...London Country Report Table of Contents I. London Country Profile……………………………………..pgs 3 to 10 II. Economic Profile of Rome Q2- 2008………………………pgs 10 to 12 A. Commercial Lease Standards…………………………..pg 12 B. Real Estate Taxation………………………………….....pg 12 and 13 III. Real estate Ownership Laws and Contract Agreements…pgs 13 to 16 IV. Tax Obligations Arising from Real Estate Ownership…...pgs 16 to 18 V. The Real Estate Sales Process……………………………...pgs 19 to 22 VI. Due Diligence Process and Documentation………………..pgs 22 to 24 VII. London Capital Markets Q1 - 2008………………………...pgs 25 to 31 C. Residential Lending and Funding……………………....pg 31 D. Mortgage Regulations……………………………………pg 32 VIII. London Real Estate Investment Funds (REIFs)……………pgs 32 to 35 IX. Conclusion: Invest or Not?.....................................................pg 36 Works Cited …………………………………………………pg 37 London Country Profile Area: 607 Sq. miles (1,572 km²) Population: 8.308 million People: Most population in London is younger than the United Kingdom. There are almost 2/3 of Londoners that are in the age 44 and younger, which would, equivalent to 63%; more than half. Life expectancy: men (79.3), women (83.5) Language(s): London has the most number of community languages that are spoken in Europe. There are 300 languages spoken in London. The most common are as follow: Bengali, Gujarati, Punjabi, Cantonese and Mandarin most common...
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...Real Estate Finance F-409 Submitted To Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Submitted By No Name Roll 1. Masud Ahmed 16-014 2. Khaleda Aziz 16-024 3. Akhter-E-Tamanna 16-102 4. Sameya Azad 16-152 5. Mohammad Mominuzzaman Bhuiyan 16-174 Date of Submission: 17-2-14 Date: 17-2-14 Farzana Lalarukh Associate Professor Department of finance University of Dhaka Subject: Submission report on “ Long Run Perspectives of Developer in Bangladesh” Dear Madam, We are pleased to submit the report you have assigned to us. The report paper was to prepare the term paper on the course named “Real Estate Finance” course code: F-409, as a part of our academic activities. Working on this report was a great opportunity for us to apply our theoretical expertise, sharpen our view and ideas. Finally, we are very thankful to you for giving us an effective topic to prepare our report and we are waiting eagerly for any kind of question you may have concerning our report. Sincerely yours On Behalf of our Group ………………………. Sameya Azad This is high time we conveyed our deepest gratitude and sincere submission to the Almighty ALLAH for giving us the opportunity to accomplish such an enjoyable task of preparing this report in time. We express our thanks to our dear course teacher Mrs. Farzana Lalarukh for assigning us a report dealing with the Real estate sector and...
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...for the Foreign Investor in U.S. Real Estate— If Planning Comes First by Michael Hirschfeld and Shaul Grossman Appeared in January 2001 edition of RIA’s Journal of Taxation © Copyright 2003 RIA. All rights reserved. WG&L Journals INTERNATIONAL Opportunities for the Foreign Investor in U.S. Real Estate—If Planning Comes First Author: By Michael Hirschfeld and Shaul Grossman MICHAEL HIRSCHFELD is a partner, and Shaul Grossman is an associate, in the New York City office of the international law firm of Dechert. Mr. Hirschfeld is a member of the ABA Tax Section’s committees on Real Estate (of which he is the past Chair), Foreign Activities of US Taxpayers, and US Activities of Foreigners & Tax Treaties, among others, and has written for The Journal on many occasions. Copyright © 2000, Michael Hirschfeld and Shaul Grossman. The complexities of FIRPTA and the even broader withholding scheme that backs it up require that a nonresident acquire a thorough understanding of the rules before making an investment in real estate. The choice of whether to use an entity—and which one—or to hold the investment directly, as well as the type of investment—equity or debt—can have significant and sometimes expensive consequences. Edited By Sanford H. Goldberg, J.D., and Herbert H. Alpert, J.D. The global economy is a fact of life at the start of the new millennium. One consequence is that cross-border investments in real estate will expand significantly. Twenty years ...
