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  • International Property Show lives up to its name

    Buy2Greece.com

    The three-day International Property Show (IPS) in Dubai attracted 11,456 visitors as well as exhibitors from 48 countries, with more than 80% signing up for the next event in 2015

    The International Property Show in Dubai has lived up to its name by attracting exhibitors from 48 countries and delegates from 105 countries.

    Organisers say there were large delegations from Turkey and India at the event which was attended by 11,356 real estate professionals and investors.

    Official data on attendance at the three-day International Property Show (IPS) show, at the Dubai World Trade Centre, has just been released.

    IPS1The top 10 visiting countries were United Arab Emirates, Saudi Arabia, China, India, Turkey, Russia, the UK, Pakistan, Morocco and Kuwait.

    Most visitors (16.7%) were investment agencies, property developers accounted for 14.4%, real estate agents and brokers 13.1%, property consultants 9.2%, individual investors 7.3% and media and marketing 6.7%.

    “The participating exhibitors represented 48 countries and covered all aspects of the real estate, construction and investment sectors occupying 13,680 square metres of exhibition space.

    “Good visitor quality and the amount of new business prospects met at this year’s show were listed as the key success factors by participating exhibitors. Together with the strong international character, these factors testify the International Property Show’s on-going and growing success.”

    Next year’s show takes place at the Dubai World Trade Centre from 30 March until 1 April 2015 and more than 80% of exhibitors at this year’s even plan to return.

    Adam Partridge, Sales Manager, Middle East, of Al France Property, says, “Expanding year-on-year encouraged us to participate for the first time at this year’s International Property Show. Our expectations were met, experiencing good levels of visitors to our stand with an appetite for French real estate, as well as a bustling and vibrant atmosphere over the three days. This in turn led to us booking the same stand for 2015.”

    Union Properties, which launched two projects at the show, says “the event and networking was interactive and valuable”, says General Manager Ahamad Al Marri.

    Survey results show that 85% of exhibitors were satisfied with the impact of branding at the show, 84% with new business contacts they met and 83% with expected post-show business deals.

    The show includes the International Property Show conference, which was backed by the Dubai Land Department and organised in partnership by the Royal Institution of Chartered Surveyors. It focuses on how frontier and emerging markets can attract sustainable real estate investment.

    By Adrian Bishop, Editor, OPP Connect

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  • Shenzhen International Real Estate Expo

    Buy2Greece.com
    Shenzhen International
    Real Estate Expo
    19 – 21 August 2014

  • Chinese tourists to spend US$283 billion

    Buy2Greece.com-

    As wealth levels rise in China, more Chinese globetrotters are venturing out.1 

    In 2013, 1 billion Chinese travelled internationally,2 and the World Tourism Council predicts Chinese travellers will spend $283 billion overseas by 2024.1

    Here’s a topline overview of Chinese tourism trends around the world: 

    US: More than 1.8 million Chinese tourists travelled to the US in 2013.3 News headlines recently reported what’s deemed as the largest Chinese tour group – over 6,000 passengers landed in Los Angeles, arriving on 70 flights in total.4 

    FRANCE: Around 1.4 million Chinese visited France last year.6 Some of these travellers must have had wine investment on their minds, given that Chinese-owned Bordeaux vineyards leapt from 3 to 83 in 5 years.7
    AUSTRALIA: Down under, a record 748,200 Chinese tourists visited Australia between February 2013 – 2014.5 Australia’s quality education opportunities are a major drawcard, as are the country’s beautiful natural bounty. “Just being outdoors with blue sky is crucially important to Chinese tourists,” says Don Morries from Tourism Thinktank consultancy.

    SOUTH AFRICA: With its alluring safari experience and diamond shopping, South Africa is another up-and-coming hotspot. The country received 154,000 Chinese visitors in 2013 – showcasing an average growth of 46% per year in the last 5 years.8

    Given the Chinese’ penchant for property hunting while travelling, real estate agents better sit up and take notice of this growing trend!

  • Robyn Waters Takes Office as World President of FIABCI, the International Real Estate Federation

    Buy2Greece.com

    Robyn Waters from Australia has been installed as World President for FIABCI, the International Real Estate Federation during an official ceremony at the 65th FIABCI World Congress in Luxembourg. 

    Waters has an extensive background in the global real estate industry and has been an active member of FIABCI since 1977, serving in several leadership positions.  She has developed an outstanding reputation as a global real estate industry leader, not only within Australia but throughout the world.  Her expertise, commitment and dedication to the global real estate sector will serve to continue to position FIABCI as a real estate industry leader. 

  • 3rd Annual Agrotechnology Conference

  • Don’t Forget These Costs When Buying a Home

    Buy2Greece.com
    You’ve crunched the mortgage calculators, estimated your tax payments, and taken a realistic look at how much house you can afford. You’ve stuck within your range when scouring the realtor.com® listings, being careful not to bust your budget.

