real estate

Update news real estate

Digital contracts to replace notarization for property and vehicle transactions

Lawyers say that even when notarization is no longer required, buyers should still verify ownership, the legal status of the property and the seller’s marital status, or seek assistance from a trusted lawyer or legal office.

High taxes on real-estate ‘surfing’: experts offer insights

Experts support a proposal to impose a 20 percent tax on the margin between purchase and sale prices of real estate per transaction, as well as a tax based on the holding period, deeming it fair, reasonable, and a deterrent to speculation.