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...Major areas for final settlement of tax liability : Tax deducted at source for the following cases is treated as final discharge of tax liabilities. No additional tax is charged or refund is allowed in the following cases:- * Supply or contract work * Band rolls of hand made cigarettes * Import of goods * Transfer of properties * Export of manpower * Real Estate Business * Export value of certain items including knit and woven garments. * Local shipping business * Royalty, technical know-how fee * Insurance agent commission * Auction purchase * Payment on account of survey by surveyor of a general insurance company * Clearing & forwarding agency commission * Transaction by a member of a Stock Exchange * Courier business * Compensation against acquisition of property * Premium value over face value of a share * Income from transfer of securities of a sponsor shareholder. * Winning lotteries. Tax Recovery System : In case of non-payment of income tax demand the following measures can be taken against a taxpayer for realization of tax:- * Imposition of penalty, * Attachment of bank accounts, salary or any other payment, * Filing of Certificate case to the Special Magistrate. Advance Payment of Tax : Every taxpayer is required to pay advance tax in four equal installments falling on 15th September; 15th December; 15th March and 15th June of each year if the latest assessed income exceeds Taka four lakh. Penalty...
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...Egypt Investment Climate • • • • • • • • • • • • • • • • • • • Openness to Foreign Investment Conversion and Transfer Policies Expropriation and Compensation Dispute Settlement Performance Requirements and Incentives Right to Private Ownership and Establishment Protection of Property Rights Transparency of Regulatory System Efficient Capital Markets and Portfolio Investment Competition from State Owned Enterprises Corporate Social Responsibility Political Violence Corruption Bilateral Investment Agreements OPIC and Other Investment Insurance Programs Labor Foreign-Trade Zones/Free Ports Foreign Direct Investment Statistics Web Resources Return to top Openness to Foreign Investment Egypt has experienced profound political changes over the past year. On February 11, 2011, President Hosni Mubarak’s 30-year rule came to an end under intense popular pressure as hundreds of thousands of Egyptians converged on Tahrir Square. Transition to democratic rule has been marked by advances and challenges. Egypt has seen several prime ministers and multiple cabinet changes since the revolution, and many investors have reported that the constant shuffle and interim tenure of government officials have contributed to a difficult business environment. Nonetheless, in January 2012 Egypt seated its first parliament elected in free and fair elections, and many of the members have identified increasing foreign investment as a top priority for the government. Egypt continues to honor its pre-revolution...
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...Effects of The European Debt Crisis on the German Real Estate Market Hiermit versichere ich die vorliegende Arbeit allein und nur mit den angegebenen Hilfsmitteln angefertigt zu haben. Der Veröffentlichung der Bachelorarbeit in der Bibliothek der Hochschule Aschaffenburg wird zugestimmt. Aschaffenburg, den 28.02.2013 Effects of the European Debt Crisis on the German Real Estate Market Bachelorarbeit von Sebastian Stollhof 28.02.2013 Effects of The European Debt Crisis on the German Real Estate Market Autor: Sebastian Stollhof An der Bergleite 3 67806 Rockenhausen Erstprüfer: Prof. Dr. Paschedag HOCHSCHULE ASCHAFFENBURG FAKULTÄT WIRTSCHAFT UND RECHT WÜRZBURGER STRASSE 45 D-63743 ASCHAFFENBURG Table of Content TABLE OF EXHIBITS LIST OF ABBREVIATIONS 1 EMERGENCE OF THE DEBT CRISIS 1.1 Macroeconomic problems 1.1.1 The imbalance of public authorities 1.1.2 Strongly diverging current account balances 1.1.3 Strongly diverging price- and wage developments 1.2 Specific problems within the monetary union VIII IX 1 1 1 5 10 12 1.2.1 Interest rate policy of the European Central Bank (ECB) 12 1.2.2 Membership within the EMU increases insolvency risk for states 1.2.3 National fiscal policy versus central monetary policy 2 GERMAN HOUSING MARKET – PRICE BUBBLE OR SAFE HAVEN? 2.1 Definition of price bubbles 2.2 Explanatory approaches for real estate bubbles 2.2.1 Macroeconomic factors 2.2.2 Institutional explanatory approaches 2.2.3 Behaviour-based explanatory...
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...The Medici Family and Medici Bank in 14th century The Medici had an inestimable impact and effect upon Florence and the surrounding Italian peoples however this effect was not always positive or beneficial.[] The Medici, through carefully planned moves and states craft and at other times direct violence, worked tirelessly to remove Florence from its republican framework and replace it with a principality of their own. Indeed, by 1537 Florence was no longer a republic and named a duke to lead it now that it had become a principality, that duke was Duke Cosimo De’ Medici I. The move away from republicanism and towards this principality began with three generations of Medici; Cosimo, Piero, and Lorenzo De’ Medici. Their changes undermined a carefully laid constitution that was intended to keep one or more factions from gaining too much control over the city or for a single person to gain the sole leadership of the republic. However the Medici were able to slowly chisel away those devises of freedom and turn them into instruments of power. In order to fully understand the extent of the Medicean efforts it is important to observe the highlights of the complex system of government that the framers used. The Florentines in the thirteenth century developed a constitution that determined how the republic should be operated. The Florentine constitution was not a single document but rather a series of laws passed as the Ordinances of Justice in 1293 C.E. By this constitution...
