Republic Act 11569 An Act extending the estate tax amnesty and for other purposes, amending section 6 of republic act no. 11213, otherwise known as the “Tax Amnesty Act” Republic Act No. 11569 (“RA 11569”) signed into law by the President Republic Act No. 11569 (“RA 11569”) amending Section 6 of Republic Act No. 11213 […]

Recent years have seen a rise in the complexity of residential and mixed-use property developments in the UK, New Zealand and the Philippines where we operate. Housebuilders and developers require precise legal, commercial, and practical guidance in order to identify and overcome critical issues to maximise the projected development value. Our team bring together experts […]

The COVID-19 pandemic remains a challenging event for most of us as well as the industries and businesses, which then resulted in a heavy toll on our economy. Despite government restrictions and community lockdowns, real estate ranks as the top contributor of the Philippines’ economy, with nearly 126 billion Philippine pesos in the second quarter […]

We only have nearly 5 months until the end of 2022, and we had seen how our country was able to adapt to the effects of the pandemic. Numerous new trends and innovations were introduced in the early months of the year in order to adapt to the emerging real estate industry demands. The trends […]

Home buyers who waive the inspection contingency must rely heavily on seller disclosures to be informed about any potential problems with the property. But more than 90% of buyers say they found at least one issue with their home after the transaction that the seller didn’t disclose, according to a new survey from Cinch Home […]

The Philippines’ real estate industry continues to be a key driver of economic growth. Since the passing of Republic Act No. 9856 in 2009, the real estate market has been anticipating the realization of the Real Estate Investment Trust (REIT). A REIT is a publicly listed stock corporation that owns income-generating real estate assets, such […]

5 Vital Factors in Real Estate this 2022 In the residential sector, buyers looking for properties may want to check this short list of crucial factors in this new normal setup. If you are new in the business, then here are some tips for first-time property investors. 1. Affordability Price is still the top concern, […]

Two years after the global health crisis caused by the coronavirus disease 2019 (COVID-19) turned out as well to be a global economic crisis, recovery outlooks for the Philippine property industry are becoming clearer. The outlook published by professional real estate services company Colliers Philippines last December highlights that the Philippine property market is “raring […]

One thing is clear: opportunities continue to abound in the Philippine real estate industry Despite the massive disruptions and difficulties caused by the pandemic, depressed market conditions, rising vacancy rates, declining rents, and subdued demand, the Philippine real estate industry is seeing favorable opportunities emerging, once overlooked segments flourishing, and recovery (although drastically uneven across […]

Renters’ Reform More broadly the UK Government intends to balance stronger tenant rights by fulfilling the manifesto commitment to abolish Section 21 evictions while also strengthening landlords’ rights of possession introducing new and stronger grounds for repeated incidences of rent arrears and reducing notice periods for anti-social behaviour. Levelling Up The stated mission of levelling […]

A year after the case of Reverend Richard Hall returning to his Luton property to find that it had been sold without his knowledge, BBC You and Yours found a pattern of criminal behaviour. Hall is still fighting to regain formal ownership of the house and is “in despair” as he continues to battle The […]

With the demand for social housing far outreaching supply, the private rented sector (PRS) must be viewed as part of the solution to the housing crisis and to end the anti-landlord rhetoric immediately. The Senedd’s Local Government and Housing Committee’s consultation on homelessness following unprecedented demand on local authorities’ supply of temporary accommodation specifically wanted […]

Secretary of State Michael Gove has announced funding for seven councils to test new methods of enforcement on rogue private landlords. At the same time, he has been forced to defend the delays in delivering safety legislation following the fire at Grenfell Tower. DLUHC are focused on targeting poor quality housing across social and private […]

A study by UK Collaborative Centre for Housing Evidence (CaCHE) looks at practices which affect tenants’ ability to make a home in the PRS (private rented sector), with the findings echoing the importance of letting agents, especially in educating landlords and encouraging compliance. Based on a survey completed by over 1,000 landlords and 68 in-depth […]

The current phase of the scheme will close for applications at the end of March 2023, and the Welsh Government will be introducing a new price cap of £300,000 from April 2023, in line with increases in average house prices in Wales. Julie James, Minister for Climate Change, confirmed the scheme has continued to be […]

The Welsh Government’s consultation on draft council tax exemptions to higher amounts on second homes and holiday homes has proposals to include categories of properties with the following planning conditions; restricting the use of the property to short-term holiday lets and restricting the occupancy of the property from use as a person’s sole or main […]

Concentrating on three core themes to drive the housing sector forward, Propertymark has called on the UK Government to improve welfare to support vulnerable and low waged tenants, provide energy efficiency grants to support landlords and homeowners to achieve Net Zero and repel Section 24 to reintroduce Mortgage Interest Relief and other tax deductibles for […]