National Pension Fund of South Korea (NPS) has spent about € 700 million for the purchase of a multifunctional complex Sony Center in Berlin. According to analysts, this deal represents the beginning of the restoration of commercial real estate markets in continental Europe.
According to the company's owner Ghassan Holding Group, Sheikh Hassan al-Nemerow, who made his first million by trading in gold, investors put their money into expensive real estate in London, so might as well pay attention to the Middle Eastern kingdom.
Foreign Investors Council in Latvia (FICIL) intends to recommend to the government to raise property taxes, lower corporate income tax on the population, to fix a running system of higher education, as well as to explain to people, where are their taxes. In an interview with the newspaper "Business & the Baltics" said new head FICIL Gunnar YUNGDAL.
In the first quarter of 2010 increased to $ 16.5 billion relative to the same period of 2009. However, experts say that such rapid growth is due to poor performance of last year's first quarter.
Due to lower prices for commercial real estate in the country, some historical sites have become more accessible. Real Estate, attributed to this category, in some cases can expect to be exempted from taxes.
In the I quarter of the volume of investments in commercial sites in Central and Eastern Europe, which constitute the region, declined by 55% on the previous quarter.