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...Migration Remittances Dear Sir/Madame, Thank you for participating to this survey. This research seeks to explain how and if Egyptian abroad remit (money and ideas) to their country of origin. It will take just 10 minutes of your time. All the answers are private and will be used just for academic purposes. 1. Where do you live? 2. What is your age? • Under 18 years old • 18-24 years old • 25-34 years old • 35-44 years old • 45-54 years old • 55-64 years old • 65-74 years old • 75 years or older 3. What is your sex? Male Female 4. What is your current marital status? • Single, never married • Married or domestic partnership • Widowed • Divorced • Separated 5. How is your household composed of? 6. What is the highest degree or level of school you have completed? What is your last certificate degree? • None (illiterate, I did not complete primary school) • [pic]Primary School • [pic]Secondary School • [pic]Undergraduate degree • [pic]Postgraduate degree • Other, please specify 7. When did you leave Egypt and why? 8. What is your current employment status? • Employed • [pic]Self-employed • [pic]Unemployed (seeking for job) • [pic]Unemployed (not looking for a job) • [pic]Student • [pic]Retired 9. If you work, what is your current occupation? 10. What is your status in the country of emigration? • Regular (Temporary residence) • [pic]Regular (Permanent residence) • [pic]Irregular ...
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...SOLUTIONS MANUAL Chapter One Answers to Chapter 1 Questions: 1. a. primary b. primary c. secondary d. secondary e. secondary 2. a. money market b. money market c. capital market d. capital market e. capital market f. money market g. money market h. money market i. capital market j. money market 3. The capital markets are more likely to be characterized by actual physical locations such as the New York Stock Exchange or the American Stock Exchange. Money market transactions are more likely to occur via telephone, wire transfers, and computer trading. 4. According to Figure 1-3, the money market instrument that has had the largest growth is the Federal funds and repurchase agreements which grew from 18.1% of the total value of money market securities outstanding in 1990 to 25.6% in 2010. 5. The major instruments traded in capital markets are corporate stocks, securitized mortgages, corporate bonds, Treasury notes and bonds, state and local government bonds, U.S. government owned and sponsored agencies, and bank and consumer loans. 6. According to Figure 1-4, the capital market instrument that has had the largest growth is the corporate stocks which grew from 23.6% of the total value of money market securities outstanding in 1990 to 43.4% in 2000 and was still at 31/3% in 2010. One reason for the sharp increase in the amount of equities outstanding is the bull market...
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...domestic company and the wages and benefits that workers can demand? Answer: More foreign companies in the country means more options customers could choose. If the domestic companies increased their prices of produce, the local customers will find another similar products instead. Foreign competition also acts to limit the wages and benefits that workers can demand, because build a company overseas, company have to spend more money than local companies, if workers demand more wages and benefits, the costs for products will increased for sure. As for the domestic companies, the same problem they are facing. On the other situation, if local company agree to pay more money to their workers but the foreign companies do not, they must transfer this part of cost to their products, therefore, they will lose their strength of their price. b. What political solutions can help companies and unions avoid the limitations imposed by foreign competition? Answer: One of the solutions is protectionism, the government came out some polices by limiting foreign competition, such as increasing their tax. In the meanwhile, the government also protects their local companies, such as decreasing tax and gives them lower fee using imports to produce their own goods and services for sale. c. Who pays for these political solutions? Explain. Answer: Government need to use tax to pay the services fee, Customers will pay money to buy the products, and actually the extra...
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...Bank of America: Analyzing Corporate Citizenship In the words of Thomas Friedman, “If you don't visit the bad neighborhoods, the bad neighborhoods are going to visit you.” With “bad neighborhoods” symbolizing customers, this portrays a direct consequence of what can happen if a company does not take into account the impacts of its business decisions. As society progresses through the 21st century, it is clear that the people along with the government are beginning to demand more from companies. Quality products and services are still highly regarded; however, becoming a good corporate citizen is turning out to be an important part of a company’s reputation. Good corporate citizenship is when companies look beyond business goals and take in consideration the effects of their business decisions. Giving back to the community is also something businesses do, however, is not part of good corporate citizenship. This is true because financially providing to a local community has no correlation to business as it is simply a way for businesses to advertise and market their product. Therefore, actions such as emphasizing an environmental program, using methods that respect social and cultural values, or providing employees with special benefits such as a company car or expense account illustrate examples of good corporate citizenship. Making sure stockholders, shareholders, and local residents are respectfully treated is also important. These actions constitute good corporate citizenship...
