The Swiss Federal Government intends to adapt the federal laws on the acquisition of real estate land by persons abroad, known as Lex Koller. It focuses on the possibility that foreign investments - also by individuals immigrating to Switzerland - continue to drive up real estate prices in Switzerland. On March 10, 2017, the goverment opened the consultation process ending on June 30, 2017, by presenting the draft legislation. The two most far reaching proposals have already been rejected by the parliament in 2014.
The top three most expensive cities to rent across the world are in the US – San Francisco, New York and Boston – closely followed by Hong Kong, the 2017 Rental Index, produced by British-based online realtor Nested, found. The company’s Rent Affordability Index (RAI) ranks 87 cities based on “current market listings for all locations,” from San Francisco to Dubai to Zurich. San Francisco has long had the highest rents in the country by almost every metric, but previous reports have declared the city more expensive than famously elite destinations abroad.
Geneva recorded the most expensive house prices in Switzerland, according to a report Thursday by real estate brokerage Engel & Völkers, based on sales data. The city’s cosmopolitan flair is reflected too in the level of demand from international clients, with around 40% of interested buyers resident beyond the borders of Switzerland. The French-speaking city registered the highest price in the Alpine country, CHF70,000 ($70,807) per square meter. The data used in the ranking is based on residential property brokered by the company or transactions recorded on the market during 2016.
The UBS trading floor in Stamford, Connecticut, US, once the world’s largest, had more than 5,000 traders slamming phones and kicking trash cans and now it is up for sale, according to a person with knowledge of the offering, as Bloomberg reported. UBS, which had owned the building, is responsible for its maintenance until its lease expires at the end of next year, the person said. Fast forward to today and the near-vacant building, larger than a football field (approximately 720,000-square-foot), has been put on the sale block, since the Swiss bank hasn’t been able to restock its trader ranks after the 2008 financial crisis, the Wall Street Journal reported.
Nowadays, most investors acknowledge that listed real estate has deserved its status as a separate asset class or at least that it has a right of existence in a diversified portfolio. Index providers as well, recognize the specific nature of this asset class. Only recently, the Global Industry Classification Standard (GICS) introduced real estate as a separate sector based on its growing importance in the world’s equity market and its role as a foundational building block of a modern portfolio, rather than an alternative.
Portugal will introduce a tax on real estate fortunes above € 600,000 ($661,000) in 2017 to help pay for pensions, the government has said. The measure was introduced by Prime Minister Antonio Costa's in draft budget for 2017. He explained the property tax income would be used to sustain Portugal’s social payments – everything from pensions to the health service to family benefits.
Real estate markets are once again heating up in the world: in some cities prices are overrated, says UBS, according to 2016-edition "Global Real Estate Bubble Index". In Geneva and Zurich, the two swiss select cities, tension remains but at a lesser extent. As published today by UBS, a few years later by the great wave of corrections in the real estate sector worldwide, overestimates have widened in most cities.
Startups need to build a growth plan and exit path early in their life cycle to unlock the value cre
Molti investitori istituzionali stanno iniziando a prendere sempre più in considerazione anche le m
The Responsible Finance Institute (RFI) Foundation and the Swiss Arab Network organize the RFI Summi
FinLantern is glad to invite you to a “Sustainable Apero”
Presentazione di una piattaforma omnicanale per aziende con centralini, call center o contact center
Updates and news from MarketPlus
|SMI® PR||8812.67||-0,36 %|
|LYXOR DAX INAV||118.957||-0,07 %|
|FTSE MIB Index||20609.16||0,06 %|
|FTSE 100||7203.94||-0,46 %|
|CAC 40||5267.33||-0,08 %|
|S&P 500||2384.20||-0,19 %|
|NASDAQ Composite||6047.61||-0,02 %|
|HANG SENG INDEX||24615.13||-0,34 %|
|Powered by Yahoo Finance|