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Showing posts from August, 2021

The Balearic government has asked for 56 'major owners' empty homes!

The government of The Balearic Islands has announced its plans to request the rent of 56 empty houses spread across Mallorca, Menorca and Ibiza for seven years. Similar measures are reportedly being studied in other regions such as the Community of Valencia.  houses for sale The housing policy is transferred to the 17 autonomous regions of Spain, so that the regional governments can regulate housing markets within the Spanish constitutional limits. This power was used by the Balearic government to pass a Housing Act in 2018 which permits it to temporarily requested houses on the 'speculative market' and forcing owners to supply them with low-market rents or penalties as affordable housing. This law was invoked in 56 vacancies owned by "major owners" who have been defined as owners of 10 or more properties and who will now have to rent them to tenants under local authorities terms. Empty houses are defined as properties empty "without justification" for t...

Barcelona launches the data site of property market!

Barcelona is launching a property data site that is useful for anybody on the market. The Municipal Council of Barcelona has recently launched a web site which provides information on the market of the city, produced by the Municipal Data Office, and which does not provide market metrics anywhere else. To my best knowledge this is the first initiative of this kind in Spain and can even be seen in English (select English, which is Catalan) . sale in qatar The goal of the website is to "give a basic insight into recorded real estate sales and reflect dynamics of the market in terms of operations, prices and locations within the city of Barcelona." According to the site, the data are "based upon notarized records of the buying and selling of property in Barcelona." The page 'The latest indicators' gives you an overview of the last quarter of 2020 market and its progress since 2012. It gives you a good market picture. The data filter is a little clunky...

Property travel is a 'reasonable excuse' to leave the UK under the new rules on coronavirus!

Starting tomorrow, Monday, 29 March, UK residents have a "reasonable excuse," as the UK government calls it, to justify foreign visits if they relate to the buying, owning and selling of property. This gives all Spanish owners and potential buyers a reasonable excuse for leaving the United Kingdom for Spain, but Spain will not let you do this, unfortunately . qatar property Starting Monday and ending until June 30, you risk a fine of £5000 for leaving the UK, as part of the government's plans to control Covi-19, without a reasonable excuse. What is a "reasonable apology?" The complete list of excuses is published here at Gov.uk, and those relating to property are wide enough to cover almost every property related journey to Spain. Under Regulation 8, Schedule 5, 'Reasonable excuses for traveling without the United Kingdom,' paragraph 7, the following can be traveled abroad: Where P is reasonably required to leave the United Kingdom in connection ...

The Czech morning news in short: the most recent May 25, 2021 headlines

The Czech Republic is closer to a four-day work week and an EU summit to discuss a greener future. In the coming months, the weather will start to warm up, and the final month of May will be chilly.  real estate companies in qatar Czech health minister resigns amid the sale of state-owned properties. Health Minister Petr Arenberger is out of a job, and his replacement, Czech Health Minister Adam Vojtech, has been proposed by Prime Minister Andrej BabiÅ¡ for head of the department. After refusing to disclose details about his property, Arenberger faced criticism. The minister has announced his resignation, as he claims his family has been put under intolerable pressure. Preceding Zeman's appointment as Czech prime minister, Arenberger was appointed by Zeman on April 7, replacing Blatný, who only lasted five months in the job. Due to an increase in COVID-19 cases, Vojtech unexpectedly resigned in September 2020. BabiÅ¡ stated that the Zeman administration has not discussed Vojtech...

The number of apartments in Prague has increased by 98 percent – these districts are now the most rented!

More apartments are available on the Prague market for long-term rents, and rent falls due to the effects of coronavirus, which has limited tourism users with short-term rents . viva bahriya At the end of the second quarter of 2020, the number of long term rental apartments in Prague increased by 97.7 percent year-on-year to 14,738, compared to 7,453 in Q2 2019. This is the most apartments in the last four years. Compared with 12,371 apartments available in the previous quarter of 2020, the increase was 20 percent. Prague 5 and Prague 2 are the largest number of apartments available. At the end of June there were 2,370 Prague 5 apartments and more than 2,100 Prague 2 apartments available. Some 1,900 apartments are available in Prague 4 and over 1,700 in Prague 1. On the other hand the lowest number of apartments is in Prague 7 where according to figures from Trigema there are only about 550 flats. "The situation is essentially stable on the new housing market. However, we ar...

In the Czech Republic, the franchising business has started quite recently.

 Unlike in the Czech Republic, where a franchise legal framework is lacking, “franchise agreements” (or franchise agreements) are not regulated by law. Such agreements are entered into by parties that are required to abide by the Civil Code and contract law's general rules. There are no foreseeable future legislative actions which will influence the Czech franchise industry. Licensing, purchase, lease, and agent agreements are commonplace in franchise agreements, while intellectual property and competition laws are always stringent in franchise business relationships. There have been no recent Supreme Court rulings on franchising, however. Only decisions made by the Office for the Protection of Competition in the Czech Republic will be addressed in this article . the pearl doha generally standard features of a franchise In the absence of an established franchise legal framework, the Czech courts and the Office for the Protection of Competition (the “Office”) are left with ...

