Since the immovable property sale by non resident entails payment of sale consideration by the buyer who is resident Indian , tax has to be deducted at source and paid to government as per section 195 of the I T Act before paying the sum to the non resident seller of the property .1. Who is responsible for deduction of tax?As per section 195 of the I T Act , the person who is paying any sum to
I have been fortunate to represent a number of U.S. Bankruptcy Trustees in the sale of Honolulu real estate. I find that many people think that the bankruptcy sales process is the same as a foreclosure. In some ways it is similar and in other ways it is totally different. Rather
Impossible you cry… haven’t you heard about the credit crunch and the death of the first time buyer? To which I’d reply that people told me it was impossible to buy a property at 18 when I was 18… and mortgages were MUCH harder to come by back then in the early eighties. Building societies [...]
Mr.Shawaz had asked for some advice for buying property in Morocco, here is the question and answers, maybe it's useful for youQ. I already own 2 overseas properties in Dubai and Turkey, which I've purchased over the past few years.Being a Muslim, I really want to continue buying in a Muslim country and have been looking at Morocco in detail. However, looking at all the opportunities out there, I
So you’ve decided to buy some land out in the county and build your dream home. Ok, now what do you do? Well, you need to contact the Brazos County Health Department to see what is neeeded to install a septic system. Be sure to ask a Sanitarian about a proposal that is on the [...]
This Smart Buyer's view says it all:Small developers already can't wait and started to market their properties. Developers are trying hard to reduce the supply to keep the private properties maintain at the high point. The government has just taken action to supply more BTO for Singaporean. Most of the transactions now are probably by foreigner. However, with the more supply of private properties
Buying a house in Scotland is slightly different from buying a house in other parts of the UK. It's not particularly complicated, and buying north of the border can often be quicker, but for those relocating from England and Wales there are a number of points you need to bear in mind.
Agreement in principle
Before you begin house-hunting in Scotland you need to have an agreement in
“To encourage visitors to his Ocean Club and Spa, David James, a developer in Uruguay, is willing to comp seven nights accommodation in Montevideo’s Old Town to anyone who drops by the club.” — Sharon Hogan
Foreword by Sharon Hogan, Pathfinder, Ltd.
That’s right, a free week in the most beautiful part of Montevideo… just [...]
Real estate in Phuket is, in some respects, a lot more established and sophisticated compared to other coastal regions, like Pattaya, Krabi and Koh Samui. There is a wide range of estate agents: Phuket One Real Estate, Tropical Homes and Knight Frank to name a few. This alone attracts a large number of foreign investors to a market once dominated by buyers from Hong Kong and Singapore. Phuket real estate is now seeing a large influx of European and American buyers. The common price tags for properties ranges from 5 million to a 20 million baht, largely depending on location and size, with beachfront and sea view properties going for significantly higher prices. Phuket was very heavily marketed in the 1990s by Laguna Phuket - an area of man-made lagoons in the Bang Tao district. A lot of sp
Searching for that dream home in Spain is a time effort mission, but without the time put into researching, you may end up with something that is less than satisfying. Researching the area you have set your heart on is the best step to make for finding that dream property. For those who have found [...]
“After 10 years of significant run-up in prices in major markets and sought-after country properties, prices now have leveled,” according to Carroll. Properties in both rural and urban areas can prove profitable, though Property-Abroad.com states that properties in rural regions of Italy have been especially popular in recent years.Apartments are a popular choice when purchasing property in one of the larger cities, such as Rome or Milan. Apartments in areas such as Sardinia, Venice, Sicily, Milan and Florence are all popular Italian real estate among foreign investors, according to Property-Abroad.com. For those looking to cash in on the tourist industry, Carroll said that areas such as Sicily, Puglia and Campania are particularly attractive for investment.
The purchase of property, whether for investment or as home, involves a substantial amount of money and often involves long-term financial commitment. Imprudent purchase made on impulsive decision can lead to financial crisis such as severe indebtness and bankruptcy. The following is a checklist to help you plan your property purchase: Affordability The first consideration is affordability . As a general guide, your total monthly housing loan instalment should not exceed 30 per cent of your monthly income. This will help ensure that you have sufficient money left for fulfilling other objectives such as your childrens' education and saving for retirement. Do your calculations even before you start with your property hunt. Emergency Fund It is also prudent to set aside cash and/or sufficien
A request here.
In the New Year, I’m intending to write an issue of the YourPropertyExpert.com newsletter about investing in the States, and whether the opportunities have got much better since the sub-prime crisis.
If you’ve invested in the US Property Market in 2007, or are thinking of doing so in 2008, can you either leave a comment here or mail me so I can interview you about why you did this, and how well it’s working for you?