    But there are more expenses involved in home buying than just the property costs. And those additional payments, if you don’t factor them in, can be high enough to derail your conscientious planning.

    Here’s what to keep in mind:

    Buying Costs

    You’ve got your mortgage pre-approved, but that’s not all you will need to fork over to get the keys to your new place. Services that need paying:

    Your buyer’s agent fee
    An appraisal to confirm a reasonable market price for the property
    Inspections of structural, mechanical, pest or other potential issues
    A real estate attorney to review all contracts (depending on the state)
    Property taxes vary widely, up to 4.2% of a home’s value in some states, according to a CNN map published in 2013. Depending on when you buy, you may owe the previous owners for property taxes they have already paid. You may also need to pay fees to a local association, such as a condo homeowner’s association.

    Moving Costs

    Moving into a home can involve major expenses for packing, storing and transporting your possessions and yourself. If you are moving across the country, the costs could be significant. Even moving across town can cost more than you planned for truck rental, movers and equipment.

    Utilities

    Setting up your telephone, electricity, gas and water—did you budget for these expenses? They could cost more at your new place, especially if you’re moving to a larger home or from a rental.

    New Stuff

    You may need to purchase appliances or furniture for your new home. Some items, like your old particle board bookshelves, may not be worth the cost of moving. Again, if you are sizing up, you face the potentially fun, but possibly financially draining, challenge of filling the new place.

    Maintenance and Renovations

    Trees fall on roofs. Gutters need cleaning. Driveways need repair…. A standard rule of thumb is to budget at least 1% of your home’s purchase price each year for home maintenance costs.

    Maintenance can include things such as painting, replacing roof shingles, fixing or upgrading plumbing and wiring. The amount you will need to pay for maintenance can depend on the age of the home, the previous owners’ upkeep and the climate.

    Homeowner’s Insurance

    You won’t be able to obtain a mortgage without homeowner’s insurance covering both the property and its contents. However, the standard insurance may not cover natural disasters such as floods, tornadoes and earthquakes. Depending on where you live, you may want to consider taking out additional insurance to cover such risks.

    Private Mortgage Insurance and Title Insurance

    If the down payment on your home was less than 20% of the purchase price, you will have to pay for Private Mortgage Insurance. PMI protects your lender in case you default. It’s standard, and fees vary. The rules are complicated, but usually once you have paid down the mortgage so you owe less than 78% of the purchase price, you can drop the PMI payments.

    Title insurance offers protection for you (and your lender) if you later discover that someone else could lay claim to the title, and therefore ownership, of the house.

    Even if you are lucky enough to avoid paying for PMI, you find a low-cost attorney you can trust, and you have a modern, energy-efficient house, these expenses can still add up to thousands of dollars. That prospect should not scare you away from homeownership, but it always helps to be prepared.

    Ben Apple contributed to this article.

  • “Πλαφόν” οι 20 εκατ. τουρίστες για την Ελλάδα

    Buy2Greece.com

    Απογειώνουν τις τουριστικές αφίξεις στην Ελλάδα οι αυξημένες προγραμματισμένες αεροπορικές θέσεις από το εξωτερικό, ξεπερνώντας και τις πιο αισιόδοξες εκτιμήσεις για εφέτος.
     
    Ο Σύνδεσμος Ελληνικών Τουριστικών Επιχειρήσεων σε επεξεργασία των στοιχείων του ετήσιου προγραμματισμού των πτήσεων της Εθνικής Αρχής Συντονισμού Πτήσεων (ΕΑΣΠ), κάνει λόγο για 19 εκατομμύρια αφίξεις και συνάμα επισημαίνει την ανάγκη για υλοποίηση επενδύσεων στις ξενοδοχειακές υποδομές. 
     
    Σύμφωνα με τον πρόεδρο του ΣΕΤΕ, Ανδρέα Ανδρεάδη, η Ελλάδα χρειάζεται 150.000 νέες κλίνες, όπως επίσης και πλέον 100.000 αναβαθμισμένες προκειμένου να ανταποκριθεί στις αυξημένες ανάγκες της ζήτησης με γνώμονα την ποιότητα. Οι παράγοντες του κλάδου εκτιμούν ότι ο στόχος των για 24 εκατ. αφίξεις τουριστών έως το 2021 (Πρόβλεψη της McKinsey), θα επιτευχθεί πολύ πιο γρήγορα. Ο κ. Ανδρεάδης σημειώνει ότι τα 20 εκατομμύρια τουρίστες είναι η οροφή σε αυτή τη φάση για την Ελλάδα, καθώς γνώμονας παραμένει η προσφορά ποιοτικών τουριστικών υπηρεσιών.
     
