Trade a life in the sunny Malta
Trade a life in the sunny Malta
Posted 9 hours ago

If you are interested in purchasing Maltese real estate, here are the steps to follow: Appoint a notary and a lawyer A notary is a public officer entrusted with the enrolment of public deeds such as the purchase and sale of property.  They are meant to be impartial, so it…

Trade a life in the sunny Malta
Singapore real estate in trouble
Singapore real estate in trouble
Posted 9 hours ago

Singapore’s property investors got a yellow card from the city-state’s central bank in its annual financial stability review. “Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they may not always be able to rely on rental income…

Singapore real estate in trouble
A peek at 2017 real estate trends
A peek at 2017 real estate trends
Posted 10 hours ago

We won’t pretend to know everything that 2017 will bring — heck, 2016 sure surprised us — but we’re pretty certain there will be changes. A lot of them. And while the surprise triumph of Donald Trump in the presidential election won’t alter the fundamentals shaping the 2017 real estate…

A peek at 2017 real estate trends
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Trade a life in the sunny Malta

by Property Management Software on December 10, 2016

Malta real estate

Malta real estate

If you are interested in purchasing Maltese real estate, here are the steps to follow:

Appoint a notary and a lawyer

A notary is a public officer entrusted with the enrolment of public deeds such as the purchase and sale of property.  They are meant to be impartial, so it is unusual for a notary to be connected to a developer or estate agent.  You should therefore ignore any suggestion of whom to appoint from the seller or estate agent; the same applies to your lawyer.

Your lawyer should specialise in property transactions. In the case of foreign buyers, it is important for the lawyer to be aware of the rules specific to the ownership, transfer and subletting of property by a foreign resident.

Get a permit

If you are an EU citizen, and the property you are purchasing will not be your main residence, you will need to obtain an acquisition of immovable property (AIP) permit, which is granted by the Ministry of Finance.

The minimum price you must pay for an apartment is €107,670 (£84,231) or €179,400 (£140,346) for a house or villa. EU citizens who intend to make the property their main home do not require a permit.

Sign an agreement and pay the fee and deposit

Once you have decided on a property and your offer has been accepted, a preliminary agreement is signed between the seller and buyer. This is usually valid for three months and binds both parties to the transaction based on a set of agreed terms and conditions which have to be satisfied for the final agreement and legal transfer of title to go ahead. After the signing of the preliminary agreement, but before entering into a final deed of sale, the notary will carry out the necessary searches into the property to confirm everything is in order before proceeding.

Glimpse what the sunny island has to offer!  CLICK HERE

Singapore real estate in trouble

by Property Management Software on December 10, 2016

Singapore real estate

Singapore real estate

Singapore’s property investors got a yellow card from the city-state’s central bank in its annual financial stability review.

“Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they may not always be able to rely on rental income to service their investment property loans,” said the review, published by the Monetary Authority of Singapore (MAS) on Tuesday.

There’s been some signs of a sales pickup in Singapore’s property market, with the number of new homes sold rising to 1,252 in October, from 509 in September, the highest number of sales since July 2015.

But prices haven’t followed suit, with private residential property prices dropping 1.5 percent on-quarter in the third quarter, according to government data, marking 12 straight quarters of declines and the largest on-quarter drop since 2009 during the global financial crisis.

Vacancy rates have also remained high amid increases in housing supply, running at 8.7 percent in the third quarter, down slightly from 8.9 percent in the second quarter, but still hovering around levels last seen in 2000, amid the aftermath of the Asian Financial Crisis.

Here is what you need to know?  CLICK HERE

A peek at 2017 real estate trends

December 10, 2016

We won’t pretend to know everything that 2017 will bring — heck, 2016 sure surprised us — but we’re pretty certain there will be changes. A lot of them. And while the surprise triumph of Donald Trump in the presidential election won’t alter the fundamentals shaping the 2017 real estate market, its impact is already […]

Read the full article →

Housing affordability weakening due to Trump effect

December 10, 2016

The sharp jump in mortgage interest rates following the November election is not only holding on but gaining. Add that to an already uneven housing recovery, and the resulting numbers are staggering. Housing affordability was already weakening, thanks to fast-rising home prices, which has made it the least affordable time to buy a house since […]

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Foreclosures spike up

December 10, 2016

Foreclosures had been falling steadily to the lowest levels in nine years, but a curious spike in October may be the first sign of a crack in the recovery. The number of properties with a foreclosure filing, which includes default notices, scheduled auctions and bank repossessions, jumped 27 percent in October compared with September, according […]

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Housing market continues its rally

December 10, 2016

Tight supply and high demand pushed home prices in September to a new peak nationally. Prices were 5.5 percent higher than September of 2015, up from the 5.1 percent annual gain in August, according to the S&P CoreLogic Case-Shiller Index. The index has now surpassed its previous peak of July 2006. The nation’s 20 largest […]

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Mortgage interest deduction on chopping block

December 10, 2016

For more than a century, homeownership has come with a small bonus: The mortgage interest deduction. It allows borrowers to deduct the interest paid on their home loans from their income taxes. Real estate agents, homebuilders and mortgage lenders have long used it as a selling point. Every so often it comes up in debate, […]

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Housing costs going up

December 10, 2016

Interest rates are rising, and while most homeowners today have fixed-rate mortgages, millions of them also have home equity lines of credit (HELOC), which are suddenly getting more expensive. These second loans are generally adjustable rate, tied to shorter term interest rates, and that means the payment changes once a year. Higher interest rates mean […]

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A Guide to Building Strong Lead Pipeline

December 7, 2016

  Build Strong Lead Pipeline Tenants move-in and move-out but sometimes they move out unexpectedly leaving the rental property vacant. A property vacant or occupied has its own expenses and needs to be maintained in good condition. Having a strong lead pipeline is important because if your tenants move out more can move in so […]

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What Millennial Generation is looking in Rental Properties?

December 7, 2016

  Millennial Generation Millennial generation today forms one big part of the renter’s population and are certainly important. This generation is in their early adulthood and certainly has different needs as compared to their previous generations and more and more are moving into renter’s lifestyle. They are proactive and below are some of the best […]

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