The purpose of my thesis is to analyse the taxation of ownership and the transfers of real estate property with regards to the ownership of flats. I will also examine the Austrian legal regulation through most of the taxes and I demonstrate differences between Czech and Austrian legal order. Paradoxically, both Czech and Austrian legal orders have historical and territorial connections. The thesis is composed of eight main parts. Chapter I gives an overall comment on the legal situations in both countries. In Chapter II, the essential terms relevant to my thesis are outlined. This chapter is divided into two subchapters. The first subchapter analyses terms concerning real estate property and the second subchapter explores terms regarding taxes. Chapter III pays close attention to the bill of the new Civil Code which is currently being discussed in Parliament in the Czech Republic. Chapters IV to VII focus on particular taxes which refer to ownership and transfers of real estate property. Chapter IV examines real estate tax and is subdivided into three parts. In the first subchapter, I explain Czech legal regulation and in the second subchapter Austrian legal regulation. The third subchapter includes a theoretical summary of both previous subchapters where I evaluate the differences of both legal...

29.11.2012 3:21 [Abstrakt AJ.docx] Summary Investments in real property through funds of collective investment The present diploma thesis focuses on collective investment funds of the kind that may be established under current Czech law, and on their investments into real estate. Real property in general is a popular investment target. However, such investments need not necessarily take a direct form, as there are options for indirect investment available in today's environment - one of which is investing by way of collective investment funds. The particular appeal of this form of investment lies in the numerous advantages which it offers to investors, and which would not be available to them individually; for the potential founders of collective investment funds, the attractiveness of collective investment schemes stems from the tax benefits associated with them. Over the past few years, legislation in the Czech Republic in the area of collective investment, in spite of its relatively short history, has been developing briskly, and it is interesting to observe how Czech laws in this field are still in flux. The primary objective of the present thesis is to describe and evaluate the various options for real estate investments by way of Czech collective investment funds. It is divided into eight separate...

The dissertation explores the financial ramifications of US military base closure on local community real estate property values. The dissertation examines an area that has not received sufficient research. Previous works on military base closure by Bradshaw, Kroll, Corley, Kirshenbaum and Harlan (1995); Dardia, McCarty, Malkin, and Vernez, (1996); Hooker and Knetter (2001) and Krizan (1998) examine more generalized economic factors such as employment and macroeconomic activity. More recent published dissertation work by authors Hall (1998) and Poppert (2002) have provided interesting explanatory hypotheses to assist municipal and state leaders in crafting working plans to assist communities where base closure occurs. This dissertation intends to look into the effects on real estate property values in the wake of military base closures. The dissertation expands the study of base closure effects into a relatively new area on the fluctuation of real estate property values. An enhanced understanding of how military base closures affect real estate values will have implications for real estate investors, developers, city and county government planners, and budget directors from local school districts to state government.

This doctorate explores key aspects of the economics of housing by examining Ireland's housing market bubble of the early 2000s. For earlier chapters, the main source material is a previously unused dataset of almost two million property listings, covering the entire country from 2006 until 2012, maintained by property website daft.ie. An initial chapter outlines stylised facts of Ireland's housing market 2007-2012, including a greater spread of prices over property size in the crash but a narrower spread of rents. In contrast, the geographical spread of prices and rents was largely unchanged. The spread of rents was constrained relative to the spread of prices, suggesting either renter search thresholds or buyer "lock-in" effects. To examine which was at work, the daft.ie dataset is combined with information on a range of amenities, including landscape, transport, education, social capital and market depth. Overall, there is clear evidence that the rent effects of a range of amenities are smaller than the price effects. There is limited evidence of procyclical amenity pricing, which would indicate "lock-in" effects, with the analysis suggesting instead countercyclical pricing, or "property ladder" effects during the bubble. Results from these analyses are based on listed price and rents, rather than transaction prices. The relationship between the two is examined in a separate chapter, using an additional Central Bank of Ireland dataset on mortgages. The spread between list and sale prices gap that exists between the two is decomposed into four parts, a selection spread, a matching spread, a counteroffer spread and a drawdown spread. A selection spread of up to 10% emerged in the Irish housing market after 2009, while the counteroffer spread was positive before 2009 but negative for much of the period 2009-2011. The final chapter uses both inverted-demand and price-rent ratio methods to examine the long-run determinants of house prices in Ireland from 1980 on. In addition to careful treatment of standard fundamentals, it includes a measure of credit conditions as well as the ratio of persons to households, both contributions to the literature. The resulting inverted demand error-correction model shows a clear and stable long-run relationship, which is largely preserved when cointegration between series is explored. Similarly, a model of the price-rent ratio from 2000 shows clear error-correction properties. Together, they suggest that while a range of factors drove Irish house prices 1995-2001, credit conditions were largely responsible for the subsequent increase.

