak levels of 2007-2008, they have shown consistent appreciation in recent years. Luxury properties and new developments in prime locations are seeing particularly strong demand.

Looking ahead, factors such as sustainable development, technological integration in homes, and changing buyer preferences post-COVID-19 are likely to shape the market. The ongoing efforts to resolve the Cyprus problem could also have significant implications for property values across the island.

In conclusion, the history of the Cyprus real estate market is a testament to its resilience. Despite facing numerous challenges, the market has consistently bounced back, adapting to changing economic conditions and buyer preferences. For those considering properties for sale in Cyprus, understanding this historical context can provide valuable insights into potential future trends.

[capexpropertiesuk]

Unlocking the UK Property Market: A Guide for Foreign Buyers

Introduction:

Unlock the doors to the dynamic and diverse UK property market with our comprehensive guide tailored exclusively for foreign buyers. Whether you're an investor, a future homeowner, or simply seeking to expand your real estate portfolio, this 600-word guide is your roadmap to understanding and conquering the UK's real estate landscape.

[whitehorsenotarypublic]

Top Reasons to Hire a Notary Public in the UK

In an increasingly complex world, navigating legal matters can be daunting. From signing official documents to validating sensitive agreements, ensuring the legitimacy of your paperwork is paramount. One solution is to engage the services of a Notary Public in the UK. Here, we’ll explore the top reasons why hiring a notary is essential for individuals and businesses alike.

1. Verification of Documents

One of the primary roles of a Notary Public is the authentication of documents. This involves verifying the identity of the signatories and ensuring that the content of the document is legitimate and accurate. Whether it's a power of attorney, a will, or an international contract, having a notary verify the authenticity can help avoid legal disputes later. The notary’s stamp or signature indicates that the document has been properly examined and that all parties involved were fully aware of its content.

2. Compliance with Legal Requirements

Certain legal transactions require notarisation by law. For instance, in the UK, if you're engaging in property transactions, witnessing signatures for business contracts, or certifying copies of documents, a Notary Public must be involved. The certification by a notary ensures that these documents meet the relevant legal standards. In many cases, especially when dealing with international transactions, notarisation is a legal requirement, without which the document may not be valid or enforceable.

3. Facilitation of International Transactions

If you're involved in international business or need to send documents abroad, you will likely need the services of a Notary Public. Many foreign jurisdictions require documents to be notarised before they are accepted. This is especially important when dealing with foreign investments, property purchases, or multinational agreements. A Notary Public ensures that these documents comply with both UK law and the legal requirements of the foreign country. Additionally, they may assist with the apostille process, where a document is authenticated for use in another country.

4. Protection Against Fraud

The world of legal documents is not immune to fraud. Forgeries, impersonations, and alterations can result in disastrous legal consequences. When you hire a Notary Public, they take on the responsibility of verifying the authenticity of the individuals signing the document. Notaries are trained to detect potential signs of fraud, and they ensure that each party signs willingly, without coercion. By requiring all parties to sign in the presence of the notary and producing identification, the risk of fraudulent activity is significantly reduced.

5. Assistance with Property Transactions

When purchasing or selling property, especially international real estate, hiring a Notary Public is critical. In many cases, you will need notarised documents to complete the sale or transfer of ownership. A notary ensures that deeds, mortgage papers, and other essential documents are signed correctly and that all parties understand the legal obligations. Whether you're buying a holiday home abroad or selling property in the UK, a notary can help ensure the transaction is legally binding.

6. Witnessing Signatures

A Notary Public acts as an impartial witness to the signing of important documents. This ensures that all signatures are genuine and that the individuals involved fully understand what they are signing. From loan agreements to business contracts, having a notary witness the signing provides an added layer of security and credibility. Furthermore, in some legal scenarios, the involvement of a notary is required for the document to be legally enforceable.

7. Certifying True Copies of Documents

Another critical role of a Notary Public is to certify that copies of documents are true and accurate representations of the original. This is often required when submitting copies of passports, degrees, or legal contracts for official purposes. By having a notary certify the copies, you ensure that they will be accepted by authorities, whether in the UK or abroad. This service is particularly valuable when dealing with immigration, visa applications, or academic verifications.

