Company and Industry News
Pavilions Of Splendour International Inc. is enjoying a period of rapid expansion and here is where we share new developments with you. In addition, as the international real estate market is in constant change, we can keep you abreast of trends, markets and opportunities - as well changes to legislation that could affect your valuable investments.
Please select an item of interest below and check back regularly to see the latest. If you prefer, Stay In Touch via our mailing list and be the first to get the news!
The Greek parliament passed legislation this week to offer residency to non-EU purchasers of properties over €250,000. The new rules offer a five year residency which is renewable as well as the the chance of obtaining a shenzhen visa for travel throughout the European Union.
The Indian government has finalized a crucial law to regulate India’s real estate market, five years after the idea was first floated. The Maharashtra (Regulation & Development) Bill proposes the creation of a real estate regulatory authority in every state.
New tax legislation has been announced meaning that much higher levels of Capital Gains Tax will be payable by those selling a property in France which is not their principal residence.
Turkey is planning to ease restriction on the purchase of real estate by foreigners, according to reports in the Turkish press
In Cuba, buying property is currently illegal. But President Raúl Castro has promised to lift the ban on buying real estate by the end of 2011.
Foreigners investing in UAE real estate will get a three-year multiple entry visit visa, according to a recent Cabinet decision chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Beijing is set to order China's second and third-tier cities to sell only one homes to buyers, in an expanded effort to curtail housing hoarding and profiteering and rein in steep rises in property prices.
A new circular recently released by the Chinese government reiterates a four-year-old regulation that limits housing purchases by foreigners and imposes more restrictions on the amount and region of the properties.
For the first time Saudi Arabia is to allow international property investors to own property in one of four brand new cities currently under construction in the country. The New Age City, King Abdullah Economic City(KAEC)being built today for tomorrow´s generation of Saudi citizens has six components - sea port, industrial valley, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The UAE government introduced a new visa regime last month which is designed to curb illegal immigration and speed up the process for tourists and property buyers wishing to enter the country.
The government of Ras Al Khaimah, one of the emirates making up the Gulf nation of the UAE, has issued a decree stating that all real estate developers must place investors funds in escrow to guarantee their safety.
Decades of financial secrecy may soon be over after Gibraltar began negotiations with Spain to increase its fiscal transparency. Tax evaders could be forced to look elsewhere after the countries agreed in principle to an unprecedented exchange of monetary information.
In a bid to safeguard the interests of property investors Abu Dhabi has drafted five new laws.
A new project connecting Africa with Asia via the world´s longest suspension bridge 28.5 km was confirmed recently ending speculation as to the future of the project.
Poland to join Euro by 2012 earlier that it's previous target of 2015
Buying an overseas property is a substantial investment and most people will only be able to use their property for 2-3 months of the year, for a much smaller investment you will be the part owner in a possibly more expensive and luxurious property but will not have to pay the full upkeep, taxes for a full 52 weeks. This is where Fractional Ownership comes in...
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