In February 2018, sales started well, with more than 40,000 transactions each month.

Since February last year, Spanish real estate sales grew 16.2 percent annually According to the National Institute of Statistics (Instituto Nacional de Estadística or INE, the number of property transactions increased by 16,2 percent year-on-year to 41,480 in February. This is the best figure since 2011 for one month of February and the fourth best figure since the economic recovery began. These figures strengthen the figures of January, which recorded the highest sales since 2008 . viva bahriya In February, property purchases and sales in recent years had some of their best figures. With 41,480 transactions they grew by 16,2% year-on-year, according to the INE, they confirm the good start to 2018. Although January has seen the best figures for the past 10 years, with a turnover of over 47,000, February is still above the 40,000 mark and despite a 12.3% monthly drop, it is still the best month since February 2011. In 24 of the last 25 months, the number of sales has increased. By t...

Rental prices rise by 8.8 percent in March and peak in major cities

In the first quarter of 2018, costs of rental of properties increased by 8.8%, to EUR 10.60/m2 (1 euro/sq ft) per month. According to an idealista rental price report, all Spain's autonomous regions recorded increases from January to March. However, rents appear to peak in large cities, with lower increases in Barcelona (0.8%), Seville (1.9%) and Madrid (2.7 percent ).  viva bahriya According to Fernando Encinar, idealistic research director, "the greatest increase was from large markets, where rents appear to have reached a ceiling, to other capitals, where up until now the impact of increases have been less so, such as Cuenca, Girona, Saragossa or Guadalajara. In cities like Malaga and Alicante, landowners have already begun lowering their rents and Barcelona has also seen decreases in its interannual growth. The data show that Spain's natural rental ceiling lies within the actual potential of potential tenants, and not in market intervention, an attempt already tested i...

The 10 first-time renters' errors

If you have ever been looking for a place to rent, at least once in your life, you will know that as soon as they arrive, the best deals should be taken with both hands. When you find an apartment you like and it is on the market for a good price you can make mistakes and accept the terms and conditions that you may later regret by rushing to close the agreement.  the pearl doha These are the ten things that you should never do when renting an estate: Do not carefully read the rental contract: You should read the entire rental agreement not once, but several times. If you want to avoid the pressure of reading before the owner, please send them a draft. Coming to rental agreements without a contract with family members, friends or acquaintances: Looking for or renting a house from someone near you at an affordable price may seem a great idea, but it's not, since you never know what could happen. Don't hesitate or raise anything that worries you: If you think the rent is too high...

Coronavirus: what has changed in Spain's request for second homes!

"After the coronavirus health crisis, demand response in the real estate market depends on a number of factors including the development of the 'de-escalation' phases, the financial situation of potential buyers, job figures or the impact on investment etc. What is certain is, however, that housing needs have changed and other priorities have emerged as part of the period of confinement when a new property is purchased." This is the outlook provided by the latest study by immobilization company Solvia, which ensures changes in the real estate market in both the residential and the home sector.  properties for rent in doha The study emphasizes that small beach houses are losing their appeal as an ideal second home and that demand for coastal houses or inland homes in which the owner can spend much of the year and with plenty of teleworking space is on the increase. "The success of working at home has not only turned second homes into an alternative to enjoy during...

Moderate rental price decrease

In general, the market believes that many potential buyers are not able to access a home from a property point of view, and they are forced to turn into a rental market, which was already in demand before the coronavirus arrived. Experts therefore do not expect a substantial fall in rent.  the pearl qatar "It is clear that prices will have to drop because those who are not in the process of an ERTE have lost their jobs or risk losing them. But demand will continue to be very high since renting a property becomes a refuge for those who cannot buy, particularly in large cities. We have a clear lack of supply in the principal economic and demographic centres, and the demand is likely to rise, and therefore it goes without saying that rent falls will not be strong," says ASVAL Director General Beatriz Toribio (the Association of Homeowners for Rental Properties). For his part, Bernardos believes that, "in 2020, there will be a lot more rental operations than in 2019. On the ...

Spain's most expensive expat cities!

The Mercer consulting firm has published a new edition of its ranking on living costs for expatriates in the main cities of the world. Hong Kong lists the most expensive towns, but where is Spain?  office for rent in qatar The consulting firm Mercer has published a new edition of its renowned expatriates' cost of living in the world's leading cities. As usual, Hong Kong leads the list of the most costly cities, although some of the best positions have changed compared to previous issues. Let's have a look at the ranking of Spain's most expensive cities in the world for expatriates this year. Ashgabat (Turkmenistan's capital) is second in Tokyo. Third capital city is Japanese: Zurich (Switzerland), Singapore (Singapore), New York (United States), Shanghai (China), Bern (Switzerland), Geneva (Switzerland) and Beijing (China). Therefore, 6 of the top 10 positions are occupied by Asian cities. Seoul (South Korea), Tel Aviv (Israel), Shenzhen (China), London (United King...