8. Ensuring the Enforceability of Legal Documents

In many instances, a document that has not been notarised may not be legally enforceable. This is particularly true in situations where a document is to be used in a court of law or presented to an official body. By hiring a Notary Public, you ensure that your documents will hold up under legal scrutiny. This can be especially important in the event of disputes or when dealing with foreign authorities, where notarisation is often required.

9. Peace of Mind in Legal Transactions

Legal transactions can be stressful, especially if you're unsure about the validity or legal standing of a document. Hiring a Notary Public provides peace of mind, knowing that your paperwork is in order and that any issues of legality or authenticity have been addressed. The notary’s involvement ensures that the document has been thoroughly reviewed and validated, giving you confidence that everything is in compliance with legal standards.

10. Protection for Businesses

For businesses, hiring a Notary Public is an investment in legal protection. Notarised documents provide a layer of security for companies involved in contracts, mergers, or international agreements. A notary ensures that all documents are signed under the correct legal protocols, reducing the risk of disputes or breaches of contract. For businesses that operate across borders, a notary can also help navigate the complexities of international law, ensuring that contracts and agreements are legally binding in multiple jurisdictions.

11. Professionalism and Impartiality

Notaries are highly trained professionals who are impartial in their work. They are obligated to act as neutral third parties, ensuring that all signatories understand the implications of their actions. Their role is to uphold the integrity of legal transactions, and their expertise provides an extra level of professionalism and trust. By hiring a notary, you are guaranteed an objective review of your documents, free from any conflict of interest.

12. Cost-Effective Legal Solutions

Although some might view hiring a Notary Public as an added expense, it is a cost-effective solution compared to the potential legal consequences of not having documents properly notarised. The cost of a notary is minimal when compared to the potential risks of legal disputes, fraud, or unenforceable contracts. By ensuring that your documents are validated by a professional, you reduce the risk of costly legal issues down the road.

Conclusion

In summary, hiring a Notary Public in the UK offers a range of benefits, from ensuring the authenticity of legal documents to providing protection against fraud. Whether for personal or business purposes, their services are invaluable in today’s increasingly complex legal landscape. By involving a notary in your transactions, you can safeguard the legality and enforceability of your documents, ensuring peace of mind and security in your dealings.

[capitalinvestgroupuk]

Explore why investing in UK property with CIG is a wise decision:

1. Enjoy a straightforward buying process 🛍️

2. No restrictions on foreign investment 🌍

3. Access established mortgages with good interest rates for overseas investors 💰

4. High demand for rental accommodation in the middle-to-upper market 🏢

Invest smartly with CIG today!

[saltedcaramela]

Why would people have to sell because of Brexit? I hadn’t heard that before! Portugal is famous for golden passports and very friendly to foreigners buying property but not sure it makes much of a difference. I’m from a non-EU country and know multiple people who own vacation places in Europe

Not being from the UK nor the EU I don’t know. Hence my question. What I know is anecdotal. UK citizens lost the ease of working and visiting the EU because of Brexit, therefore it makes sense they would’ve also lost the ease of living there too. I saw a bunch of stories from locals from France and Spain about British neighbors complaining they weren’t able to stay and having to sell their houses because of Brexit. 🤷����‍♀️

[exclusivelinksestateagents]

Millionaires fleeing London for greener pastures: Florida, Dubai and Paris top the list

As new data reveals a startling trend, it seems that millionaires are abandoning the UK at an unprecedented rate, second only to China. The recent Henley Private Wealth Migration Report indicates that 9,500 millionaires, defined in US dollar terms, departed the UK last year. This exodus signifies a record outflow for the country, with London being particularly affected.

