Posts

Showing posts from September, 2021

Where to buy in Malaysia

In Malaysia Properties Malaysia is a divided country, divided by the sea into two sections. South of Thailand, Peninsular Malaysia is bordered by Malacca Strait in the west. The eastern Malaysian States of Sabah and Sarawak and Labuan Federal Territory cover the north of Borneo Island across the South China Sea, except for Brunei Enclave.  rent cars The Kingdoms of Hindu and Malay, and later Malaysia sultanates, occupied areas or parts of the regions that became the Malaysian States for centuries. Large parts of today's territory also became part of the empires of Srivijayan and Majapahit. At the same time, before the Europeans arrived these kingdoms, sultans and empires had trade and diplomatic relations with their Asian neighbours. Although Melaka (Malacca) had actively engaged in commerce with Chinese and Indian spice traders, the Portuguese, the Dutch and the British invaded in succession. In the early 19th century, the Netherlands and the British began to band together the sul...

Titles of property are registered in Malta.

The Maltese Courts do not subscribe to the concept of 'fair ownership' and ownership of property is based exclusively on the roots of title registered in Malta.   rent Searches are routinely carried out by lawyers to provide evidence of legal ownership of property to the Civil Court. Searches are also carried out routinely before the sale or other transfer of the property and to check whether a property is hypothecally charged or not for the benefit of third parties. Ownership and rights of inheritance. Maltese legislation contains no restrictions on foreigners, including non-residents, ownership or inheritance of immovable property. Marital rights. Property in Malta belonging to a person before marriage is retained after marriage as a personal and separate property. Where such property becomes the principal domicile of a married couple, after the owner's death, the surviving spouse, which is not the legal owner, shall have the right of habitation, as well as a reserved pro...

Property may be given throughout the owner's lifetime.

A mentally sound person is free to dispose of any property in Malta he/she likes. There can be no challenge if the donor has a sound mind; however, unless the donor otherwise orders, either through a donor act or a subsequent donation, children and descendants inherit from an ascendant, whether under a will or by a rules of intestacy, must deduct from the share of their inheritance the value of all that has been given from the deceased by a donation.  real estate agent Inheritance is governed by the Civil Code. The Malta Civil Code is the primary law governing property in Malta, regardless of the nationality or place of residence of the owner of the property. The Malta Civil Court is competent to deal with the proceedings for heritage. An inheritance case takes at least two years to complete; however, the nature of the heritage, the efficiency of a legal counsel, and any appeal that may be lodged may be longer, depending on the evidence submitted. There is a reserved portion. When ...

Home prices in Iceland are rising rapidly1!

Trend: house prices in Q3 2018 up 2.2 percent y-o-y During the year ended Q3 2018, national house prices in Iceland increased by just 2.2 per cent, down sharply from 18.76 per cent y-o-y in the same period last year. Housing prices increased by 1.25 percent in Q3 2018 quarter-on-quarter .  rent cars From 2002 to 2007, Iceland saw the housing boom with house prices rising by over 73 percent. However, from early 2008 to 2010 house prices plummeted by 32,5% due to Iceland's extreme exposure to the global crisis. In the next three years, the housing market was quiet, with house prices rising by 5%. In 2014, Iceland then experienced strong domestic price increases of 5.22%, 6.89% in 2015, 12.55% in 2016, and 12.89% over 2017, attributable to strong demand and a reduced supply of housing, notably in the capital city of Reykjavik. Iceland's continued increase in demand for property is driven by booming tourism. According to the Icelandic Tourism Board, foreign visitor arrivals r...

The law of Anguilla is PRO-LANDLORD

Rents: Can tenants and landlords freely agree to rents in Anguilla? The rent can be negotiated freely between the parties as can the rent increase over the lifetime of the tenancy and other contractual terms.  rent Anguilla Beach Buildings The Rent Restriction Act (RRA) applies to all building land, unfurnished houses and public or commercial buildings. With the exception of the Rent Commissioners, rental increases on unfurnished and commercial property were to be limited to 15%. In the absence of critical components such as nominated Rent Commissioners, there is currently no legal regime under the Rent Restriction Act. The Act still applies to statutory books but did not have any real impact. This could change (see below). Deposits In the absence of an enforceable RRA, the parties can agree on a deposit again. The deposit is generally rented for one month. What are the rights of landlords and tenants in Anguilla, in particular regarding contract duration and expulsio...

Legislation on heritage: some general issues

Data Property Inheritance Home A foreign country's purchase of property often requires an examination of who inherits the property. The problems can be very complicated. For every country, the Global Property Guide provides an essential outline, based on the advice of leading local law firms.  real estate agent A brief overview of possible problems with the heritage: The portion reserved Anglo-Saxon buyers are often not fully prepared for the usual "reserved portion" of continental legal systems. The 'necessary heirs' who are designated by law must be granted a significant portion of the property left under those systems of law. These 'needed heirs' are usually the sons and daughters of the deceased and their wife. The division between the estate is usually quite straightforward (although Islamic law has created a "necessary heir" system of considerable complexity). The wife is often granted the right to live on the property, but she does...