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Francois Hollande Election Victory Unlikely to Affect French Property May 2012 Francois Hollande’s recent election victory may have sent shivers down the spines of the property investors in France, but experts feel the result will have little effect on the property market. In fa...
Property Prices in the US Forecast to Rise 4pc Annually for the Next Five Years May 2012 Property prices in the US have been forecast to rise 4% a year for the next five years, although the average home in America has lost one third of its value since 2006....
More Signs Show US Property Market to be in Recovery May 2012 In March, pending home sales in the US increased, providing further proof that the property market is finally on the road to recovery....
Bank of America is Approving More Short Sales April 2012 The Bank of America Corp., is approving more and more short sales as an alternative to foreclosure...
Germany Set to Enjoy a Good Year for Residential Sales April 2012 According to Savills, Germany is set to enjoy a very good year of residential sales, especially as more residential units are being sold in large packages of around 10,000 units for the first time sin...
Altinkum will see a major facelift of main beach.for 2012 April 2012 Visitors to Altinkum this year will see a major facelift of main beach. Work has recently begun which will give the seafront a transformation in time for the start of the holiday season. Tourists will...
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When the first trance of properties came onto the market for sale, they were classified as leasehold. Most of these properties are now freehold.
There is currently an implied promise from competent officials, albeit not in writing, that in the future, foreigners will be able to register in their own names.
This is extremely rare. On certain developments purchasers are able to choose finishing to such items as cupboards and worktops in the kitchen and tiling to the floors. Any upgrading would ordinarily be done after completion in much the same way as one might anywhere else in the world. Developers tend to buy in bulk: thus keeping construction costs down, and enabling them to budget accordingly.
On most developments there is a service charge payable after completion. These are only payable in relation to common areas such as parks within the Development – as well as for road maintenance. Clearly, as the cost of maintenance increases, then so will the charges but few anticipate huge increases. The maintenance of your own property and grounds is entirely separate – as you would expect with freehold property ownership.
No, not yet. Lawyers are able to ensure security of financial transaction and can hold a designated client account, from which they ensure funds are paid out to the appropriate organizations and/or individuals. They also review the contract and documentation, generally before signing for purchase, although there is no system in place at present where you can make preliminary enquiries of the property as part of the transaction. It is important to ensure that you are contracting to purchase that which you intend to purchase and questions can be asked but are usually done on a less formal basis at present.
The Purchase Sales Agreement (Contract) stipulates that you will be entitled to receive a Residence Visa for as long as you own the property. In accordance with the normal Immigration laws in the UAE, every three years your Residence Visa will be renewable.
Of course, but at present any transfer of ownership must be done via and with the approval of the developer and the developer for the transaction makes an administrative charge.
The Cavendish, Awali City, Ajman Area Information: • Situated strategically just of the Emirates Road, opposite Emirates City • Approximately 20km from Dubai • Ajman is an emerging property market within the UAE which offers inves...
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0 Beds Price: £44,500
Profile Residence Profile Residence - an overview Located at Dubai Sports City, Profile Residence introduces contemporary living amongst an environment of sporting activities, the residence features state-of-the-art...
0 Beds Price: £146,000
The Waterfront Prime location Waterfront is located on the last 15 kilometers of Dubai’s natural coastline to be developed and faces directly onto the Arabian Gulf. It is the world’s largest waterfront development ...
1 Beds Price: £333,000
Calabria - Italy Napitia Hills is perched at the most elevated point of Pizzo providing each property with unobstructed panoramic sea views over the town itself. Within a 15 minute walk you can enjoy the day to day li...
Paphos - Cyprus Fully furnished unit offer with free inspection trip!! Discounted and completed property available on this stunning development. Full finance packages available on this promotion The small resi...
Pattaya - Thailand Hot on the heels of Laguna Beach Resort Jomtien, Pattaya’s most successful resort condominium now over 75% sold out, we are commencing pre-launch sales for Laguna Beach Resort 2. Laguna Beach Reso...
Kusadasi - Turkey Fully furnished apartment on stunning development On the Aegean Coast of Turkey is an unspoiled area of natural beauty, an area of historical and natural containing thermal springs built far away ...
Natal - Brazil Invest in social housing in Brazil with an anticipated return of 20 per cent in 12 months. What deposit accounts will offer this return over 1 year? Investment Facts • Minimum investment just ...
Alps - France CASH BUYERS ONLY- UP TO 58% PRICE REDUCTIONS! Les Blanches Provencales is a ski-in-ski-out residence ideally located just metres from the ski lift in the centre of the village of Chabanon with views...
Sharm El Sheikh - Egypt NUBIA SHARM RESIDENCE Summary: Nubia Sharm is a seaside residence in the grounds of the beachfront “Tropicana Sea Beach” hotel & aqua park resort in Nabq, Sharm el Sheikh. Properties are on...
Florida - America Rental guarantee for 18 months on these stunning condos Location Close to everything... far from ordinary This Condominium community is conveniently located close to all major highways and just m...
Hurghada - Egypt COMING SOON - The latest of the Tiba Developments. Tiba Resort is going to be the largest of the Tibas and beachfront. The development is set to be launched very shortly with a predicted completion...
