offshore property

Singapore. Prices of private residential properties in Singapore rose 8.0 percent in the three months to September. The third quarter’s price rise is based on preliminary data and follows an 8.3 percent increase in the second quarter through June.”The government will continue to monitor prices closely,” said the URA, adding “the government will make available more sites for private residential development next year if demand remained strong.”

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Not too long ago, the average Briton could buy a flat in Spain, declare the property uninhabited, rent it out to whoever he felt like and avoid paying a penny in tax to the Spanish government.

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