    Ο χάρτης των αεροπορικών συνδέσεων 
     
    Με βάση στοιχεία του Διεθνούς Αερολιμένα Αθηνών την καλοκαιρινή περίοδο 2014 160+ νέες εβδομαδιαίες πτήσεις, επιχειρούν από το Ελευθέριος Βενιζέλος.
    Συγκεκριμένα:
     
        · Η Aegean πετά σε 6 νέους προορισμούς Αμβούργο, Νυρεμβέργη, Ανόβερο, Μπέρμιγχαμ, Νάντ & Κατάνια και σε 8 υφιστάμενους: Άμπου Ντάμπι, Ζυρίχη, Βηρυτός, Κοπεγχάγη, Μασσαλία, Στοκχόλμη, Αμάν & Σμύρνη
        · Η Vueling πετά με δυο καθημερινές πτήσεις από/προς τη Ρώμη
        · Η Transavia.com πτήσεις από/προς Αϊντχόβεν, ενώ παράλληλα η αδελφή εταιρία Transavia France, ξεκινά πτήσεις σε Νάντ, Παρίσι και Λυών
        · H easyJet, πτήσεις προς το Αμβούργο
        · Η Meridiana πτήσεις από/προς τη Νάπολη
        · H Air Armenia πτήσεις από/προς το Ερεβάν
        · Η Arkia πτήσεις από/προς Τελ Αβίβ
        · Η Alitalia πτήσεις και στο Μιλάνο (Λινάτε)
        · Η SAS πτήσεις από/προς Γκέτεμποργκ
        · Η Brussels Airlines πτήσεις από/προς τις Βρυξέλλες
        · Η Mahan Air πτήσεις από/προς τη Τεχεράνη
        · Η Croatia Airlines πτήση από/προς το Σπλίτ
        · Η Singapore επαναφέρει τις εβδομαδιαίες πτήσεις της από/προς Σιγκαπούρη, μετά από ένα χρόνο αποχής από την αγορά της Αθήνας, ενώ ομοίως
        · Η Gulf Air επανέρχεται στην Ελληνική αγορά με πτήσεις από/προς το Μπαχρέιν
        · H Ryanair καθημερινές πτήσεις σε 6 προορισμούς: 3 εσωτερικού (Θεσ/νίκη 5 πτήσεις/ημέρα- Χανιά 2 πτήσεις/ημέρα, Ρόδο 1 πτήση/ημέρα), και 3 διεθνείς ημερήσιες (Μιλάνο/Μπέργκαμο, Πάφο και Λονδίνο/Στάνστεντ)
        · Πτήσεις εσωτερικού από/προς το Ηράκλειο και η Ελληνική Minoan Air. 
     
    Εταιρείες Χαμηλού Κόστους στην Αθήνα το 2014
     
    Τέλος καταγράφεται αύξηση 33% (από 12 σε 16) των εταιρειών χαμηλού κόστους που επιχειρούν στο ΔΑΑ το καλοκαίρι 2014. Αυτό συνεπάγεται με αύξηση των εξυπηρετούμενων προορισμών κατά 36% (από 25 σε 34 πόλεις και 38 αεροδρόμια). Όπως τονίζεται οι εταιρείες χαμηλού κόστους αποτελούν το 28% του συνόλου των αεροπορικών εταιριών που θα επιχειρούν προγραμματισμένες πτήσεις στην Αθήνα το καλοκαίρι εφέτος.
     
     

     

     

  • Tax Implications on Your Vacation Rental

    Rent2Greece.com
    1. Vacation Rental Property is put to Commercial Use for Most of the Year
    If the duration for which you have used your second home for personal use is either less than 14 days or less than 10 percent of the days you rent it out during the year, you will have to file an income tax return as you would do normally for an investment. The rental income that you earn will be subject to taxes and you can claim for the expenses you incur on your rental home as deductions from your income. The normal expenses allowed for deduction are advertising, maintenance, legal, depreciation, mortgage interest, repairs and transportation costs. If these expenses exceed your income, you will be allowed to carry forward the loss and claim for a set off against future profits.

    2. Vacation Home is primarily being used for Personal Recreation
    If your vacation rental property is rented out for commercial use for less than 14 days, then whatever you have earned as rental income from those 14 days is tax free. This stand true not only for your second home but also for your primary residence. So if you have rented out your primary residence for less than 14 days, then whatever rental income you would have earned need not be reported in your tax returns.

    3. Vacation Rental Home is being used for both Personal and Commercial Purpose
    If you use your vacation home for personal use for either more than 14 days or more than 10 per cent of the days you have rented it out for commercial use then you essentially cannot claim all the expenses incurred on your vacation home as deduction. If you have stayed in your rental home for 30 per cent of the total number of days you put it for either commercial or personal use, then you would be allowed to claim a deduction for only 70 percent of the expenses you incurred on your vacation home.

    It is Best to seek Advice of an Expert
    Tax laws are always complicate and if you are looking to plan your taxes on your vacation rental home, it is best to get guidance from an expert in the subject.

  • Mykonos – Greece

    Buy2Greece – Mykonos