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Leading property experts in favour of “golden visa” proposal May 2013 The suggested of a “golden visa” of residency for investors buying properties in Spain over €500,000 has been warmly welcomed...
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When the first trance of properties came onto the market for sale, they were classified as leasehold. Most of these properties are now freehold.
There is currently an implied promise from competent officials, albeit not in writing, that in the future, foreigners will be able to register in their own names.
This is extremely rare. On certain developments purchasers are able to choose finishing to such items as cupboards and worktops in the kitchen and tiling to the floors. Any upgrading would ordinarily be done after completion in much the same way as one might anywhere else in the world. Developers tend to buy in bulk: thus keeping construction costs down, and enabling them to budget accordingly.
On most developments there is a service charge payable after completion. These are only payable in relation to common areas such as parks within the Development – as well as for road maintenance. Clearly, as the cost of maintenance increases, then so will the charges but few anticipate huge increases. The maintenance of your own property and grounds is entirely separate – as you would expect with freehold property ownership.
No, not yet. Lawyers are able to ensure security of financial transaction and can hold a designated client account, from which they ensure funds are paid out to the appropriate organizations and/or individuals. They also review the contract and documentation, generally before signing for purchase, although there is no system in place at present where you can make preliminary enquiries of the property as part of the transaction. It is important to ensure that you are contracting to purchase that which you intend to purchase and questions can be asked but are usually done on a less formal basis at present.
The Purchase Sales Agreement (Contract) stipulates that you will be entitled to receive a Residence Visa for as long as you own the property. In accordance with the normal Immigration laws in the UAE, every three years your Residence Visa will be renewable.
Of course, but at present any transfer of ownership must be done via and with the approval of the developer and the developer for the transaction makes an administrative charge.
The Cavendish, Awali City, Ajman Area Information: • Situated strategically just of the Emirates Road, opposite Emirates City • Approximately 20km from Dubai • Ajman is an emerging property market within the UAE which offers inves...
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Istanbul - Turkey CITY SPOR 2 DESCRIPTION. Every day peoples’ biggest wish is to see the smiling faces of people they know, to enjoy comfortable living standards and, most importantly, to be in a safe environment. T...
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Pattaya - Thailand ABATALAY CONDOMINIUM at Jomtien Beach Affordable Luxury Ocean Side Condominiums starting at 699,000 Thai Baht A new development in Jomtien that is offering 23.1m2 studios for THB 750,000 (£...
Koh Samui - Thailand Description: Nominated For The 2011 Asian Property Award, Best Residential Development Koh Samui. Following on from our sold out CODE development, Lanna, is a collection of studios, 1 Bedroom apartm...
Florida - America Welcome to The Palms Club, this vibrant Mediterranean-inspired environment creates a beautiful, tranquil setting even as the activity swirls non-stop around you. Enjoy as much or as little as you desi...
