August 20th, 2007 by Tea
Scots giant Dundas & Wilson has bagged a new partner for its real estate Scotland practice north of the border, the firm announced yesterday.
Paul Carter joins the ‘big four’ Scots firm as a partner in the Glasgow office from regional rival Tods Murray, where he was also a partner. (for more information click here)
August 20th, 2007 by Tea
Rural houses for sale in Scotland prices in Aberdeen have risen 27% in a year
Aberdeen has been named as Scotland’s property hotspot for 2006, with the average house price rising by 27%, a new survey has revealed.
The city was the only place in Scotland to feature in the top 20 best performing towns across the UK.(for more information click here)
August 20th, 2007 by Tea
As Aberdeen’s economy is set to increase by 2.1 per cent this year, its office market is expected to follow suit, underlying the city’s position as a major regional office location, according to international and Scottish properties consultancy, Knight Frank, as it launches its annual Aberdeen Office Market Activity Report 2007 today.
Excluding the enormous impact of Aberdeen’s oil and gas industries, the projected growth for the city’s local economy will be driven by the communications, banking and insurance sectors, with banking and insurance already demonstrating an impressive 7.7 per cent increase in 2006. The approval for plans to extend and improve Aberdeen airport will have positive knock-on effects in terms of job creation, rising passenger numbers and the impact on the economy, which will all set the scene for strong growth in the property market. (for more information click here)
August 16th, 2007 by Tea
Corporate income tax
The standard rate of corporation tax (IRES) is 33%. A local profit tax (IRAP) generally applies at 4.25% on an adjusted profit figure which is calculated by deducting production costs from sales value, with wages and interest expenses (for non-financial companies) not deductible. IRES and IRAP taxable bases are different, so the effective tax rate is not simply 37.25%. These taxes apply to an Italian or foreign resident company holding property in Italy and are generally reportable to the tax authorities on an accounting year basis.(for more information click here)
August 16th, 2007 by Tea
Buying a house in Italy is no more complicated than buying a house in Britain provided that the appropriate precautions are taken, especially with regard to legalities. This means ensuring that you have independent legal advisors. Many agents offer legal advice as part of their range of services. Though this may seem to simplify the purchasing process, there may be a conflict of interests should you require changes or clarifications of the contract. An independent lawyer is motivated solely by the desire to make sure that the property you buy has good title, appropriate planning consent, is free of debt, charges and other burdens. This motivation is compromised if the agency selling a property to you is also advising you legally.(for more information click here)
August 16th, 2007 by lana
Olav Thon, an 81-year-old homebuilder and commercial real estate developer, emerged as the wealthiest man in Norway when official tax lists were made public on Friday. Next richest is tobacco heir Johan H Andresen Jr. ( for more info click here)
August 14th, 2007 by lana
When you first arrive in Italy before renting or buying a house or apartment, for example in Rome, it is a good idea to spend a bit of time in a apartment with a short term rental agreement or in a hotel or “pensione” (a more modest type of accommodation, although some can be very nice and friendly in residential areas) so that you get your bearing and become acquainted with the various neighborhoods or parts of the town, as well as with the public transportation system. ( for more info click here)
August 13th, 2007 by Tea
If you’ve ever been to a dinner party with someone from the United Kingdom, you’re likely to have realised that house prices are often a topic of conversation.
People living in the UK are lucky as there is a vast array of mortgages (house purchase loans) to choose from, so deals are very competitive. On the other hand, house prices have been rocketing, making it difficult for some people to buy the home of their dreams. (for more information click here)
August 13th, 2007 by Tea
What to check before instructing a French property lawyer
Here are a few points one should always check before instructing a solicitor that claims to be a “French Property specialist”:
1. Am I dealing with a qualified French lawyer, i.e. a French “Avocat” qualified to practise French law? Obviously, a trained, qualified French lawyer is much more able to represent you than a lawyer qualified in another jurisdiction. It takes at least 7 years to qualify as solicitor in France. The knowledge and experience required to practise law as French property lawyer is immensely higher than what a foreign lawyer may learn by attending a couple of French Property Law seminars for example;(for more information click here)
August 13th, 2007 by Tea
Survey proves that Languedoc-Roussillon region is area of choice for British relocators and property investors.
RightmoveOverseas teamed up with holidaylettings.co.uk the holiday lettings site to provide a comprehensive guide to the overseas property market revealing that the sunny southern region of Languedoc-Roussillon is in great demand both in terms of property purchase and holiday destination.(for more information click here)