Magistriniame darbe kalbama apie nekilnojamojo daikto išreikalavimą iš sąžiningo įgijėjo. Aptariamos sąžiningo įgijėjo ir nekilnojamojo daikto sampratos. Kalbant apie sąžiningo įgijėjo sampratą, išsamiau, remiantis tiek teisinės literatūros, tiek teisminės praktikos analize, aptariamas sąžiningumo vertinimas bei supratimas. Tai pat darbe paliečiamas sąžiningo įgijėjo ir savininko atribojimas. Nekilnojamojo daikto sąvoka, kaip nesukelianti didelių teisinių diskusijų išreikalavimo iš sąžiningo įgijėjo kontekste, aptariama tik trumpai. Daugiausia dėmesio šiame darbe skiriama situacijų, kada nekilnojamasis turtas gali būti išreikalautas iš sąžiningo įgijėjo, analizei. Plačiausiai iš jų aptariamos išreikalavimo galimybės, kai nekilnojamasis daiktas įgytas neatlygintinai, varžytinėse ar nusikaltimo (įvykdyto perleidžiant nekilnojamąjį daiktą asmens, nesančio savininku) pasekoje. Taip pat trumpai aptariamos ir kitos situacijos, kai nekilnojamasis daiktas, gali būti išreikalautas iš sąžiningo įgijėjo. Darbe aprašomi nekilnojamojo daikto išreikalavimo būdai ir pasekmės, daugiau dėmesio skiriant vindikacijai, trumpai aptariant restituciją (kaip galimą varžytinių negaliojimo pasekmę). Autorė taip pat pateikia naują požiūrį į nekilnojamojo daikto išreikalavimą ir jo pasekmes iš sąžiningo įgijėjo. Dėl darbo apimties reikalavimų, magistriniame darbe buvo išsamiausiai aptariamos tik Lietuvos nekilnojamojo daikto išreikalavimo praktinės bei teorinės problemos, nesigilinant į užsienio šalių... [toliau žr. visą tekstą] / Master work refers to exaction of the real estate property from innocent acquirer. The perceptions of the innocent purchaser and immovable object were discussed. Analyzing the concept of innocent purchaser in more detail and in accordance with both the legal literature and case law analysis, the evaluation of fairness and understanding were made. This work also touched a division between innocent purchaser and owner. The concept of real estate object as issue that do not create a major legal debates in the context of exaction from the innocent purchaser were discussed only briefly. This master work focuses on analysis of situations in which real estate property may be exacted from the innocent acquirer. The possibilities of exacting real estate property which acquired free of charge, during competitive bidding or in crime (if a transfer of real estate property were made by person other than the owner) were most widely discussed. The situations where the real estate property may be exacted from just acquirer are also briefly discussed. The master work describes the methods and consequences of exacting real estate property by putting more emphasis to vindication and briefly discussing restitution (as a possible consequence of invalid competitive bidding). The author also provides a new approach to the exaction of real estate property from a just acquirer and its consequences. On the scope of work requirements, the master work had comprehensively discussed only practical and... [to full text]

This paper analyzes the influence of several factors on rental and purchase price of Real Estate in Prague. The idea is that purchase and rental price could be influenced by different factors. To make a decision about "buy to rent" investment it is necessary to consider both sides. The aim is to conduct thorough analysis to find out whether differential factors exist, and if so, what they are. The comparison of these factors and their separated effects helps to understand the total effect on potential profitability and to make right decision about attractive properties for "buy to rent" investment. The paper serves to inform investors who are making decisions about investment properties.

Master’s thesis deals with real estate valuation in Australia. The introductory part deals with the definition of the terms used in the work, for its better understanding. Furthermore, it discusses the development of valuation theory and its relation to economic ideas and various aspects that have influenced its development. The thesis then deals with methods of real estate valuation, their division and specific features. The thesis also discusses the current state of the real estate market on the Australian continent and outlines its possible future development. The experimental section describes the valuation of a particular property in Australia and describes which particular properties affect its cost.

The purpose of the thesis is to outline the fundamental aspects of local government of municipalities and their economic management, in particular, in terms of the applicable Act No. 128/200 Coll. on municipalities (municipality establishment), and to define the most critical institutes, legal status and competences of municipalities applicable to management and disposal of real estate property and discuss them in a wider context. Real estate property is a significant property item for municipalities, constituting the territorial element thereof. Management of such property falls within the local authority of the municipalities, which the state does not intervene in. It is an autonomous area of performance of the local governments that is guaranteed by the Constitution. The thesis is split into four sections. Section one is general; the purpose thereof is to characterise the municipality and define its status within the legal order of the Czech Republic. Section two deals with the territorial element of the municipalities, through which I establish a link to the real estate property constituting a part of the municipality's assets. In that connection, there is a point attached to explain the post-revolutionary property-law development of municipalities, or their property renaissance, thanks to...

The target of this thesis was to map the methods of acquisition and alienation of the real estate of the state according to the valid legal regulations, i.e. of the Act No. 219/2000 Coll. of the Property of the Czech Republic and its Acting in Legal Relations, as amended in the directive of the Ministry of Finance of CR No. 62/2001 Coll. of the Economic Activity of the Organizational Components of the State and State Organizations with the property of the state as amended including mapping the procedures and methods applied by the organizational component of state ? Regional Directorate of the South-Bohemian Police. As examples the main subjects managing the property of state are stated, moreover the gradual development, history in its acquisition and last but not least also the genesis while performing its registration. In the associated part the possible procedures and methods while acquiring and alienating the real estate of the state in connection to the valid legal regulation is analyzed. In the practical part the thesis deals with the establishment of the organizational component, its acting in the legal relationships as well as with the complete administration of the real estate, particularly in the Regional Directorate of the South-Bohemian Police. There is performed also the analysis of the total procedures and specifics while acquiring and alienating the real estate by this organizational component with focus on individual kinds of transfers especially the sale in the form of the selection procedure.

In the introduction, this thesis describes the way property is transferred from the obligated persons – the state, to the entitled persons - churches and religious communities. Consequently, it discusses the Roman Catholic Church’s management of the newly acquired real estates, specifically of the arable land.