Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Property

Property Consulting

Resolving the property overhang:

The National Property Information Centre (NAPIC) released its overhang numbers for 2021 last week, it revealed that Malaysia is still far from resolving an issue that has been plaguing the property market for years. The statistics also showed that the level of overhang in the country is at its highest since 2018. The number of unsold units under construction improved, dropping by 2.1% to 70,231 units. However, the number of unsold units not constructed recorded a sharp increase by 69.2% to 21,960 units. Investors in search of quicker returns may decide to turn to the finan

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Investment

The Best and Worst Countries for Americans To Buy Property:

Real estate is one of the oldest ways to invest and generate income.  However, the real estate market has been a bit chaotic in the U.S. since the start of the pandemic, and it has Americans searching far and wide to find the best properties, to the extent that investors are looking in second and third tier markets. With the worst rental yield of 1.93% in Turkey and the best of 10% in Moldova there is a great variety. However, the average rental yield in the U.S. is just under 3 % so many countries are in fact excelling as compared to the USA. The key message being- do you

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Property Consulting

Cabinet to discuss easing in property brokerage bill:

This week, the cabinet is to discuss revisions to land rights and property brokerage laws with Democratic Progressive party to attach an exclusionary clause to a proposed ban on the transfer of presale housing contracts. It aims to curb short term property speculation, specifically about the transfer of presale housing contracts, which require small amounts of money and are often blamed for pushing up housing prices. The bill would then be forwarded to the legislature for review before taking effect. _____________________________________ What do you think will be the imp

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Property Consulting

Property tech firm Deepki gets €150m backing as it eyes international push:

Real estate software firm Deepki has received a  a €150m funding injection today as it looks to rollout its property data intelligence software to firms across Europe.  a €150m funding injection today as it looks to rollout its property data intelligence software to firms across Europe. The real estate sector is currently responsible for around 40 per cent of global carbon emissions, and bosses at Deepki said more than $5tn of investment is needed each year to decarbonise the sector . Commercial real estate with poor ESG performance is already being affected by brown disco

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Property Consulting

Foreign ownership of U.K. property must be restricted urgently:

It has been clear for years that foreign ownership of UK property and land must be restricted. Any involvement by offshore trusts should be banned. These restrictions would help prevent, or limit, situations like the present one. More importantly, with a housing shortage that affects large numbers of us, such restrictions would help constrain increasingly ridiculous property prices. It does no favours to any of us if successive governments fail to legislate to prevent the sale of properties to those who use them as vanity projects (often unlived in), and the UK merely as a

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Property Consulting

Get paid £1,000 for saving: Lifetime ISAs

Lifetime ISAs were launched in April 2017 and a total of £1.25 bln were deposited in 2019-20 alone. Using a LISA one can buy a first home which cannot cost more than £450,00 but otherwise the savings cannot be touched until you are 60 or fall seriously ill. The big con however is the exit penalty. To open one, you must be aged 18 or over and under 40. You can deposit up to £4,000 each tax year and earn a 25 per cent bonus on contributions up to £1,000 a year. The £4,000 counts towards your annual £20,000 Isa allowance. To avoid forfeiting the 'free money' and losing some o

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Property Consulting

Evergrande has suspended trading, again:

China's property giant has suspended trading in Hong Kong again, this is according to a notice from the stock exchange. China's property firms have struggled in the wake of Beijing's drive to curb excessive debt in the real estate sector. The suspension -- the second this year -- comes ahead of an expected $2 billion repayment obligation on Wednesday, and another next month of $1.4 billion. Earlier struggles to pay suppliers and contractors due to the debt crisis led to sustained protests from homebuyers and investors at the group's Shenzhen headquarters in September. The

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Property Consulting

Luxury residential scheme hits the market!

Property investors are being targeted as a new £3million luxury residential hits the market. Andrew Parker, managing director, and auctioneer at SDL Property Auctions said: “It’s rare to see a property in such a prime location come to auction and we expect interest to be high given its proximity to the city centre and the history of the building itself." A former Nottingham police station is set to go to auction this month with plans to transform the building into £3m residential apartments overlooking the city’s affluent Park Estate. _______________________________ Do

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Property Consulting

Business Owners: If you transferred property into a pension scheme you may be owed a stamp duty fund!

If properties have been transferred into Sipps or SSAs then exempted of stamp duty may be applied. However, it is only applied if the property is jointly owned by various parties. Many pension trustees and advisers were not made aware and on average people have wrongly been made to pay approximately £50,000. The pension scheme the asset is being sold to must also be in the name of the same partners, or people connected to them. Stamp duty is due on such transfers apart from in very specific and limited circumstances. Each case needs to be considered on its own merits. ___

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Property Consulting

Property listing rules: Lawyer involvement encouraged

There has been new legislations enforced on the information that should be included in property listings, this would promote sellers to request lawyer aid earlier in the process. All properties listed, from the end of May, in the first of a 3 stage process will have to include the property's council tax band, council tax rate, the property price and tenure information. In the next two stages the sellers will have to declare restrictive covenants, flood risk and other specific factors which could impact the property due to it's environment. These new data fields will start

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