Thanks,
Mark
The lessons learned while investing in real estate can, unfortunately, be no more than an expensive education. Avoiding this negative path and profiting from real estate investment is possible, even probable, if the investor has the proper planning and financing in place.One of the keys to successful property investment is gathering information before committing money to any potential "deal." Of course, the home or building should be carefully inspected for physical problems beforehand. Tip: Don't rely on memory when inspecting property. Hand-written notes on a small notepad is much better than making no notes at all. The more detail included in your survey notes the better.If there are problems with plumbing that you see as a non-professional, make sure to write this down and consult with a plumber or contractor. If the roof looks well worn and you suspect leaks may be present, make note of this and have the roof inspected thoroughly. In fact, after a good walk through with family me
People love this. Don't you want to buy from the developer. It'll save you thousands and thousands of rands, and often it does. but "Buying Property from a Developer" is it all that grand?What the developers love to do, and it's a quick and sure way for them to sell their properties off plan is that they build one or two units. This way they have a sure way to show them off or as estate agents like to say put them "on show". You then see this great opportunity to buy "off plan". What falls into your lap now should you go for it is the following; 1. The responsibility to ensure that the time scale is realistic2. He is a reputable developer3. Checks are made on his credentials4. Whether or not the developer is using a builder5. Ensure you establish exactly what the development includesA marketing tool that the developers use is the fact that "transfer duties are not payable". What the purchaser does not realise is that the developer is registered for VAT. and the VAT amount is include
Sunny Spain has long been a great place to own your little piece of heaven, the clean environment and relaxed atmosphere makes it a great place to live in or put up a vacation home. With the property prices in Spain especially along its tourist resorts rising over the last decade, buying a property in Spain has never been more desirable than it is now.One of the most sought after real estate properties available is Costa Blanca property. Costa Blanca possesses some of the best beaches in Spain. It is bounded by Denia and Javea in north, and Guardamar and Torrevieja in the south. The palm tree capital of the world, Elche, is also located inside Costa Blanca.
Every year many thousands of properties in Spain are sold to foreign investors. What is the attraction? Firstly the country has a great climate and that is particularly appealing to those people living under the grey skies of northern Europe. Getting there is both quick and relatively cheap. A flight from London in the United Kingdom to Malaga on the south coast of Spain takes only a little over two hours. It is possible to get some very cheap flights with either one of the well known budget airlines or by picking up a spare seat on one of the hundreds of charters that fly to Spain every day.There is a wide selection of property to choose from both in type and numbers. Consideration of the following points will help to narrow the search. Size of the property, the garden and the number of rooms required. People planning to emigrate with children should check out what schooling is available locally. Consider the local health & social services. Choose between a built up area or open count
NEWS NEWS NEWSI LOVE NEWSCall me weird but I just love picking up the paper and finding a property related article, specifically a property related article that's worth blogging about.Today's lucky winner is the Pretoria News.Property in South Africa still open to foreign buyersThere's been alot of talk about adding restrictions on the foreign ownership of property in South Africa. According to the Pretoria News the reason there's been such escalations in the price of property is because of the foreign investmentors that have been pouring into S.A. over the last 5 years.Is that true, partially, they bring money in, they're willing to pay more so property prices jump up! However, lets think a little about this, NCA being released, new credit laws, interest rate hikes, they're all BIG BIG BIG contributors to the property price escalations. Personally i think it's someone who's blaming foreigners for the average price of a house on the Pam Golding website sitting around the R1 500
The UK government is campaigning to help British overseas property buyers buy safely abroad. The Foreign and Commonwealth Office the official agency for advice and information for British Nationals Abroad is highlighting its advice in its “Know before You Go”
Do you dream of living overseas? Maybe you want to live somewhere warm and sunny all year round, buy a property for investment purposes, somewhere with a more relaxed way of life or maybe you need to move abroad for work or family reasons. Whatever the reason there are many countries now that are available for you to relocate to and the choice of property and costs range widely. I just want to tap into some of those locations that people may not necessarily think of buying a property. A popular location now is for people to look for Properties in Estonia and other eastern European countries.Since the European Union increased the number of member states the whole of the European Real Estate market has now become wide open for people to look for property in more diverse areas. Estonia is a prime example of a country which has benefited from joining the EU. The country borders on to Latvia and is South of Finland, property in Estonia ranges in price from 10,000 euros for a piece of land t
Do you dream of living overseas? Maybe you want to live somewhere warm and sunny all year round, buy a property for investment purposes, somewhere with a more relaxed way of life or maybe you need to move abroad for work or family reasons. Whatever the reason there are many countries now that are available for you to relocate to and the choice of property and costs range widely. I just want to tap into some of those locations that people may not necessarily think of buying a property. A popular location now is for people to look for Properties in Estonia and other eastern European countries.Since the European Union increased the number of member states the whole of the European Real Estate market has now become wide open for people to look for property in more diverse areas. Estonia is a prime example of a country which has benefited from joining the EU. The country borders on to Latvia and is South of Finland, property in Estonia ranges in price from 10,000 euros for a piece of land t
A clandestine absent fathers organisation reports that fathers are heading abroad whilst a leading overseas property web site cites rocky relationships as the reason for couples turning their backs on their home overseas.
Searching for that dream home in Spain is a time effort mission, but without the time put into researching, you may end up with something that is less than satisfying. Researching the area you have set your heart on is the best step to make for finding that dream property. For those who have found [...]
People looking to purchase a property in Spain for the first time will generally feel overwhelmed by the abundance of information available online and number of Real Estate Agents trying their best to offer you their ‘unique’ services. It all boils down to you hearing the same old thing over and again on affordable Spanish [...]
There are many reasons for wanting to purchase a property abroad, such as for a holiday home, a property to appreciate as an investment, a property to move into to start a new life, or as a retirement home.
With property prices having risen rapidly in the UK over the last 10 years, many people have found themselves in a position of positive equity and have used this equity to help fund their property overseas.
Property Group International your number one choice for overseas property.
Purchasing a property in another Country for the first time can often be a daunting experience, so here at Property Group International we promise you complete confidence and peace of mind throughout all of your overseas property purchasing experience.
With the opportunity to purchase overseas property no
