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Showing posts from November, 2022

Spouses have equal common property rights

  Property purchased by married couples is the spouses' common property except as otherwise provided under Book 5 of the Matrimonial Law of the Civil Code in their marriage contract. Even if one of them just kept house, took care of children, and didn't have an independent income, the rights of spouses arise.  real estate companies in qatar Each spouse's separate property includes that which he or she owned before the wedding and which was received by succession or gift during marriage. Eighteen persons must accept a legacy through a legally competent representative, often a parent. A minor under 7 is legally incapable under Georgian law and a minor between 7 and 18 is considered to have limited legal capacity. Legally incapable individuals and persons with limited legal capacity can, through their lawful representatives, accept their succession. Parents are the legal representatives of their minors and without any special powers, are entitled to protect children's ...

Legacy by will is common in Georgia, but legacy by law is also common.

  Many Georgians believe that legacy by law is easier and less costly than legacy by will. Most testators in Georgia know that the same parts of their estate will be granted by law to their successors. A will is useful when a testator wishes to assign different shares of his/her estate by law or to break the heritage rule, and legate a portion of his/her estate to an inheritance successor of the lower order (e.g. 2nd, 3rd etc.) or to people outside the inheriting circle by law . doha property If a foreigner is the owner of property and permanently resides in Georgia, the foreigner is free to legate any successor or third party to a Will. When a foreigner owns real estate in Georgia, although he or she is not resident in Georgia, Georgian real estate law shall apply. Two forms of will exist: The notarized testament. The testator must be written and signed and certified by a notary. If a notary is not available, a local self-government body can confirm that will. The notar...

Where to buy Greek property

  Publication by the research team of the Global Property Guide. Greek Properties    apartment The home of the gods, the birthplace of democracyóGreece has greatly contributed to Western civilization and culture. It is also a beautiful country, a country of mountains and plains. Greece consists of a continent on the southern part of the Balkan Peninsula and over 2000 islands spread mostly across the sparkling Aegean Sea. Its towns and cities are proof of its rich historic and cultural heritage, from the stately ruins of the Parthenon in Athens, to the whitewashed churches on Santorini Island. Often the rocky landscape gives way to cultivated vineyards, citrus fruits and olive groves. These are the basic products of Greek cuisine which can be tried in the tavernasósmall restaurants which serve local food and traditional Greek drinks, retsina and ouzo. The history of Greece is very long. In Crete, the earliest civilizations were the Minoan civilization and in mainla...

Cavendish Advocacy: A Third Of The Public Believes That Efforts To Reduce Carbon Emissions Will Harm Their Personal Finances!

  Public and MP polling on the green economy reveals: Climate change should be at the top of the government's agenda, according to the majority of MPs and the general population.  property The COP26 climate meeting is unknown to 60% of the public, and MPs believe the public is unaware of the government's centerpiece 'Ten Point Plan.' The public is divided on whether climate change mitigation measures will have a favorable or negative impact on their household finances. /PRNewswire/ — LONDON, April 29, 2021 — According to new research conducted by Yonder on behalf of communications consultants Cavendish Advocacy, the majority of the public (58%) and MPs (51%) feel that addressing the climate problem should be at the top of the government's agenda (irrespective of the Covid-19 pandemic). However, a third of the people (33%) believes it will harm their household budget. There is also a considerable lack of understanding of important aspects of the government...

Guesty, a property management platform, has raised $50 million in Series D funding, indicating that the short-term rental industry is on the mend!

Guesty, the leading property management platform that automates and streamlines all complex operational needs associated with short-term rental management, announced today that it has raised $50 million (£36 million) in Series D funding led by the Apax Digital Fund with participation from the AMI Opportunities Fund, both advised by Apax Partners ("Apax"), as well as existing investors Viola Growth, Flashpoint, and Vertex Ventures.  for sale qatar The round brings the company's total funding to $110 million (£79 million), solidifying its position as the most well-funded property management software in the alternative accommodation ecosystem, a competitive market where small and large hospitality brands are increasingly relying on robust tech solutions to professionalize their operations in order to scale and grow. "We are entering an exciting chapter in our company's life cycle," said Amiad Soto, Co-Founder & CEO of Guesty, "with short-term ren...

Real Estate Africa Gateway to build Appolonia City office in Ghana!

  Gateway Real Estate Africa (GREA) has announced that it is building its first commercial office building in Ghana, in Appolonia City, Greater Accra's inclusive mixed-use, new city, 20 km from the center of Apollonia City.  apartment for sale The Complex Grade A will have both corporate and retail spaces at its headquarters and sales office, and will be anchored by Appolonia City. To complete the first phase of this project, USD 4 million will be invested. With the planned completion in 2022, the four-story building will benefit from the existing world-class infrastructure of Appolonia City, including roads, power, water, waste management and ICT. "As with all our real estate solutions across Africa, the office building of Appolonia City will be equipped with high quality borrowings and strong partners, starting with Appolonia City itself," said GREA Chief Investment Officer Andre Janari. "We have high demand for office and retail space for companies and peo...

In Andalusia, the new government is determined!

  In Andalusia, the new government is determined and has continued to slash the property transfer tax and the stamp duty unabated in 2021 and now has a lower Wealth tax, mainly personal income tax (although their ability to tweak the latter is very limited because it is a national income tax). All those tax changes I have described in detail over the last three years have created in Andalusia an ultra-low taxation sector which not only attracts people who have an influence on the immobilization market, but also and most essentially large companies (read below).  qatar properties Dereglementation. Andalusia's new administration is nowhere near streamlining and simplifying administration procedures, reducing bureaucracy. Take tourism licenses as a small example. What was a nightmarish convoluted system with seven different classifications in 2016 was now implemented with just two options by 2021, making it much easier to apply online for all concerned. These changes are contin...

MORTGAGE MARKET IN Q1 2021: Recovery stronger than expected!

  A summary of the Spanish mortgage market figures published in the first quarter of 2021 – interest rates, mortgage values and the new Spanish mortgage loan volumes – to give you an idea of what's on the mortgage market, which is an important part of the home market.  sale qatar Euribor / Spanish mortgage base rates The 12-month Euribor, the baseline of interest payments on the majority of the mortgages in Spain, was -0.486 as a quarter monthly average (see figure above) compared to -0.266 the same month a year earlier, which is 83 percent lower than 12 months earlier than the previous quarter. Borrowers in Spain would have experienced their monthly repayment of around €11 per month with an annual reset of Spanish mortgages, based on Euribor, with a typical €120,000 loan with a 20-year term. As you can see from the above chart, in the first half of last year euribor climbed into positive terrain before plunging into record drops in January of this year and then descen...

What do upmarket foreign buyers, including Spain, want in Southern Europe?!

  Savills Aguirre Newman, an international property agency, published the report on house demand in France, Italy, Portugal and Spain.  for sale During February and March this year, the World Research Team at Savills Aguirre Newman surveyed nearly 500 customers throughout their upmarket agents' network in Southern Europe to gather insights into the "motivations and desires of homebuyers today." They found that the "Covid-19 pandemic has caused changes in people's way of living and working, changing what buyers consider important in their homes." They found an increasing interest in rural idylls with 80% of second-house buyers searching for a rural environment, although older buyers were more interested in rural areas than those 40 or older. The survey shows "nearity to amenities, high speed Internet access and a good view of homebuyers as the top three factors," with outdoor space also high on the "nice to have" list. The growin...