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...Ir. Dr. John D. Gilleard, MHKIE, IFMA Fellow The Sloane Partnership, Hong Kong Former Associate Dean, FCLU and Head Dept. Building Services Engineering The Hong Kong Polytechnic University FM Futures Facilities Management Workshop: 6th June 2008 Facilities Management Services in Hong Kong 1 ◦ IFMA: “Facility management is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process and technology.” ◦ European Committee for Standardization: “FM is the integration of processes within an organization to maintain and develop the agreed services which support and improve the effectiveness of its primary activities.” /CEN/TC 348 ◦ Prof. Bev Nutt: “The primary function of FM is resource management, at a strategic and operational level of support1.” 1: “Four Competing Futures for FM” (2000) by Prof. Bev Nut, Facilities, Volume 18, Number 3-4, pp 124 - 132 ”Defence” mode ◦ Preserve ◦ Maintain ◦ Reduce risks ◦ Cut costs ”Attack” mode ◦ Proactive ◦ Create opportunities ◦ Add value ◦ Be flexible Hardy Nilsson – Swedish national coach has two strategies in ice hockey: 1. ”Never lose” – excell at defense, benefit from mistakes by the ’enemy’ 2. ”Always win”- be proactive & creative Current practice ◦ Property consolidation ◦ Downsizing ◦ Cost cutting ◦ Disinvesting ◦ Disposal Short term advantages for investors and shareholders Balance sheet improvements Potential to damage...
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...The return of financial repression CARMEN M. REINHART* Professor Peterson Institute for International Economics Periods of high indebtedness have historically been associated with a rising incidence of default or restructuring of public and private debts. Sometimes the debt restructuring is more subtle and takes the form of “financial repression”. Consistent negative real interest rates are equivalent to a tax on bond holders and, more generally, savers. In the heavily regulated financial markets of the Bretton Woods system, a variety of financial domestic and international restrictions facilitated a sharp and rapid reduction or “liquidation” of public debt from the late 1940s to the 1970s. The restrictions or regulatory measures of that era had their origins in what would now come under the heading of “macroprudential” concerns in the wake of the severe banking crises that swept many countries in the early 1930s. The surge in public debts that followed during the Great Depression and through World War II only made the case for stable and low interest rates and directed credit more compelling to policymakers. The resurgence of financial repression in the wake of the 2007-2009 financial crises alongside the surge in public debts in advanced economies is documented here. This process of financial “de-globalisation” may have only just begun. * Research associate at the National Bureau of Economic Research, Research Fellow at the Centre for Economic Policy Research. ...
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...| Has Market Economy approach led the world to the current economic situation? | | | | By:Divya Padmanabhan IES Management College and Research Centre Mumbai, India | Executive summary: “If war is God’s way of teaching geography to the world, recession is His way of teaching everyone a little economics”. The global financial crisis has questioned the efficacy of the existing institutional framework and forced us to rethink on how our financial systems are regulated. It has also posed an important question whether the root cause of this global crisis has been the highly praised ‘Open Market Approach’. The inter linkages in the global economy has ensured that no country remains isolated and unhindered by the crisis. With the economic crisis looming over the people at large, unemployment seems to be at all time high and the whole world having a pessimistic view of the future, capitalism seems to be at loss of reason for this crisis, let alone a find solution for it. There was a time when being a capitalist economy was a matter of pride and people were excited to be part of the “free” economy but somewhere down the line the excitement seemed to have vanished. What was thought to be an epitome of equality, turned out to be the cause of inequality. In an article by Joseph E. Stiglitz “Of the 1%, By the 1%, For the 1%”, 1 percent of the people in USA take nearly a quarter of the nation’s...
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...Accounting emerged from an oral tradition of stewardship. In ancient societies, the steward assumed responsibility for estate supervision and was recognised as the proxy of the ruler. It was an important position in that most stewards were members of the lord’s central council. Record keeping was aimed at maintaining integrity and discovering misappropriation. For example, auditors gathered to physically check harvest against volumes harvested. Some of the most ancient records are on clay tablets dating from 2500BC relating to the Sumerian civilisation showing a series of transaction involving grain. The Code of Manu, which reflected Hindu thought, provided for a periodical audit of trade relating to Kayasthas castle in Bengal. A number of...
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