Tuesday, February 18, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.
As a global real estate marketing brokerage, we here at Global Property Systems keep an eye on international news and world concerns. Because many of our clients are from abroad, their worries are our worries. Few people realize that troubles such as unrest in the Middle East or the spread of the coronavirus in Asia actually have an effect on markets and real estate investments in the United States.
Surprisingly, in the midst of all this seeming chaos and bad news, one sector that improves with bad news is real estate.
Mark Fleming, the chief economist for First American Financial Corporation said in a recent report:
“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense ...
Tuesday, December 10, 2019 / by Vanessa Saunders
Do you have dreams of moving abroad? Maybe you plan to retire somewhere tropical where island breezes and warm sand are a part of every day living? Or perhaps finding a little bit of paradise overlooking Tuscan vineyards or Spanish olive groves for you to visit a few months out of the year? If you've ever thought of buying a little place of your own in another country, first you need to do some homework. Below are five things to consider when you plan your great escape.
1. How's the economy?
Moving overseas can be a good idea in an area with a low cost of living. But first, you should look into what it costs to live in paradise. Analysis by experts is available from the World Population Review's website . Plan ahead and budget accordingly.
2. Foreign Property Ownership Laws
Not every country allows just anybody to own real property like the United States. According to financial consulting firm SmartAsset, "Even if the country you’re interested in allows foreigners ...
Monday, October 21, 2019 / by Vanessa Saunders
When hiring a REALTOR®, be sure he or she is skilled in the type of property transaction you intend to make. The truth is, different real estate dealings come with different regulations, and if your agent isn't an expert in the type of transaction you're conducting, it could come back to bite you not only during the transaction buy down the road as well.
Here's a real-world scenario as related to us by Pearl Insurance, our risk management specialists, in which an agent well-versed in residential sales decided to venture into commercial sales and ended up being sued.
A real estate agent with a successful background in residential sales received a request from a light manufacturer to help locate a new business space to rent. The agent had been selling residential homes for over 30 years, and he welcomed the opportunity to finally put his commercial real estate knowledge to use.
The agent was considered an expert in residential tr ...
Friday, September 20, 2019 / by Vanessa Saunders
Set amidst the gentle backdrop of central Tuscany, this spectacular 19th century castle offers magnificent views of the region’s hills and valleys. Located midway between Florence and the Adriatic Sea, the castle was built in medieval style by Italian poet Giovanni Giusti, a lover of medieval culture. The 35-room castle features the essence of the era, with arched windows, wrought iron gates, a pillared open-air entry hall, coffered ceilings, stone stairs, vaults, spiral staircases, and original frescoes on the ceilings.
The castle is surrounded by an Italian garden with a wide variety of foreign and domestic Italian plantings. Driving up the cypress tree lined drive, your first hint of the grandeur to come is the magnificent main gate in the middle of the facade. A matching gate leads out on the opposite side of the castle. Overlooking the pillared indoor courtyard is a double arched window on the second floor and pointed arched windows on th ...
Thursday, September 19, 2019 / by Vanessa Saunders
What better time to pack up and head to sunny Italy! A bill that included very generous tax incentives for people interested in relocating to Italy has been made into law. The ‘Decree of Growth’, also known as the ‘lavoratori impatriati’ regime, is aimed at any type of worker, regardless of their qualification or skill level. It expands on the previous version, which only included managers, executives and entrepreneurs.
Passed under ‘Law 58’, the decree reduces the amount of taxable income to just the first 30% of the worker’s employment income for the first five years. This leaves that 70% that a worker can keep tax free. And that's just for starters.
If an individual chooses to relocate to southern Italy or to the islands of Sicily and Sardinia, the incentives would be even greater. Taxable income for those new residents is just 10% in the first five years – meaning that 90% is untaxed.
Buy a house or have a dependent child a ...