Between the alarming trend of millionaires leaving the UK, Dubai has emerged as a popular destination for high-net-worth individuals seeking a stable and luxurious lifestyle. Dubai's property market offers a diverse range of investment opportunities, including off-plan projects in Dubai that allow investors to get in on the ground floor of upcoming developments. Additionally, buying property in Dubai provides a hassle-free experience with a transparent legal system and a strong track record of capital appreciation. 

The Great Migration: Where Are They Going?

The preferred destinations for these high-net-worth individuals (HNWIs) are varied and diverse, encompassing bustling global cities and luxurious retirement spots. Paris, Dubai, Amsterdam, Monaco, Geneva, Sydney, and Singapore are among the top urban choices. On the other hand, idyllic locales like Florida, the Algarve, Malta, and the Italian Riviera have become popular retirement havens. This trend reflects a broader pattern where other countries like India, South Korea, and Brazil also experience significant millionaire outflows.

Why the Exodus?

Henley’s report sheds light on the broader economic implications of this millionaire migration. The outflow of wealthy individuals often points to underlying issues within a country, as these individuals tend to be the first to leave in times of trouble. They are also a crucial source of foreign exchange (forex) revenue, bringing substantial wealth into their new countries, equivalent to significant export earnings.

The reasons behind this trend vary. For many, it's the search for better business opportunities, favourable tax regimes, and higher quality of life. For instance, the UAE, particularly Dubai, has emerged as a top destination due to its attractive business environment and luxurious lifestyle. The city’s tax-free income policy, along with no capital gains or inheritance taxes, presents a lucrative opportunity for wealth management and asset protection.

[thestoriesofimmigration]

These Immigrants Are Leaving Australia Because of the High Cost of Living

After moving to Australia from Bulgaria with her husband almost 10 years ago, Sonya Chuhovska is now planning to move back.

Amid increasing prices for everything from food to energy and especially housing, some immigrants like Ms Chuhovska are deciding they would be better off returning to their motherland.

Ms Chuhovska said the cost of living was a part of the reason she and her husband made the decision to leave but the decider was being able to buy a house without a mortgage.

"In Bulgaria, you can buy a house which is in a good state for about $50,000 [in a less developed suburb]," she said.

"That's quite a good incentive for [moving] instead of being stuck here paying a mortgage all your life, which feels quite heavy.

"It's a lot more freedom."

Ms Chuhovska and her husband have been sharing a rented house in the Melbourne suburb of Flemington with another tenant for the past two years.

She said they were only paying $450 per week and felt lucky their landlord had not increased their rent but the place was old and small.

"There's no dishwasher," she said. "There's no air conditioning."

Apart from property prices, she said the general cost of living was much lower in Bulgaria as well.

"Salaries are lower in Bulgaria … but my husband works in IT and he could maybe get a job from another European Union country and work remotely, so he will get a good salary," she said.

"Then you will live quite well, especially if you're not paying rent.

"I want to start my own business in Bulgaria … it's a developing country so business is kind of booming now."

As she is now a dual citizen of Bulgaria and Australia, Ms Chuhovska said the couple was not "burning the bridges".

"We can always come back," she said.

Choice of country 'a fluid state'

Zhang Renjie is another immigrant who has decided his family would be better off returning to their motherland.

The 42-year-old, who has his own foreign trade business, came to Australia in 2001 and brought the rest of his family over in 2008.

But this month the whole family is moving back to his hometown, the south-western Chinese city of Chengdu.

Mr Zhang said that he could continue to run his business from China and for the same income afford a much better quality of life, in part due to lower wages and interest rates.

"We can get a nanny to take care of the children, drive better cars and rent a very good furnished apartment," he said.

Mr Zhang said that as the cost-of-living crisis continued, leaving Australia was a frequent topic of discussion in the Chinese community.

"Quite a few of my friends moved back to China already," he said.

"Migrants' choice of living can be in a fluid state … it depends on the overall [economic and political] environment of the country.

"For example, I know the recent federal budget disappointed a lot of Chinese migrants [by proposing a reduction in migration]."

Mr Zhang said he knew he was in a special situation.

"We can work from anywhere, and our income won't be influenced by moving away, but it might be different for those whose job is physically based in Australia," he said.

