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Property World

The British Virgin Islands is a Tax Haven dream!

The Best Tax Haven Property Investment Is?

Tax is, quite simply, one of those things that the vast majority of us have to deal with as we grow older. Though it may not be the most enjoyable thing to deal with, it simply must be done. Failure to deal with tax can have some quite serious consequences, therefore making it really quite important. As investors, quite often we look for tax havens. A tax haven can be defined as a place with low effective rates of taxation for foreign investors. These sorts of places allow us to maximise profits and revenue, thus allowing us to earn more. Finding a tax haven can be quite difficult sometimes, so let us briefly have a look at some of the best tax havens for property investment.

One place that is often labeled as a tax haven is the British Virgin Islands. These islands have no personal tax on personal income, meaning that you needn’t lose money. What is more, taxation on property is relatively good; foreign investors must simply pay a 12 per cent tax when aiming to purchase or sell a property. For these reasons, the British Virgin Islands can be considered as a tax haven.

The Channel Islands are also considered to be a tax haven by some experts. This largely due to the fact that new buyers are given a reduced income tax cap upon their first four years of purchasing a property. This is really helpful for investors, and so the Channel Islands truly deserve the label of a tax haven.

These are just two examples of tax havens across the globe. If you are looking for a tax haven, make sure you look thoroughly so that you can benefit as much as possible from your investment.

The Dubai real estate market is booming!

Dubai Property Investment Massively on the Rise

Dubai is a place of extreme beauty and immense wealth. It is home to some of the world’s most famous buildings and attractions – the Burj Khalifa and the Burj Al Arab to name but a few. With this in mind, I think it is fair to say that a trip to Dubai is going to be high up on some of your lists. Naturally, you want to visit this place, in order to experience the mesmerizing things that it has to offer. This does not mean, however, that you will want to live there. Living in Dubai seems expensive. In spite of this, property investment in Dubai seems to be on the rise in some cases. Let us, therefore, briefly explore cases in which property investment is on the rise and potential reasons behind the rise(s) in property investment.

According to some sources, property transactions in Dubai have risen as of late. Between June and August, there were 8833 property transaction sales, which is most certainly higher than in previous years. One reason for this increase was that more people could afford to live in Dubai due to the provision of more affordable houses. In addition, new payment schemes have meant that investors and consumers can pay for their property over a longer period of time, therefore making it more affordable.

Despite these increases in property investment, we must naturally ask a few questions. Firstly, we must question whether or not this increase in property investment is sustainable. If it is not, then the consequences on the economy and housing market could be quite destructive. What is more, we must also ask whether these are the best offers across the globe. If they are not, investors may look for other more lucrative opportunities.

In summary, it is good news that the Dubai property market is booming, and that investment is on the rise. We must, however, ensure that this investment is going to be long-term, in order to maintain the strength of the economy of Dubai.

Price Premiums Near Top Schools in England.

Choosing a house is a difficult thing to do because when you choose a house you must consider so many different factors. So many things can influence, or change, your decision; therefore, the process of selecting a house can be a strenuous one. The types of things that you may consider could be: your proximity to supermarkets, whether the house is located in a town or village, or the availability of schools in the local area. Of course, all three examples are important things to consider; however, the lattermost point – the availability of local schools (and the proximity to these schools) – is what we’ll be focusing on today. A recent study conducted by PwC has revealed the way in which price premiums for houses can change based on their location in relation to primary and secondary schools. Let us, hence, briefly explore this issue and the effects it could have on consumers.

According to the study conducted by PwC, living close to a top primary or secondary school can increase the price of a house rather dramatically. Statisticians predicted that those living close to the best secondary schools can expect their houses to cost an extra £25,000. This is in stark contrast to those living close to lesser schools; people could see their house prices being 5% lower than surrounding areas. I think it is fair to say that this can be beneficial for some; however, the consequences could be bad for others.

For those people living further away from good schools, it could be difficult to gain access to a good education. They may become stuck in a situation, whereby their education suffers due to their location. One solution to this problem could be the government providing affordable houses closer to schools, in order to ensure that people have fair access to good education. This, however, will present a large opportunity cost.

In summary, it seems as though house prices can, well and truly, be affected by one’s proximity to a school. More specifically, however, the price change is dependent on the standard of said school. This issue is becoming increasingly problematic for some, so it will be interesting to see the solutions that the government, and educative agencies, can come up with in the future.

Barbados real estate increased by 15.8%

When thinking about holiday destinations, many people will consider Barbados to be a place to visit. Barbados is an island located in the eastern Caribbean area. It is home to many wonderful attractions, including many beaches, botanical gardens and beautifully formed caves. What is more, there are many local traditions which you can enjoy, such as afternoon tea or watching the cricket (to name but a few). Of course, Barbados is a wonderful holiday destination, but it is also becoming a good place to buy a property. As of late, property investment in Barbados has improved. Let us, therefore, explore why one may wish to invest in a property located in Barbados.

Since 2018, investment in property in Barbados has improved by around 10%. This is largely due to improved market sentiment. The increased confidence in the market has led to greater amounts of investment and more economic growth in Barbados. This is particularly prevalent in the West and South coast where the sales of beach-house condos increased by 15.8% and 5.6% respectively.

It is relatively easy for foreign investors to buy property in Barbados; therefore, meaning that it is a good place to buy. Barbados seems to be relatively dependent on foreign investment, so it would be interesting to see how the housing market would be without such investment. Perhaps it would still be the place to buy due to the fact that mortgage rates are very steady.

In summary, these are just a few of the reasons why property investment in Barbados has improved and may continue to improve. In order to ensure that you are investing correctly, please do research before doing so. This will enable you to maximise your profits in places such as Barbados.