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Posted 22 September 2012 - 10:30 PM
In the laws of the United States of America, the 'real' in 'real estate' means relating to a thing (res/'rei', thing, from O.Fr. 'reel', from L.L. 'realis' 'actual', from Latin. 'res', 'matter, thing'), as distinguished from a person. Thus the law broadly distinguishes between 'real' property (land and anything affixed to it) and 'personal' property or chattels (everything else, e.g., clothing, furniture, money). The conceptual difference was between 'immovable property', which would transfer title along with the land, and 'movable property', which a person could lawfully take and would retain title to on disposal of the land.
Real Estate as "real property
Real estate business in Mexico, Canada, Guam, and Central America operates differently than in the United States.
Some similarities include legal formalities (with professionals such as real estate agents generally employed to assist the buyer); taxes need to be paid (but typically less than those in U.S.); legal paperwork will ensure title; and a neutral party such as a title company will handle documentation and money to make the smooth exchange between the parties. Increasingly, U.S. title companies are doing work for U.S. buyers in Mexico and Central America.
Prices are often much cheaper than most areas of the U.S., but in many locations, prices of houses and lots are as expensive as the U.S., one example being Mexico City. U.S. banks have begun to give home loans for properties in Mexico, but, so far, not for other Latin American countries.
One important difference from the United States is that each country has rules regarding where foreigners can buy. For example, in Mexico, foreigners cannot buy land or homes within 50 km (31 mi) of the coast or 100 km (62 mi) from a border unless they hold title in a Mexican Corporation or a Fideicomiso (a Mexican trust). In Honduras, however, they may buy beach front property directly in their name. There are different rules regarding certain types of property: ejidal land — communally held farm property — can be sold only after a lengthy entitlement process, but that does not prevent them from being offered for sale.
Real estate agents in Costa Rica currently do not need a license to operate, but the transfer of property requires a lawyer. CCCBR (Camara Costarricense de Corredores de Bienes Raices) is the only official body that represents the Real Estate industry to the government. The Costa Rica MLS is the official MLS of the Costa Rica Chamber of Real Estate Brokers Board. The Chamber institutes the rules, regulations and ethical guide for officially licensed brokers in Costa Rica.
In Mexico, real estate agents do not need a license to operate, but the transfer of property requires a notary public.
Real estate in Thailand and south east Asian countriesIn Thailand it is not possible for a foreigner to own land but property can be purchased then Land acquired under a 30 year lease option; Until recently it was considered by most legal advisors that the ownership of land by a foreigner through a Thai Limited Company was acceptable, although the Law clearly states that foreigners cannot own land in Thailand. The Government has now made clear that such ownership may be illegal. The legitimacy of such ownership depends on the status of the Thai Shareholders who must be shown to be active and financially participating shareholders.
PhilippinesIn the Philippines, one of the growing business in the country is the real estate industry. Aside from the development and rising of tall buildings and establishment in the metropolitan area, nearby provinces are now on the stage of land development with its continuous expansion for horizontal development projects in the nearby provinces such as Laguna, Cavite, Rizal, Bulacan, Pampanga and Batangas.
The major expansion in vertical real estate development projects are in Cebu in the Visayas and Davao in Mindanao, where medium to high rise buildings are beginning to sprout in the two southern capitals.
Posted 10 April 2018 - 09:26 AM
Posted 23 August 2019 - 03:30 PM
To answer the above statements we would need to look at few fundamentals. Dubai has done great in the past few years, growing through a vision that has never failed to amaze, while many challenges were evident which is normal the market lived through a financial crisis and is going through another cycle as we speak. However let’s look beyond the real estate market in Dubai.
Let’s look at Dubai today and what have been put together in preparation for the future. Dubai today has so many entertainment attractions ready and coming up to be added to what Dubai always had. Such hubs grow Dubai’s position on bucket lists as well as improve Dubai’s ability to attract repeat and chain tourism even though the apartments and villas are quite expensive there if you have an interest in buying a villa or an apartment in Dubai you'll find this source very helpful;