"We will re-evaluate our decision around 2032 when Brisbane Olympics happen and have a look at the economic situation in Australia again.

"We will also consider moving to Singapore or UK in the future."

Bali a better option

Some other migrants, like Tiger Xiong, are choosing to leave Australia but are not heading back home.

Ms Xiong came to Melbourne as an international student after the pandemic to escape the high-pressure working conditions in China.

She had hoped to be able to support herself after graduating but discovered this was harder than she expected due to the high cost of rent, transport and food.

"I would buy things that are near expiry date or on sale," she told the ABC.

"My roommates at the time would even pick out things that were still usable or eatable from the rubbish bin.

"All of our furniture was picked up from the street.

"My family in China lives a typical middle-class life … it would be hard to achieve that standard here."

As the cost of living continued to increase, she finally decided to take an exit after graduation.

But rather than going back to China, she moved to Ubud in Bali, where she met her partner.

"I pay around $300 per month for a house with a big yard here, which was the rent for one week when I was in Melbourne," she said.

"A lot of people work as digital nomads here."

Ms Xiong said she liked that young people were less materialistic and more interested in exploring spirituality in Ubud.

"What I've always wanted is work and life balance — the pacing of life in Bali is not something achievable in Australia," she said.

She said she still liked a lot about Melbourne and would have stayed longer if it was not so expensive.

"I haven't decided to migrate to Bali permanently, because things like medical and social services are less developed here," she said.

"But for now, Bali is the right place for me."

Implications of potential migrant brain drain

According to the ABS, 22,100 permanent visa holders left Australia in 2022-23, the third-highest number in the past decade.

The net migration of people born in China dipped slightly in the June quarter of this year with the number leaving — which includes international students — up from 18,630 in the December quarter to 24,720 in the June quarter.

Associate professor Anna Boucher, a global migration expert from the University of Sydney, said there would be a relationship between skilled immigration and access to housing.

"Whilst migrants are more educated within Australia, they have less access to property, less intergenerational wealth — which drives property purchases in Australia — and less liquid assets," she said.

It does seem unlikely Australia will run out of people wanting to come here.

The latest Boston Consulting Group Decoding Global Talent survey released in April found Australia was the most desirable destination for global professionals looking to move countries for work.

Dr Boucher pointed out that while immigration was expected to fall it had been relatively high in the past couple of years and the government was actually taking steps to stem the flow.

However, she said that if Australia did become a less attractive destination compared to other places — due to high cost of living or other reasons — there was a risk the country could miss out on, or lose, more highly productive migrants.

"There's always going to be more skilled migrants who want to come here," she said.

"But the government might have to lower admission standards, or might not retain people for as long — which goes against the premise of skilled migration, which is permanent settlement.

"It's not good for employers to have migrants who stay for a while and then leave either the job or the country, because you've invested in their training and their upskilling."

She said some migrants would be sensitive to changes in cost of living, but a lot of countries were dealing with high inflation — not just Australia — and this did have flow-on effects for housing in other countries too.

"Migrants might leave thinking, 'Oh, it's going to be so much better somewhere else' — and then it's not," she said.

"That's also I think a risk in that 'grass is always greener' kind of calculus of migration decisions."

Source: https://www.abc.net.au/news/2024-06-08/why-these-immigrants-are-deciding-to-return-to-their-motherland/103912586

[petnews2day]

RAW Capital Partners intros expat, foreign nationals landlord offer  – Mortgage Finance Gazette

New Post has been published on https://petn.ws/TbVqq

RAW Capital Partners intros expat, foreign nationals landlord offer  – Mortgage Finance Gazette

RAW Capital Partners has launched a landlord loan as part of its £100m-plus fund to lend to foreign nationals and UK expats who want to invest in buy-to-let properties across the country.   Raw Capital The asset manager introduces a one-year 6.99% fix at up to 65% loan to value, with loans ranging from £50,000 to £4m on a […]

See full article at https://petn.ws/TbVqq #PetFinancialNews