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Thumbnail image for Taiwan Introduces Luxury Property Tax to Cool Overheating Market

Taiwan Introduces Luxury Property Tax to Cool Overheating Market

Taiwan has passed a “luxury” tax – an unusual move as the island tries to curb rampant property speculation and the worst wealth gap in a decade. Property not lived in by the owner and sold within two years of purchase will be taxed 10-15%. With the gap between rich and poor widening in many wealthy countries, what do you think of the idea?

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Thumbnail image for How Indian’s Are Investing Their Money in Real Estate Locally

How Indian’s Are Investing Their Money in Real Estate Locally

The number of Indian households defined as “rich” will have risen from three million in 2003 to 11 million by 2013. Additionally, the number of middle class “aspirers” is expected to increase even more substantially, from 46 million to 124 million in the same period. Right now, India has around 130,000 high-net-worth individuals (people with investable assets of more than $1 million USD) and this rate is growing at 20% a year, which is second only to Singapore.

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Thumbnail image for Number of World’s Millionaires Increased in 2009 Despite GFC

Number of World’s Millionaires Increased in 2009 Despite GFC

The world’s high-net-worth individuals improved their financial position in 2009 despite the Global Financial Crisis (GFC). There are now in excess of 10 million HNW-I’s in the world, and furthermore, their wealth increased by 18.9% to $39 trillion USD. Asian millionaires, led by those in Hong Kong and India, have now overtaken their European counterparts, with the total wealth of Asia’s 3 million millionaires increasing to $9.7 trillion USD, beating the $9.5 trillion USD held by Europe’s richest.

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Thumbnail image for The Criteria of High-Net Worth Individuals for Buying Property

The Criteria of High-Net Worth Individuals for Buying Property

Typically when asked, a real estate agent will state that the most important factors for buyers purchasing real estate are the proximity to schools and transport links. Well, a recent survey of high-net-worth individuals completely opposes such a view. In fact, of 14 factors, proximity to schools and transport links were 14th and 12th respectively.

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