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For international buyers, the selling price of a house is just one aspect of the financial equation. Taxes, stamp duties, and annual fees will significantly increase the cost of a home, turning it from an investment to a money pit.  Properties for sale in Doha According to data released today by Knight Frank, taxes and fees will add up to 25% to the price of a $3 million new-build home in Hong Kong, where the government is attempting to slow rapidly growing prices. The additional expense is largely due to non-citizens' stamp duty and property tax. While Hong Kong has the most fees, it is far from alone. Singapore came in second on Knight Frank's most expensive list, with consumers paying an additional 19.3 trillion in purchase prices, including the world's highest stamp duty rate of 18 percent. "While the financial crisis boosted cross-border property demand, it also created a more volatile tax and regulatory climate," Liam Bailey, global head of residential resea...

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  apartments According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that it would acquire MGPA, ...

The Bureau of International Expositions (BIE) met last month to assess the validity and readiness of the five city bids for the 2020 World Expo. Due to a lack of government support, Thailand's Ayutthaya was withdrawn, leaving Yekaterinburg (Russia), Izmir (Turkey), Sao Paolo (Brazil), and Dubai (UAE) to woo the 166 BIE representatives before the final closed session vote in late November.  villas in Doha With the launch of many new mega projects and the government's collaborative efforts to carry the 2020 Expo to the Middle East for the first time, Dubai's chances seem to have changed significantly over the last six months. The Dubai Metro's $1.4 billion (AED5 billion) Red Line extension to Al Maktoum International Airport in Jebel Ali and the Expo 2020 site is expected to be completed quickly, demonstrating the authorities' commitment to the bid. Dubai's list of world's largest, tallest, and most audacious superlatives has given the emirate a global reputat...

  According to new statistics, asking rents for offices in Caracas, Venezuela have risen by 80 percent in the first half of the year compared to the same period last year.  buy house in qatar According to Jones Lang LaSalle study, average rents for Class A office space in Caracas reached $150 per square meter by mid-year, compared to an average of $20 to $35 per square meter in most other Latin American cities. The rise was largely due to currency depreciation. High rents in Caracas, quoted at the official rate, which is charged by every company doing business outside of Venezuela, are prompting businesses to search for alternatives, according to Scott A. Figler, a consultant with Jones Lang LaSalle Latin America. Mr. Figler explained, "Many businesses are looking to buy their office to protect against inflation and potential devaluations, as currency controls make it difficult to transfer cash out of the country." "Rather than letting their money erode in the fina...

  According to a new survey, commercial investors in the United Kingdom are turning to outlying cities like Glasgow and Edinburgh as London office prices rise.  flats for sale in qatar According to Deloitte Real Estate, investors are rapidly priced out of the London real estate market, where rent prices are projected to rise by 10% in the West End this year. Instead, investors are looking north to Scotland, where Edinburgh and Glasgow have forecasted rental growth of 7% and 5%, respectively, according to Deloitte. According to Deloitte reports, Edinburgh's performance in 2012 was the best in four years, with rent in the capital remaining healthy. "Although the degree of market recovery we can expect across Scotland this year is limited, it is the most optimistic image we have been able to paint for the area in some time," said Alasdair Ramsay, head of Deloitte Real Estate. The demand for Grade A space in Glasgow has risen, resulting in increased construction act...

  The face - and the rate - of London will forever change on February 1st. The public will be able to see "The Shard" for the first time on that day.  properties qatar The Shard, with its 1,016-foot elongated-pyramid-shape glass façade, is the tallest building in Western Europe, further altering the once-staid London skyline. The Shard, on the other hand, is more than just a structure. It's just an idea. According to its architect, the renowned Renzo Piano, the aim is to build a multi-use "vertical island" with prestigious offices, world-class restaurants, the city's most exclusive residential address, and the city's highest observatory - The View from The Shard, with an open-air deck offering 360° panoramas of more than sixty miles. Offices will be located on floors 2-28; trendy restaurants will be located on floors 31-33; the Shangri-la will be located on floors 34-52 (with a five-star ranking, 200 rooms, restaurant, gym, and pool); residences ...