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LONDON: Tenants face £70m rent rise

London housing

Tenants face £70m rent rise as social housing converted to affordable’ homes London’s poorest households have been hit by a £70m rent rise as housing associations quietly switch thousands of tenancies to higher rates to make up a shortfall in government funding. About 25,000 homes in the capital have been converted from “social” housing to “affordable” since 2012, according to ...

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World Property Market: Top Investment Spots in 2015

world property

The global economy is changing, and new markets are emerging in world property. There is a total change happening on the real estate map in 2015, and smart investors are getting ahead. Even safe-haven investors are beginning to try new opportunities. While top cities like New York and London remain active, it’s time to eye new spots for investments. Hence, ...

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What you must know about PROPERTY TAX

Property tax can be defined as a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. This is in contrast to a rent ...

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Real estate mogul owes $73.8m in back taxes

Tim Blixseth

One-time billionaire and Yellowstone Club founder Tim Blixseth owes almost $74 million in back taxes, penalties and interest in Montana, state revenue officials said Tuesday, after a tax board ruled that the real estate mogul diverted huge sums from the luxury resort for personal use. Revenue officials said the Washington state resident and his former wife misappropriated more than $270 ...

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Jimi Agbaje promises to reduce land cost in Lagos state

Jimi Agbaje

The Peoples Democratic Party governorship candidate in Lagos State, Jimi Agbaje, says in order to meet the growing demand for accommodation in Lagos State, he will make the cost of land virtually free if elected governor. Agbaje said this at a fundraising dinner titled, “An evening of interaction and dinner with Jimi Agbaje” in Lagos. He said Lagos had a ...

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Receipt should never substitute Deed of Assignment

Why would an individual be issued a receipt for arguably the most important acquisition in his life and yet he’s not presented with one of the most consequential documents in land ownership? A lot of people make this mistake in their desperate bid to acquire land in the most populous black nation in the world. You may want to attribute ...

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He perused the menu as the waiter stood patiently beside him, waiting for him to place his order. It wasn’t that he was indecisive about what to order, it was his pocket that cried out in protest. How could a N50 bottle of water cost N500?! Wetin happen? He thought as he glanced at the waiter who was still standing ...

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GHAZIABAD: Property dealer gunned down

Ghaziabad City

A property dealer was shot dead by armed assailants in Loni, India early on Sunday morning. The victim, 50-year-old Dharampal, used to live with his family in Baghranap Colony, where the shooting took place, said police. According to police, the victim’s 21-year-old son, Gaurav, along with other family members rushed Dharampal to GTB Hospital in Delhi, where he was declared ...

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AUSTRALIA: New apple watch app lets you monitor property market

More than a month out from launch, the Apple Watch app game is starting to heat up in Australia. Popular real estate website, Domain, is joining the stable of apps launching at the same time as Apple’s smartwatch, with an app that lets you monitor the market from your wrist. The Apple Watch is released worldwide on April 24. For ...

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